Great video Greg. At 7:40 when you talk about Car Gurus and the "best deal" listings, you forgot to mention some dirty tricks some dealers pull to rank on top. For example, they will list a super low price and when the customer wants to buy it they add 1 to 2 grand on fees and extras that weren't listed in the ad thus making the REAL price of the unit way higher than what they advertise.
YES SIR! Every single stinking time we do trade-ins, we test drive their vehicle before we trade & "oh yeah, I forgot about that" or "it wasn't doing that before." I literally changed the oil on one just by adding their fluid until it reached the mark on the dipstick. They didn't know what that ticking sound was. LOL We let that one get away & shocked that they were able to pull off the lot.
Love the content!! My dad got me into buying from dealer auctions and I watch your videos to see what to do and what not do when buying and selling and what to look for. Just bought a new Toyota today and I am so happy coming from a cheap car to a newer reliable one. One day I want to have a dealership like yourself!!
I've purchased multiple vehicles from CarGuru, and none of them were the first listing. That said, I'm probably more picky than the average buyer. Multiple, clear, and detailed pics are very important, as well as a good description, especially in these current lockdown times.
I hate the listings where there’s only ONE picture and it’s at a cock eyed angle that you can’t even tell in what shape the vehicle is in, the description is only “price OBO come see it.” Like 😑
Thank you for putting these videos on here I have wanted to own a car dealership ever since I was a teenager and I am now in my mid fifties but I still have the dream.
@@bigturtle8875 I couldn’t figure it out for a few episodes. I knew he reminded me of someone and then it hit me. Maybe he waxes the cars with Tiege Hanley. That’s the secret to selling used cars at a high margin.
I really enjoy your videos. You keep it very real and share both the good and the bad. I’ve been in the car biz for 45 years and started my classic car dealership from a ‘66 Mustang GT Convertible. I made a huge mistake when I sold the dealership years later. I loved it! I’ve been GM of four top-20 dealerships and one of them was a Ferrari dealership. I’m enjoying your roll to turn $400 into a Ferrari. You’ll get there. My message is: They are not all the same. I’ve personally owned the lowest mileage Daytona Convertible, great car, and a 512 BB which I think is JUNK. Drives terribly. If I was going for a REAL Ferrari, I’d shoot for a 2003 F550 With the handling package. Drives great; V12; front engine; reliable; beautiful. Keep up the great work. Very informative and entertaining-to watch. Henly Magee
Nothing wrong with trading in a messed up car to a dealer when dealers sale messed up cars as well. I've bought many cars where hours later the check engine light comes on
Thanks this. We transport brand trucks. We need vehicles we can tow behind. It's called flat towing. Whit this knowledge I know where now how to buy .. We will be buying cars in North Carolina and Virginia. Great area of the country for vehicles that are not rusted out . We can afford to pay a little bit because it's worth putting money in mechanical repairs. Thank you for this because we can use it.
This channel is unique , its informative and it shows what he has to deal with to be successful where he lives. Thanks and congrats on the 100k subscribers. i stared simply looking for a decent truck for my son and now i watch every week..... lol....
I enjoy how you get straight to the point. I try to follow that approach as well. An educated customer loves it. Some want the car at KKB rough private party for no reason and want a 90 day warranty on top. Cant win em all but we never give up right?
carmax doesnt buy cars at retail. its actually impossible. They buy cars super cheap and then make money when they sell to wholesale dealers and then dealers have to make money when selling to the public.
Thinking about selling my 2016 Nissan Frontier and all your information was right on point, thank you. Just last month, I sold my 2010 Roush Stage 3 Mustang Conv and couldn't find an accurate value for it no matter where I looked. Should have given you a call! Another super informative video, thanks!!
Basically you've shown me how difficult it is to flip cars if you are an honest person. Any used car I've bought has been garbage. My new cars have been rock solid.
Im talking 89-93 but we would look the car up in the nada book (was expensive to get books every month) . Then we had a recent printed market report of actual car that sold that week (came over the fax machine from local auction ) i think you paid for that as well. So we would take the nada value and subtract the visual repair costs and compare that to similar car that went through the auction and come up with a price to offer on trade . We would then show the rebates off the new cars in the trade values.
Good luck! As he says, it's about what you buy it for as what you can sell it for is pretty well fixed. Just be careful, craig himself has been hosed by hidden issues with used vehicles.
