We bought and sold a Salvage Title BMW 650i - Will we Profit or Lose?

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  • Опубліковано 3 гру 2022
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    Can we Buy a BMW with a SALVAGE TITLE sight unseen fix clean and sell it for a profit?
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    BMW 650i 645ci 650ci convertible problems top not working smoking smokes check engine light on ignition coil How to buy and sell cars for profit get a dealers wholesale and auction license how to start a car dealership fix cars make money selling cars How to bank repossessed repossession reposession auctions work
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КОМЕНТАРІ • 417

  • @FlyingWheels
    @FlyingWheels  Рік тому +4

    Get 15% off your Carly purchase with code "FlyingWheels " until the end of December at: bit.ly/flyingwheels_Carly
    .

    • @joeyfaulks
      @joeyfaulks Рік тому +1

      Keep it

    • @ogshrimp219
      @ogshrimp219 Рік тому +2

      For future reference you can use Carly to get rid of that annoying bmw dinging/chime you didn’t like. Only takes a minute or two

  • @Tony-yn5un
    @Tony-yn5un Рік тому +13

    Its Vossen for the rims, I had the same rims on my Audi

  • @supastr33t
    @supastr33t 7 місяців тому +2

    Another paint tip - wet the floor with water around the car to help catch dust before you spray

  • @toddp.226
    @toddp.226 Рік тому +10

    It would sell on a BHPH lot in Miami for $15,995+++ with $5k down. Ghettofabulous!

  • @breakmywalletmotorsport
    @breakmywalletmotorsport Рік тому +7

    BMW + convertible + V8? That’s living life on the edge!

    • @venomsupe
      @venomsupe Рік тому +1

      Bro he don't even know 😭 I'll never buy another V engine from BMW after my 4.4i X5

  • @johngodbout7341
    @johngodbout7341 Рік тому +6

    The Escalade is a vehicle with no roof, it isn't a convertible. A convertible is a vehicle that converts from a roof to a no roof position.

  • @adamparrish2717
    @adamparrish2717 Рік тому +12

    The wheels on the BMW are Vossen rims

    • @jonik76
      @jonik76 Рік тому

      No, they are rare N3ssov wheels🤣

  • @robsim4692
    @robsim4692 Рік тому +60

    Nobody in the history of BMW that has bought a BMW has ever done alright at anything other than buying a ticking time bomb that the only surprise will be the number of different things that can go wrong and will with time, go wrong!

    • @dominiquegarcia9218
      @dominiquegarcia9218 Рік тому +1

      You probably buy shit cars then….

    • @shelbysnake5003
      @shelbysnake5003 Рік тому +7

      Yupp its inevitable, those that say "ive had a bmw with so many miles problem free are full of shit" most of their parts are made of plastic thats not designed to hold up for very long and this will lead to leaks, not to mention all the extra sensors and electrical modules that will go out in time, like you said its literarily a bomb. Owned one at one point and never again 😂

    • @ryanwhite7969
      @ryanwhite7969 Рік тому +3

      Facts

    • @ddutsie
      @ddutsie Рік тому +5

      Um............that's like every other mfr., every car is a potential mechanical ticking time bomb.

    • @adasterdezaster2865
      @adasterdezaster2865 Рік тому +15

      You paid $3800 for it. If you spend $12k fixing it you can probably sell it for $3300

  • @joecool9739
    @joecool9739 Рік тому +24

    I remember back in the mid 2000s when these came out
    Fucking revolutionary, nothing on the road looked like a 6 Series
    And those gigantic stock wheels were a taste of what was to come in the future

    • @MLProductions.1
      @MLProductions.1 Рік тому +4

      I agree they aged super well looks wise. Inside and out. I still would feel good driving a mint one.

    • @Jamieh00
      @Jamieh00 Рік тому +1

      vossen rims not stock very expensive

    • @joecool9739
      @joecool9739 Рік тому +1

      @@Jamieh00
      Im talking about the rims they came with back in the day
      They were enormous, exaggerated looking

  • @treymcdonald2828
    @treymcdonald2828 Рік тому +4

    @13:43 Vossen, dude. Well known, high quality rims. Cmon!!!!

  • @woodrowbunopaddle
    @woodrowbunopaddle Рік тому +3

    3:00 I just watched you ESV video where you painted it.Then here you complain about bad paint prep. Awesome

  • @124angelm
    @124angelm Рік тому +7

    Those bmw dashes crack bad always

  • @jimharrington7532
    @jimharrington7532 Рік тому +1

    always appreciate your show along with super honesty.

