I have a lot of experience in the automotive industry if it is good to buy old crappy cars and fix profit?
Inferno asked:
I have a lot of experience in the automotive industry (basicly fully fixing and customizing with a little help) and was thinking to start buying old rusty (maybe classic) cars for like $500-$6000 and put like $15000 into it and fully fix it up what do you think the profit will be?
I have alot of people who are coming in and asking if i do that and was asking if that would be good to start
$1000 to $15000 depending on the custumer and the car
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I have a lot of experience in the automotive industry (basicly fully fixing and customizing with a little help) and was thinking to start buying old rusty (maybe classic) cars for like $500-$6000 and put like $15000 into it and fully fix it up what do you think the profit will be?
I have alot of people who are coming in and asking if i do that and was asking if that would be good to start
$1000 to $15000 depending on the custumer and the car
January 17th, 2010 at 9:15 pm
very little with today’s car market….. Kathy A
January 21st, 2010 at 7:05 am
I did try that once. But it was kind of hard to sell cars. I made a profit on one car but a loss on my second. The profit really fluctuates. It depends on the car’s demand.
You need a good salesman and marketing promotions that would get your cars noticed.
You could give it a shot! It always seems to be a brilliant idea. But don’t just jump into it. Make some informed decisions first. A.S.I. - 7
January 23rd, 2010 at 11:57 pm
Listen, I know a couple of guys that do this, and you got to find a guy who wants the car first, and then restore it for him. Some customers really like being involved in the process by seeing the magic unfold and taking pictures. That is the best way to do it so you don’t get burned. shawn1980
January 26th, 2010 at 9:19 pm
go to auction and find a car that wont run nice looking no rust goes cheap a few hundred bucks. fix motor you’ll easily make 5 to 7 hundred or more a car.if you can fix the motor without too much trouble that’s where the gamble is but even if you cant you can get your money back selling some parts off the car. setter505
January 28th, 2010 at 2:51 am
I do a similar sort of thing here in the UK. I buy classic cars that need just a little bit of tarting up and sell them on for a profit. You’ve got to really know your market well as classic car buyers mostly want the best on the market and not pay very much. Also you can have the car around for a while waiting for the right buyer. Why not start with something simple like a small family car that needs a small amount doing to it and selling it on. takes less time and local people will get to know your work and word will spread like that. GOOD LUCK! snapdragon747
January 29th, 2010 at 2:31 am
I don’t know about cars, but I know a guy that makes out okay buying old crappy semi tractors and restoring them. Has a big machine shop and a couple guys working for him. His ‘ol lady runs the office and the brats and dogs are all over the place. He seems to be making a living. Straycat
January 31st, 2010 at 8:38 pm
No. Frank Castle