I'm shopping for a new (used) truck right now. Got the wholesale / retail values down pretty good, I'm just picky in what I want to buy. Hope to end up with either a Dodge Dakota or a Ford F-150, around 2006 or so......
you do NOT want a 2006 F150.....specially with the 5.4L. Dont' just walk away, RUN as fast as humanly possible. I am speaking from experience. I'm on my 2nd (albeit used) engine in one...they are literally the worst engines ever sold. If you want to know more, just ask but also you can watch the car wizard's video on it.
Mmr is so irrelevant when it comes to cars because a car sold from a new car dealer / franchise as opposed to a LLC dealer usually has a few thousand dollar difference which can drastically drag down the average price. MMR is unreliable
Mmr is a report of actual sale. It doesn’t get more accurate. A real car sold to a real dealer for a specific price that will be marked up and resold. You can look at the average price of the info in each individual sale. Would you look at price guides like Kelley blue book they don’t tell you where they get their numbers how often they’re calculated etc. and they don’t stand behind those numbers so what they put out on the net is pretty much worthless. If you buy a vehicle for MMR you’re pretty much guarantee that you can turn around and make money on it or if you offer a car to a dealer for MMR you can be pretty sure that someone’s going to pay that and take the car off your hands
12:38 "It's not really what that car is worth, it's what dealers are paying for that specific car at that specific moment" You're the only one that has said what I've been telling people even last year. Too many dealers are putting too much energy on certain vehicles, so the 'MMR' value goes up because of that, but in reality it will be hard to get a significant profit selling it private party... In Chicago, these are some of the vehicles that dealers have been inflating at the dealer auctions(for whatever reason)...2010+ Buick Lacrosse/Enclave/Encore, 2010+ Chevy Equinox/Cruze, 2010+ Ford Taurus, 2013+ Ford Fusion/Escape, 2011+ Kia Optima/Hyundai Sonata, 2010+ Chevy Camaro, 2005+ Ford Mustang, 2008+ Dodge/Chrysler vans, 2010+ Dodge Journey/Durango/Jeep Grand Cherokee, most 2011+ Dodge/Chrysler cars with a 3.6L or Hemi engine...and the list goes on.
@@bebin73 the same vehicles sold for 50%-%100 less last year in April, than now. I.e., a 2010 Buick Enclave with sold to the public btw $3k to $6k last year. The same vehicle now sells for $4500 to $8k on the private party market(and most are being finance, not sold out right)... Whatever happens at the dealer auctions, it shows on the private party and retail market.
@@empirefoundation6328 Yes this is exactly correct what happens at the dealer auctions reflects on the retail market and also what happens in the retail market reflects on the wholesale dealer auctions. In the last year less people were driving less people have had money to spend so there were less trade-ins on new vehicles less purchases of new vehicles - so dealers who wanted to get inventory had to pay more for what was available ... supply and demand which means prices go up. and people who finance cheap cars were probably still buying because of their poor economic understandings which drove auction and retail prices up. There was a demand for cheap cars that could be financed or could be sold by here pay here.
Craig, you do an amazing job! So much incredibly useful information. But I'm not seeing how you could possibly be buying cars at auction, and then selling them at private party value with any substantial profit. Values from KBB "Private Party," aren't a good gauge, because KBB gets their "Private Party" values from what has been reported to the DMV. When was the last time a private party bought a used car and reported the *actual* sale price? Almost everyone who buys a car through a private party, only reports about a quarter of the actual selling price to the DMV, in order to save on sales tax. The *reported* sales prices are what Kelley Blue Book uses to compile their "Private Party" values, and probably 90% of the time it comes in way under the actual value of the car (usually thousands of dollars under).There are also other criteria that KBB uses, but it isn't enough to offset the huge gap between "actual" sale price, and "reported" sale price. I've found that when I list my cars at around "Fair Market Value" and try to sell on the lower end of that scale, I dont have to haggle much, and they sell pretty easily.
I'm super poor at the moment and I'm gonna start flipping cars. I have found a ton of $4-500 cars that I can make 1k profit on, where I'm from nobody wants them. Saving money at the moment :)
Be very, VERY careful!!! Fees will eat you alive!! Non crashed cars are at Copart/IAAI/ect cause no one in the auto industry can figure out how to make a nickel from them. You tubers doing auto salvage yard videos are for entertainment ONLY and I suspect are in cahoots with these sites!! Copart has a 200K car inventory..with possibly 20 good deals in it...good luck finding them!!!