  • @SoonerMikeD
    @SoonerMikeD Рік тому +7

    I absolutely got the Seinfeld reference but I’m older than you so no surprise there 😂

  • @althunder4269
    @althunder4269 Рік тому +8

    you were lucky to have sold that thing for 7k at this time of year.

  • @chrismemphis8062
    @chrismemphis8062 Рік тому +25

    "Endless money pit"

    • @jeff2370
      @jeff2370 Рік тому +3

      Scotty entered the chat

    • @seanmichaels718
      @seanmichaels718 Рік тому +1

      I’m telling the wizard and Scotty Kilmer so they can shame this bmw lol

    • @seanmichaels718
      @seanmichaels718 Рік тому

      Wrap the car wash it detail and get rid of it

  • @willpowr416
    @willpowr416 Рік тому +2

    Vossen Wheels bro lol... Great find! I just sold my '07 black on black 650i... Only had 45,000kms on it.. I got 30 grand for it, sad to see it go but obviously couldn't pass up that price... This car aged the best out of all BMW's from that era.. it's still a head turner!

  • @dustinwalker9468
    @dustinwalker9468 Рік тому +5

    Great video to watch while I was on lunch at work! Always look forward to your videos Craig! Plus we love to see Papa Al!!

  • @firaskalaji2995
    @firaskalaji2995 Рік тому +1

    love ur videos man, keep em coming, happy holidays

  • @jdorffer
    @jdorffer Рік тому +1

    Thank you so much for a full start to end video,

  • @nikolajscernookijs9526
    @nikolajscernookijs9526 Рік тому +20

    The wheels are VOSSEN CV3, and if they are real vossen than they are pretty expensive by them selfs 👍
    Loving they videos 💥🔥🔥

    • @nothing9271
      @nothing9271 Рік тому +4

      If he replace those rims for the original his car is going to go up in value and he gets to keep the rims

    • @amozeshkade9538
      @amozeshkade9538 Рік тому +2

      I wonder why a car guy like him didn't know vossen!!!

  • @anthonypena6322
    @anthonypena6322 Рік тому +7

    Hey Craig, 1996 and newer is obd2.
    Just thought I would point that out. Thank you for the great videos. Love the channel.

  • @johncook1080
    @johncook1080 Рік тому +10

    BMW's are strippers. They look great, but you have to throw money at them all the time. It appeared most of your repairs were cosmetic. 7k is a lot for a car with a rebuilt title. I know the engine settled down when it was warm. Did the plugs fix the intermittent cylinder issue? I love the mix of toys and practical vehicles. (Sadly the Hummer didn't really fall in either of those categories.) I always look forward to your content. Please give our best to Papa Al, he's really the highlight. God bless you and your family. Merry Christmas '22!

  • @toddp.226
    @toddp.226 Рік тому +4

    I hope Leroy made it to the gas station without running out of gas!!! LOL SMFH

  • @egolf8814
    @egolf8814 Рік тому

    Awesome to watch someone with such skill . Enjoy your videos

  • @malikroberts6724
    @malikroberts6724 Рік тому +1

    I’ve been waiting for this video. Love your videos man keep up the good work

  • @davidhancock91
    @davidhancock91 Рік тому +1

    Love your work Craig. You are multi skilled.

  • @BuyFromNeil-CoreysCars
    @BuyFromNeil-CoreysCars Рік тому

    Excellent!!! Glad you got it sold!

  • @campgrl1
    @campgrl1 Рік тому +3

    👍 on the Seinfeld reference. One of my fav episodes. Love the candy bar skit with George 😂

  • @ChopsGarage
    @ChopsGarage Рік тому +1

    Cheers for vid, enjoyable as usual! Interesting to see how States dealing compares to UK

  • @WrestleVersePodcastCouple
    @WrestleVersePodcastCouple Рік тому +4

    Got to give you props , I’ve talked down upon your prices and choices and ideas but I’ll give you this , you go out of your way to restore cosmeticly cars where you have no need to spend out of pocket for a car you will gain almost little to nothing on return after labor and paint restoring a car appearance, where here in cali all small dealerships just sale you trash and overprice and are falling apart so cheers man !!!!

    • @FlyingWheels
      @FlyingWheels  Рік тому +2

      thank you!

    • @markmansel9899
      @markmansel9899 Рік тому +1

      You applaud his hack jobs! wow!

