Buying/repairing old cars to flip for profit

[Grant]

I wish I learned how to be a mechanic, or learned how to work on cars, because I would love to buy up old beat up cars and try and repair them in working order. I have family who can do mechanic work, but I know next to nothing about it. If I did I would probably be working such a job.

Anyway, does anyone here like to buy up old cars and flip them for profit? How much can you make from it?

 

[Ja Sa Bong]

If I have the knowledge on how to repair old and broken cars, I would be in the business of buying them and fixing them up to be good for sale. There are classy people who would want to buy them for nostalgia reasons. I would buy them for same reason.

 

[Good-Person]

If I have the knowledge on how to repair old and broken cars, I would be in the business of buying them and fixing them up to be good for sale. There are classy people who would want to buy them for nostalgia reasons. I would buy them for same reason.

There are many people who buy old cars. They invest a bit of money and then they sell cars for a profit. However, the main problem here is that the prices of cars could fluctuate and they could also increase. This is why the volatility in the market could have a really huge impact.

 

[Ja Sa Bong]

There are many people who buy old cars. They invest a bit of money and then they sell cars for a profit. However, the main problem here is that the prices of cars could fluctuate and they could also increase. This is why the volatility in the market could have a really huge impact.

There's nothing like volatility in the market of buying old cars. Car prices only fall after they have been purchased. Volatility means price can go up and down. There's no going up with the prices of car unless it's something from ages which have been turned into a treasure. If it's sold, it's going to be expensive but it's kept as a treasure not for use.

 

[Henrywrites]

There's nothing like volatility in the market of buying old cars. Car prices only fall after they have been purchased. Volatility means price can go up and down. There's no going up with the prices of car unless it's something from ages which have been turned into a treasure. If it's sold, it's going to be expensive but it's kept as a treasure not for use.

This is true. I believe that is why most people keep looking for old cars that have been popular. The plan will be to make some additions that can help in placing the car in a unique shape. Thus, increased market value when you decide to sell. Lots of rich guys will definitely want to spend on those classic cars, too.

 

[Heatman]

Personally, I wouldn't mind boycotting cars because they are investments that always depreciates with time. They are nothing like real estate which apparently appreciates with time. This is the reason why I don't have any consideration for investing in any kind of car buying and selling business.

 

[Good-Person]

Personally, I wouldn't mind boycotting cars because they are investments that always depreciates with time. They are nothing like real estate which apparently appreciates with time. This is the reason why I don't have any consideration for investing in any kind of car buying and selling business.

The prices of cars has decreased a lot as the prices of foreign currencies are falling at an alarming rate. The prices of cars have decreased and there are so many investors who have been suffering from losses. This also includes investors who have purchased old cars.

 

[Heatman]

The prices of cars has decreased a lot as the prices of foreign currencies are falling at an alarming rate. The prices of cars have decreased and there are so many investors who have been suffering from losses. This also includes investors who have purchased old cars.

The reason why such happens with cars is because new version of cars comes out every year. Once a new one comes out, the value of the old one drops. It's the same thing with smartphones too. This is why you can't invest in cars for a long term but on a short term, it's a good idea.

 

[Nomad]

I am not into this business model but I see a lot of people selling refurbished cards and based on my understanding it is a profitable business. I know people who are in this business. When they buy old cars, they buy on credit, they tell the sellers that they will get the money only when they sell back the car, and when they sell cars, they sell for cash and take a huge cut as a commission.

 

[Heatman]

There's nothing like volatility in the market of buying old cars. Car prices only fall after they have been purchased. Volatility means price can go up and down. There's no going up with the prices of car unless it's something from ages which have been turned into a treasure. If it's sold, it's going to be expensive but it's kept as a treasure not for use.

Exactly! This is the very reason why I don't see car as an investment but a liability. They are something that you can use for a while feeling good about it but after some period of time, the value of that car is going to drop down and there is nothing that is going to make it to come back up.

 

[Good-Person]

The reason why such happens with cars is because new version of cars comes out every year. Once a new one comes out, the value of the old one drops. It's the same thing with smartphones too. This is why you can't invest in cars for a long term but on a short term, it's a good idea.

I think that it may not be a good choice to compare cars with smartphones. Smartphones can become really old and they can also become obsolete. For example, you may own a new phone today. However, within a few years, many applications won't work on your phone. It would become useless. However, this is not the case with old cars.

 

[Heatman]

I think that it may not be a good choice to compare cars with smartphones. Smartphones can become really old and they can also become obsolete. For example, you may own a new phone today. However, within a few years, many applications won't work on your phone. It would become useless. However, this is not the case with old cars.

The reason why I compared both of them is that the same thing happens with both their value over a period of time. I don't think it is going to be possible for you to sell your smartphone exactly the same price you bought it when you are interested in selling it and you can't be able to sell your old car for the same price when you want to sell it now.

 

[Good-Person]

The reason why I compared both of them is that the same thing happens with both their value over a period of time. I don't think it is going to be possible for you to sell your smartphone exactly the same price you bought it when you are interested in selling it and you can't be able to sell your old car for the same price when you want to sell it now.

The prices of cars can increase or fluctuate, but it depends. Our family recently sold our old car. It was a bit old but we got a good price. We sold it at the same price as we bought it for the same price a few years ago. So, cars could pay off well in the end, but it depends on the market value of the car.

 

[Ja Sa Bong]

This is true. I believe that is why most people keep looking for old cars that have been popular. The plan will be to make some additions that can help in placing the car in a unique shape. Thus, increased market value when you decide to sell. Lots of rich guys will definitely want to spend on those classic cars, too.

Those old cars are rare and expensive. Take for example, The Impala is now an exotic old car which is worth millions of dollars. It's my father's old car which is in our car garage. If I want to sell it in the future, I will make a fortune.

 

[Heatman]

The prices of cars can increase or fluctuate, but it depends. Our family recently sold our old car. It was a bit old but we got a good price. We sold it at the same price as we bought it for the same price a few years ago. So, cars could pay off well in the end, but it depends on the market value of the car.

The price of a new car can always increase, their is no argument there but in a situation whereby you have purchased a car and made use of it, there is no way the price of that car is going to increase for you to sell it the amount you bought it for or even more than what you purchased it. This have never happened anywhere.

 

[Good-Person]

The price of a new car can always increase, their is no argument there but in a situation whereby you have purchased a car and made use of it, there is no way the price of that car is going to increase for you to sell it the amount you bought it for or even more than what you purchased it. This have never happened anywhere.

Our family has recently purchased a car. The value of that car was far much lower than it was a few years ago. However, now the value of cars have increased. This also includes prices of old cars as well. On the other hand, the value of old phones have not increased a lot. In fact, not even the demand of those phones have increased. So, I do not think that comparing both of them would be a great thing.

 

[Heatman]

Those old cars are rare and expensive. Take for example, The Impala is now an exotic old car which is worth millions of dollars. It's my father's old car which is in our car garage. If I want to sell it in the future, I will make a fortune.

The Impala that was used by the Winchester boys in Supernatural was a very classic car. It's also very strong too. There was a similar car used in Death Race which was driven by Frankenstein. It looked like The Impala but with a lot of customization.