@@1rvowl Thanks for the heads up. I'll go slow, but I gotta get around cars again and start making connections to get something going. Can't do everything I used to do, but want to re-fresh my skills for "looking" at cars. I now your right about "UA-camrs" and Copart.
Great info will be selling my 2015 Chevy Sonic myself rather than trade it in. Funny thing my Father was born in Manheim Pennsylvania very familiar with Manheim Auto Auction
3:00 The MMR for the past 2 months have been 'Booty booty butt cheeks'(for the most part) compare to the reality of what the same car(with mileage and condition)goes for(and actually gets sold for) on Craigslist and Marketplace.
That mother f'n Rona brings out some good one (both car and seller). For example.... A $1000 civic is being listed for $200-$2500. Irrelevant to auctions and dealer sales, but dealers make their money when they purchase the car.
I’m going to disagree that trucks and Corvettes are worthless during certain times of the year if you can buy Corvettes cheap in your area during the winter and sell them in Florida and Texas and in areas that are warm they have value ... same with trucks buy them cheap in Florida where nobody wants them and take them to Texas and sell them or sell them online or on OVE where you can get money for them. Buying and selling nationwide is simple anymore and it’s easy to get car shipped anywhere you need them to be
Under MMR cmon craig you know Carmax and carvana pay people MMR or within a few hundred of it on the retail-able cars,, under MMR is a thing if the past LOL. just buy little shy of market and sell at market is the lingo of today!
How about the bs charges. Like charging for air in the tires. Bs paper work fee's most car dealers are shady post a price online then you get to the dealership and its bs bogus charges
I'm interested in buying old trucks and SUV's in the south and selling them up north. Do older(1990's and 1980's) vehicles show up often? I'm not interested in anything much newer than that.
Hey, how to start flipping cars from the very beginning? I want to start doing that as a side hustle and maybe full time job if things go well. I would really appreciate your help!!
Question CraigI’ve been selling cars on the side for about a year , Is it best to re invest your profit into another car but newer and better or to put the profit away and just re invest your original budget ??
He's got a "challenge" going on how to turn a $400 initial investment into enough to buy a ferrari. He bought a junker for $400 and is flipping it up and up until he gets enough to purchase a ferrari. He sold it for $1600 and took that and bought 2 cars for $600 each that he is in turn going to sell for $2000 each, then take that $4000 and buy some more cars which he can sell at a profit to buy better vehicles. So, to answer your question: it depends. He's not taking his overhead out of the profit on the flips. He has to pay his staff, interest on any mortgages he has, property tax, corporate tax, his salary, etc etc etc. If YOU are just doing it to get yourself a decent vehicle, then that's different than operating a business. Here's an example: I run a small business. A buddy recently took it upon himself to tell me how to run my business. "you should make these" and then show me items I can't make any money on. One item? I had to invest $40 to make $10. It would take me at least a couple of hours to make so my income from the making of the item equates to $5.00 per hour. Making $5.00 an hour isn't going to pay my rent, insurance, internet, cell phone, maintenance, food, clothing, etc. I said "I'm not going to invest $40 of my money in material to only possibly make $10". It's not worth it. I'd be better off going to work at McDonald's for $14/hr with no risk. The products I DO make? My material cost is $20 and I sell them for $400 and I invest about 6 hrs into them.
Is there any money to be made in late 30's, 40's and 50's hot rod restomods? Ebay classics has hot rods from $14k to $24k. Is there a growing market in that?
I’m heading up to see family in Rye, New Hampshire and would love some tips and tricks on your flipping business. Where are you located and could we possibly meet up and talk?! Thanks !
I don't want to screw dealers but I also don't want to pay a ridiculous markup on a used vehicle. Just wondering what you consider a fair offer on a car in terms of dealer profit? Also how much does time on the lot figure in pricing?
What websites or apps I can use to check what’s going to be hot on the market and what’s not? If there isn’t anything specific then do I have to look up online and ask googles different questions to find out what’s hot in the market?
Great video Greg. At 7:40 when you talk about Car Gurus and the "best deal" listings, you forgot to mention some dirty tricks some dealers pull to rank on top. For example, they will list a super low price and when the customer wants to buy it they add 1 to 2 grand on fees and extras that weren't listed in the ad thus making the REAL price of the unit way higher than what they advertise.