    • @lovellmills7959
      @lovellmills7959 Рік тому +2

      @@markmansel9899 you think him repainting the entire car, wheels, calipers, cleaning the interior, fixing the engine was a hack job? 🤦‍♂🤦‍♂

    • @Deltathegoldenretriever
      @Deltathegoldenretriever Рік тому

      @@markmansel9899 you have no idea if he didn’t have UA-cam he would go under with as much work as he does to these cars but I bet his customers are super happy

  • @davidlampe4153
    @davidlampe4153 Рік тому +1

    Love what you make, videos are very informative and direct. About the BMW keep it and sell it for a profit in the spring, mho.

  • @williamblaney904
    @williamblaney904 Рік тому

    Nobody has ever gone that far to the left of the slash! Love 'Seinfeld' and the channel.

  • @EricJohnson-lq9zb
    @EricJohnson-lq9zb Рік тому +6

    love auction days, always good to see papa AL. fun content and something new to learn every episode. doing great Craig!

  • @lorenzo259812
    @lorenzo259812 Рік тому

    Loving the longer vids

  • @Berven-gf9jq
    @Berven-gf9jq Рік тому

    Great upload 🙂 Informative.

  • @alexk81843
    @alexk81843 Рік тому

    I owned one. Way back when. It kept dying on me quite often . I remember a recall for this issue . The fix sounded very easy. The wire connected to the main battery was installed backwards.

  • @kenlaw04
    @kenlaw04 Рік тому +1

    Do y’all even let the video finish before you comment? Lol but it’s great that you got it sold quicker than you thought and for profit. You made it look a lot better.

  • @mazenbatshonph.d.5457
    @mazenbatshonph.d.5457 Рік тому

    Thanks a lot for this video Good Job

  • @billybedlam7697
    @billybedlam7697 Рік тому +1

    Love papa al 💪always there to help.. I think he should be next to deserve a treat what do you think Craig ?

  • @mobiledetail4you
    @mobiledetail4you Рік тому +4

    Just got a 2011 BMW 328i xdrive. Salvage title from auction. I love it, first BMW great little four door all wheel drive car for winter. Replaced hood fender and headlights. I’m sure when I sell it will get up to double money put in…Don’t be afraid of salvage title, just know what caused it… in my case a barely damaged hood, a cracked barely bumper, dented fender and busted single headlight plastic…

    • @joeblack007
      @joeblack007 Рік тому

      If you are a private seller, save the photos and show the new buyer when ready to sell.

  • @shajanshan
    @shajanshan Рік тому

    I got a clean title 645 coupe in a 6 speed. Love it

  • @moparrdudee87
    @moparrdudee87 Рік тому

    Over here from Indiana watching you !

  • @joshuagraham3222
    @joshuagraham3222 Рік тому +4

    I don’t know why but I like it. Ownership would scare me with repair costs but if is cool.

  • @peppilameu3144
    @peppilameu3144 Рік тому

    That’s good that you got rid of that thing stat!! Those SMG transmissions back than I had one one my M5 and around 100k miles the hydraulic pump are a big failure point and they are expensiveeee!! Breaking even is a winnnnn brother.

  • @relocyo55
    @relocyo55 Рік тому

    Great video Craig...

  • @carlosalvarenga129
    @carlosalvarenga129 7 місяців тому

    I remember when I bought my 645 convertible. Brand new in 2004 it was a great experience.

  • @kevinkatzke2083
    @kevinkatzke2083 Рік тому

    Good buy and nice video i would wait for spring when it would go for more It's a nice looking beamer

  • @FrossYT
    @FrossYT Рік тому +11

    Your son looks just like you and your wife. Usually kids look like 1 or the other. You guys probably have those fights who he looks like the most I bet 😆 🤣

    • @emeyer6963
      @emeyer6963 Рік тому +5

      I saw the wife in the face.

    • @goleafsgo8496
      @goleafsgo8496 Рік тому +2

      @@emeyer6963 me to, I actually didn't see Craig at all? Momma's boy for sure!

  • @IvansBikesBmws
    @IvansBikesBmws Рік тому

    Cool video. Thnx

  • @obadel5092
    @obadel5092 Рік тому +1

    Pop's is like the White Thunderbird one of a kind and super cool.

  • @lovellmills7959
    @lovellmills7959 Рік тому +1

    yesss!! I knew you would sell it before the video ended!!

