Quote:
Originally Posted by btimbit
I've done it a few times. Not very lucrative on cheap cars, I always only ended up making a few hundred dollars but spending a lot of time fixing crap. Not worth it imo, unless you had a lot of specialty tools. Maybe would make sense for someone that had a shop, fixed cars for a living, and fixed and flipped when in their down time when the shop wasn't busy.
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Yeah I actually could see it working if it was one of those little dealerships that aren't affiliated with any major brand. Buy cheap stuff, have the in house mechanic bring it up to speed and then sell it. But I can see how there would be diminishing return on really cheap cars.
Anyway, didn't matter much to my deal as I sold it for a fair price and I have no real reason to think that it is what my buyer was doing. Just something that crossed my mind when I put it on there.