YES SIR! Every single stinking time we do trade-ins, we test drive their vehicle before we trade & "oh yeah, I forgot about that" or "it wasn't doing that before." I literally changed the oil on one just by adding their fluid until it reached the mark on the dipstick. They didn't know what that ticking sound was. LOL We let that one get away & shocked that they were able to pull off the lot.
Love the content!! My dad got me into buying from dealer auctions and I watch your videos to see what to do and what not do when buying and selling and what to look for.
Just bought a new Toyota today and I am so happy coming from a cheap car to a newer reliable one. One day I want to have a dealership like yourself!!
Congrats on 100k! Been loving the videos!
Early congrats if you hit 200k on your UA-cam
Instablaster...
I’m a dealer out of Texas. I enjoy your show even though I know all your teachings in cars 😬. Keep it up 👍🏼
At the end of the video your son de-valued the BMW when he hit it with his bike. ;-] .... Looked like a hit and run!
haha, in part of my editing, I said exactly that. He didnt hit it though. Probably just a matter of time
I've purchased multiple vehicles from CarGuru, and none of them were the first listing. That said, I'm probably more picky than the average buyer. Multiple, clear, and detailed pics are very important, as well as a good description, especially in these current lockdown times.
I hate the listings where there’s only ONE picture and it’s at a cock eyed angle that you can’t even tell in what shape the vehicle is in, the description is only “price OBO come see it.” Like 😑
Thank you for putting these videos on here I have wanted to own a car dealership ever since I was a teenager and I am now in my mid fifties but I still have the dream.
When did Alpha M start selling cars? Thought all he sold was Tiege Hanley???
You know alpha has to start a new business every other year
Dude I have been saying for weeks that this man looks like Aaron Marino (alpha M).
@@bigturtle8875 I couldn’t figure it out for a few episodes. I knew he reminded me of someone and then it hit me. Maybe he waxes the cars with Tiege Hanley. That’s the secret to selling used cars at a high margin.
Buy at the lowest and sell at the highest and do the needed repairs to make it a top value deal
He must be doing something right, BMW, Audi & fifth wheel camper in his drive of a beautiful property!
Im not even a car dealer and I am attracted to this dudes videos like a damn bug lamp. I feel like I am learning so much. lol
Good video!!! Don’t always comment bc mostly watch your videos on my tv and can’t comment. Love the channel man!!
I appreciate that!
I really enjoy your videos. You keep it very real and share both the good and the bad. I’ve been in the car biz for 45 years and started my classic car dealership from a ‘66 Mustang GT Convertible.
I made a huge mistake when I sold the dealership years later. I loved it!
I’ve been GM of four top-20 dealerships and one of them was a Ferrari dealership.
I’m enjoying your roll to turn $400 into a Ferrari. You’ll get there.
My message is: They are not all the same. I’ve personally owned the lowest mileage Daytona Convertible, great car,
and a 512 BB which I think is JUNK. Drives terribly.
If I was going for a REAL Ferrari, I’d shoot for a 2003 F550 With the handling package. Drives great; V12; front engine; reliable; beautiful.
Keep up the great work. Very informative and entertaining-to watch.
Henly Magee
Nothing wrong with trading in a messed up car to a dealer when dealers sale messed up cars as well. I've bought many cars where hours later the check engine light comes on
Thanks this.
We transport brand trucks.
We need vehicles we can tow behind.
It's called flat towing.
Whit this knowledge I know where now how to buy ..
We will be buying cars in North Carolina and Virginia.
Great area of the country for vehicles that are not rusted out .
We can afford to pay a little bit because it's worth putting money in mechanical repairs.
Thank you for this because we can use it.
This channel is unique , its informative and it shows what he has to deal with to be successful where he lives. Thanks and congrats on the 100k subscribers. i stared simply looking for a decent truck for my son and now i watch every week..... lol....
Good stuff Craig - gonna file this away for review and resources. Thanks.
Your videos have me considering becoming a car junkie.
I'm a 55 yr old math teacher....
I enjoy how you get straight to the point. I try to follow that approach as well. An educated customer loves it. Some want the car at KKB rough private party for no reason and want a 90 day warranty on top. Cant win em all but we never give up right?
Car max gave me clean retail for my 15 ram cummins. Waited a few months and got 7k off my new f350. Love the show. Keep it up.
carmax doesnt buy cars at retail. its actually impossible. They buy cars super cheap and then make money when they sell to wholesale dealers and then dealers have to make money when selling to the public.
on lot ready cars they pay 1-2k over trade to snatch the cars! carmax is a beast
This was a very informative video. And you're almost at 100k subscribers, you rock!
