| After getting a few emails questioning why the name | | | | somewhere in mid to upper 7's. Netting me around |
| "Project Cars For Sale" for my blog, I thought I would | | | | $1,700. Sounds great? Here are the downsides: |
| explain. The main reason is that most people interested | | | | 1. What if the bodyshop does an inadequite job of |
| in project vehicles use this phrase to search for it. | | | | painting it? Your not paying for a retail job so it may |
| Shame on me for using such a base technique to | | | | not be retail quaility. What if they take forever to get it |
| gather readers, but writing for the sake of it is no fun. | | | | ready, again wholesale jobs take the backburner. |
| As far as "Easy Money" is concerned, I have found | | | | 2. You tie up your money for the entire time or your |
| that my purchasing project vehicles over the years | | | | building interest at the bank. Do that on a couple of |
| has made a lot of money. However, I'm sure you are | | | | hundred cars a year and see where you stand. |
| assuming that these project cars were all repaired in | | | | 3. Time it takes to sell the vehicle may be as long as 2 |
| retailable condition. In reality we did repair some of | | | | or 3 months because it is just like all the other super |
| them, but most of them were sold at online auction on | | | | slick Dodge trucks on the market and it has nothing |
| EbayMotors in as is condition. "Why on earth wouldn't | | | | special about it. |
| you fix them and get max dollar out of them?" you | | | | 4. Every other crazy thing that can happen when you |
| might ask. Well sometimes the worst thing you can do | | | | set on a commodity for too long (hail damage, busted |
| to a good deal is spend money on it. For instance, I | | | | windows and so on). |
| gave $2,900 at auction for a 2001 Dodge Ram 1500 | | | | Or, what happens to most of my great automotive |
| ClubCab with 70K miles on it. It was a trade in at a | | | | bargains that we get our hands on, we sell it at online |
| local new car store and it had a lot of surface body | | | | auction. We originally gave $2900 for the truck, put it |
| damage and bad bodywork on it. It had great tires and | | | | on Vprojectcar and sold it to the highest bidder for |
| the interior was in good condition. After bidding and | | | | upper 4's in 5 days. Ok, we netted $1,700 in 5 days. No |
| buying it, to my amazement, I discovered it drove | | | | brain damage, no bodyshop excuses just gone out of |
| great. | | | | my life forever (bustin bugs). Why did this work? |
| So now comes the decision making part. One option is | | | | Because I left some meat on it, it stood out in the |
| to spend the $2,500 for paint and bodywork, $150 for | | | | market of all the other Dodge trucks out there. The |
| the windshield, $100 for odds and end marker light etc.. | | | | buyer will have a great time reconditioning the truck |
| and another $125 for a detail and own the truck for | | | | and I had a great time making a few bucks. |
| around $5775. And this all takes time and effort (brain | | | | Now I get on the road and get 3 or 4 more of those in |
| damage as I refer to it) just to get it on the market. If | | | | the time it takes me to sell one super slick Dodge |
| the truck is finished and slick, I'm going to ask $8,900 | | | | truck. |
| for it and maybe have to negotiate down to | | | | |