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?
2007-03-09 13:56:49 · 7 answers · asked by Inferno 2 in Business & Finance ➔ Corporations
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
2007-03-09 14:05:21 · update #1
$1000 to $15000 depending on the custumer and the car
2007-03-09 14:11:38 · update #2
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.
2007-03-09 14:00:37 · answer #1 · answered by A.S.I. - 7 4 · 0⤊ 0⤋
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!
2007-03-09 14:05:05 · answer #2 · answered by snapdragon747 5 · 0⤊ 0⤋
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.
2007-03-09 14:02:37 · answer #3 · answered by setter505 5 · 0⤊ 0⤋
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.
2007-03-09 14:00:52 · answer #4 · answered by shawn1980 3 · 0⤊ 0⤋
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.
2007-03-09 14:09:21 · answer #5 · answered by Straycat 2 · 0⤊ 0⤋
very little with today's car market.....
2007-03-09 13:59:37 · answer #6 · answered by Chrys 7 · 0⤊ 0⤋
No.
2007-03-09 18:44:04 · answer #7 · answered by Anonymous · 0⤊ 1⤋