Yay! Thank you!
Your youngun just scratched your car, right at the end there! 😂😂😂
Excellent tips and information to educate dealers and consumers,thank you!
Most of us common folks only have nada or KBB without having a dealer connection
Thinking about selling my 2016 Nissan Frontier and all your information was right on point, thank you. Just last month, I sold my 2010 Roush Stage 3 Mustang Conv and couldn't find an accurate value for it no matter where I looked. Should have given you a call! Another super informative video, thanks!!
100,000!!! Congrats dude. Keep churning them out
Basically you've shown me how difficult it is to flip cars if you are an honest person. Any used car I've bought has been garbage. My new cars have been rock solid.
Im talking 89-93 but we would look the car up in the nada book (was expensive to get books every month) . Then we had a recent printed market report of actual car that sold that week (came over the fax machine from local auction ) i think you paid for that as well. So we would take the nada value and subtract the visual repair costs and compare that to similar car that went through the auction and come up with a price to offer on trade . We would then show the rebates off the new cars in the trade values.
Very interesting!
One of your best videos!Thank you!
Transparency plus.
Absolutely correct on all points,thanks for all the information.
It's exactly what it says.
I have a question, how do you get a car lot and what classifies as a car lot and how much does it cost? Thank you for your time
Maryland has 15,000$ bond for 1-150 cars
Depends every state. Doesn’t take long to get everything going hardest part is probably getting your lot filled
Always spilling the beans 🙄
Hey Craig, just wanted to drop a comment and say I admire your business model. Keep it up man, you're killin' it!
Great video! Thanks for all the knowledge!
Pure gold man I’m trying to sell my first flip car right now hopefully on to big and better
Good luck! As he says, it's about what you buy it for as what you can sell it for is pretty well fixed. Just be careful, craig himself has been hosed by hidden issues with used vehicles.
many times
thank you for dropping these videos. looking to buy my first auction car in february to start my business
I'm shopping for a new (used) truck right now. Got the wholesale / retail values down pretty good, I'm just picky in what I want to buy. Hope to end up with either a Dodge Dakota or a Ford F-150, around 2006 or so......
you do NOT want a 2006 F150.....specially with the 5.4L. Dont' just walk away, RUN as fast as humanly possible. I am speaking from experience. I'm on my 2nd (albeit used) engine in one...they are literally the worst engines ever sold. If you want to know more, just ask but also you can watch the car wizard's video on it.
I'm trying to get my dealers license as we speak. Flying wheels
Mmr is so irrelevant when it comes to cars because a car sold from a new car dealer / franchise as opposed to a LLC dealer usually has a few thousand dollar difference which can drastically drag down the average price. MMR is unreliable
Mmr is a report of actual sale. It doesn’t get more accurate. A real car sold to a real dealer for a specific price that will be marked up and resold. You can look at the average price of the info in each individual sale. Would you look at price guides like Kelley blue book they don’t tell you where they get their numbers how often they’re calculated etc. and they don’t stand behind those numbers so what they put out on the net is pretty much worthless. If you buy a vehicle for MMR you’re pretty much guarantee that you can turn around and make money on it or if you offer a car to a dealer for MMR you can be pretty sure that someone’s going to pay that and take the car off your hands
12:38 "It's not really what that car is worth, it's what dealers are paying for that specific car at that specific moment" You're the only one that has said what I've been telling people even last year. Too many dealers are putting too much energy on certain vehicles, so the 'MMR' value goes up because of that, but in reality it will be hard to get a significant profit selling it private party... In Chicago, these are some of the vehicles that dealers have been inflating at the dealer auctions(for whatever reason)...2010+ Buick Lacrosse/Enclave/Encore, 2010+ Chevy Equinox/Cruze, 2010+ Ford Taurus, 2013+ Ford Fusion/Escape, 2011+ Kia Optima/Hyundai Sonata, 2010+ Chevy Camaro, 2005+ Ford Mustang, 2008+ Dodge/Chrysler vans, 2010+ Dodge Journey/Durango/Jeep Grand Cherokee, most 2011+ Dodge/Chrysler cars with a 3.6L or Hemi engine...and the list goes on.
exactly
Not for whatever reason. It’s the price range they sell in.