  • @drrick8839
    @drrick8839 Рік тому

    Craig, I don’t understand all the haters! Used cars are a tough business. That’s why most lots last five years or less. The fact that you’ve been there, is it seventeen years?, is a testament to the overall way you treat your customers and the way you do business.
    I guess there’s a lot of jealous keyboard dealers.
    I enjoy your success and your videos, my friend.

  • @Pivotal_Moment
    @Pivotal_Moment Рік тому +2

    Grats on the sale!!! (She DEFINITELY looks good)
    And that Seinfeld episode was hilarious 😂

  • @kraziekiwie6189
    @kraziekiwie6189 Рік тому +6

    Vossen wheels!

  • @Jamieh00
    @Jamieh00 Рік тому +3

    Those are VOSSEN rims over 2k a set!!!!

  • @Roberto-gp3yx
    @Roberto-gp3yx Рік тому +6

    Great that you sold it… I would have reverted everything to stock and do all the ignition coils to ensure no misfires and then would have done a dash restoration video

    • @Roberto-gp3yx
      @Roberto-gp3yx Рік тому

      But then again the channel is about buying and selling cars for profit and ensuring happy customers so doing what you did was the best for the car and the business

    • @almarkowbender
      @almarkowbender Рік тому +4

      @@Roberto-gp3yx Nah, this channel is about quick fixes that won't last and selling the car off the next person, also a couple videos ago his first instinct was to cut up a perfectly useable Lincoln rather than sell it to someone so I don't think he cares about make customers happy by selling them a good car, just the money

  • @jgm9927
    @jgm9927 Рік тому

    Great job moving that beamer!

  • @miceinoz1181
    @miceinoz1181 Рік тому +3

    I have Carly as well, but the functions and models are variable. As you said, it is great for BMW. Not so much on Korean GM stuff. Make sure you are aware of your model and functions at purchase.

  • @esteemedenergy
    @esteemedenergy 3 місяці тому

    Good looking car BMW and rare on the road. Nice flip.

  • @sp4284
    @sp4284 Рік тому +1

    Craig I was just getting ready to tell you to stick it out for the most you could get, when you said it sold, it wouldnt have taken up too much space for the eventual benefit

  • @jairomanzano3635
    @jairomanzano3635 Рік тому +1

    Been watching for a while. Your paint jobs are always so good!! Impressive:) thanks for the greats tips you share have a good xmas brotha

    • @FlyingWheels
      @FlyingWheels  Рік тому

      Thanks for watching!

    • @goleafsgo8496
      @goleafsgo8496 Рік тому +1

      I agree for a guy who doesn't paint for a living Craig gets pretty decent results.

  • @frank0720i
    @frank0720i Рік тому +1

    You are one lucky man these bmw 8 cyl models are the worst and not to mention the money you sold if for, incredible 👏

  • @samanthaeichhorn4319
    @samanthaeichhorn4319 Рік тому +2

    Put Poppa Al in the thumbnail and I bet you’ll get 2 million views next time 😂😂

  • @robertclubs9908
    @robertclubs9908 Рік тому

    Awesome show

  • @kevinpaul627
    @kevinpaul627 Рік тому +1

    You are exhausting!!!

  • @hashtagandrewharrison
    @hashtagandrewharrison Рік тому +1

    For me, the biggest hiccup is the front passenger bumper, fender match. For a restored car, I expect it took like a body shop did a great job restoring it. But, great job making money on it.

  • @aldoblar
    @aldoblar Рік тому +9

    6:11 As the BMW was badly wrecked , it probably sat for a while under the sun cracking the dash and affecting cheap plastic

  • @RealInsaneGalvatron
    @RealInsaneGalvatron Рік тому +3

    I saw that bottle on the ground in front of the car earlier in the video and thought "I'd move that so I don't run over it". A couple of minutes later, Craig runs over it.

  • @sgttombailes3380
    @sgttombailes3380 Рік тому +1

    Keep that BMW .. I love my '06 530 I sedan .. I'm 2nd owner and just hit 100K miles.. Always serviced !!! And Garaged !!. Gorgeous White w/ tan int. It still looks like it just left the showroom floor !!

    • @FlyingWheels
      @FlyingWheels  Рік тому

      your 530 has the good engine. This 650 not so much

  • @crawfordtowing4496
    @crawfordtowing4496 Рік тому +3

    i sit on cars jus like that all winter i love projects an toys the money is made on toys in the summer time love the content craig

  • @markmansel9899
    @markmansel9899 Рік тому +1

    13:03 look at the kettle calling the pot black!

  • @realestateeric
    @realestateeric Рік тому +1

    Shocked you got that much for a rebuilt title 650i money pit. Just hope the guy doesn't come back in 48 hours when the check engine light pops on again.

  • @bobmanzi7712
    @bobmanzi7712 Рік тому

    great stuff thanks

  • @ONEIL76
    @ONEIL76 Рік тому

    Hang on to it to the springtime

  • @canadiankrispybacon1450
    @canadiankrispybacon1450 Рік тому

    It’s exhausting just listening to this guy..can you imagine the wife or kids trying to get a word in 😱

  • @sprezzatura8755
    @sprezzatura8755 Рік тому

    I had one of these new. Great car!

  • @cookingwithdad1970
    @cookingwithdad1970 Рік тому

    It's funny the cars you call old and junkie or turds I look at and go "Man that's a pretty good car!" We obviously sell much lower price inventory than you do. Love your channel!

  • @Dreamcar85supra
    @Dreamcar85supra Рік тому

    VOSSEN wheels and they are nice wheels haha. They were at SEMA. Next year if you go stop by the Rotary lift booth where I work. The wheels are high end. Keep up the good work watch every video and try to give a thumbs up

  • @swift__
    @swift__ Рік тому +1

    Nessov🤣🤣 the logo is upside down, it’s Vossen, that one had me 🤣🤣.

  • @mennoboon8037
    @mennoboon8037 Рік тому +1

    Nice convertible bmw i like it and the color also👍

  • @onebad4cyl
    @onebad4cyl Рік тому +2

    4:37 That's "somebody" like you!! 😂

  • @ESeda-lo1dv
    @ESeda-lo1dv Рік тому

    It looks great, love the color

  • @OOOHBILLY
    @OOOHBILLY Рік тому

    Got the reference. LOVED that episode.

  • @robertbuchwald6514
    @robertbuchwald6514 Рік тому

    Never saw someone so indecisive before. Just make up your mind and stick to it.

  • @skunkworks9-3
    @skunkworks9-3 Рік тому

    There's still some overlap between the needle and slash below the E~ Kramer

  • @teshpatel4626
    @teshpatel4626 3 місяці тому

    Nice Brighton & Hove Albion shirt!!!

  • @blacksky9320
    @blacksky9320 Рік тому +1

    Hi Craig I really loves your big fan I have why you cover all the car then paint why u didn’t just remove bumper and paint ? Thanks

  • @Ripperx121
    @Ripperx121 Рік тому

    I just stumbled on your channel. I really like your content. I am in NH too. Got a sub from me!

  • @ryanbrown2253
    @ryanbrown2253 Рік тому +1

    8500 hold on to it

  • @kwamerichards2298
    @kwamerichards2298 Рік тому

    7:59thanks

  • @Eatongee
    @Eatongee Рік тому

    13:39 Nessson? Lol. Funny stuff.

  • @ricardoroeschgalvez3725
    @ricardoroeschgalvez3725 Рік тому

    Down here in Guatemala this car is an 11 of 12 you sand car and here it is always spring so here climate is not an issue

  • @sirenhead8767
    @sirenhead8767 Рік тому +12

    You need to have donk wheels on the caddy. Idk why but I feel like it would actually look good towing something.

  • @bradbenski5752
    @bradbenski5752 Рік тому +1

    I'd lean toward taking the loss and getting your money working on other cars. Right now I'd expect interest rates to rise and Dealer Wholesale prices are still going down, so the prospects for getting a higher sales price and make up "holding" costs into March and April are not ideal.

  • @JonBlondell
    @JonBlondell Рік тому

    I figured it would sell, too nice. And especially Cool!

  • @johnbarr2100
    @johnbarr2100 6 місяців тому

    It’s kind of amazing if you just state the dilemma in another description. If someone said you can put out $4500 and store a car for 3-4 months and get a 75-80% return on your money people would think you were full of it. Possibly even a 100% return if it sold for $9k. Doesn’t sound bad to me.

  • @philipbickham7551
    @philipbickham7551 Рік тому

    The sky is beautiful

  • @bigsteve777able
    @bigsteve777able Рік тому

    not a bm fan but at the price you paid and way it looks well worth it. and said that before end of video by which time you had sold it so i was right, for once very rare thing, used to work in car trade in the uk many years ago it was not easy then either and that was long time ago.

  • @MO-cc7ob
    @MO-cc7ob Рік тому

    Watching this at 1AM in Canada! Like for papa Al!!