@@bebin73 the same vehicles sold for 50%-%100 less last year in April, than now. I.e., a 2010 Buick Enclave with sold to the public btw $3k to $6k last year. The same vehicle now sells for $4500 to $8k on the private party market(and most are being finance, not sold out right)... Whatever happens at the dealer auctions, it shows on the private party and retail market.
@@empirefoundation6328 Yes this is exactly correct what happens at the dealer auctions reflects on the retail market and also what happens in the retail market reflects on the wholesale dealer auctions. In the last year less people were driving less people have had money to spend so there were less trade-ins on new vehicles less purchases of new vehicles - so dealers who wanted to get inventory had to pay more for what was available ... supply and demand which means prices go up. and people who finance cheap cars were probably still buying because of their poor economic understandings which drove auction and retail prices up. There was a demand for cheap cars that could be financed or could be sold by here pay here.
Very informative video, thanks.
Your best video yet
Craig, you do an amazing job! So much incredibly useful information. But I'm not seeing how you could possibly be buying cars at auction, and then selling them at private party value with any substantial profit. Values from KBB "Private Party," aren't a good gauge, because KBB gets their "Private Party" values from what has been reported to the DMV. When was the last time a private party bought a used car and reported the *actual* sale price? Almost everyone who buys a car through a private party, only reports about a quarter of the actual selling price to the DMV, in order to save on sales tax. The *reported* sales prices are what Kelley Blue Book uses to compile their "Private Party" values, and probably 90% of the time it comes in way under the actual value of the car (usually thousands of dollars under).There are also other criteria that KBB uses, but it isn't enough to offset the huge gap between "actual" sale price, and "reported" sale price. I've found that when I list my cars at around "Fair Market Value" and try to sell on the lower end of that scale, I dont have to haggle much, and they sell pretty easily.
Never in the car sales business but I've been a mechanic for forty five years I would never have bmw range rover or vw on my lot
Another banger! Thanks bro!
Thank you SIR!!!
Thank you Craig. This was just a wholesome vehicle guru breakfast. Thanks. Very easy to understand and complete video.
Thank you for this information.😊
I'm super poor at the moment and I'm gonna start flipping cars. I have found a ton of $4-500 cars that I can make 1k profit on, where I'm from nobody wants them. Saving money at the moment :)
If nobody wants them, how are you going to sell them at a profit?
@@muskokamike127 They have minor faults and are dirty, thats why no one bothers. I will fix them and detail them for profit.
Anything under $4k you should be able to double your money on
Congratulations on 100k!!!
Can't believe you didn't make money on that Tundra. The probability was small.
Excellent video!
Wow that's awesome business value
Love your channel and the information you share. Keep it up
Very much valuable information!
Just signed up with Copart, but can't buy here in FL. (I knew this) Little by little as money frees up I'll sign up with a broker.
Be very, VERY careful!!! Fees will eat you alive!! Non crashed cars are at Copart/IAAI/ect cause no one in the auto industry can figure out how to make a nickel from them. You tubers doing auto salvage yard videos are for entertainment ONLY and I suspect are in cahoots with these sites!! Copart has a 200K car inventory..with possibly 20 good deals in it...good luck finding them!!!
@@1rvowl Thanks for the heads up. I'll go slow, but I gotta get around cars again and start making connections to get something going. Can't do everything I used to do, but want to re-fresh my skills for "looking" at cars. I now your right about "UA-camrs" and Copart.
Great info bro, thanks the insight. All the best with your business.
Great info will be selling my 2015 Chevy Sonic myself rather than trade it in. Funny thing my Father was born in Manheim Pennsylvania very familiar with Manheim Auto Auction
3:00 The MMR for the past 2 months have been 'Booty booty butt cheeks'(for the most part) compare to the reality of what the same car(with mileage and condition)goes for(and actually gets sold for) on Craigslist and Marketplace.
BIG FACTS BRO
That mother f'n Rona brings out some good one (both car and seller). For example.... A $1000 civic is being listed for $200-$2500. Irrelevant to auctions and dealer sales, but dealers make their money when they purchase the car.
Great vid man, so much helpful tips
Happy Holidays and congrats for over 100K subs--- thanks for the great content
Dope insights💯💯💯💯💯💯
I don’t really subscribe to peoples channel but I will to yours because I sell cars here and there.
Wanted to say thanks for the info, I’m a 15 year old car flipper, and also have a 2009 Audi A5, wanted to find what I should sell it for.
How many miles
@@joshdanial8945 111,000
Do you have a dealers license
@@NickSiebecker how in the hell would a 15 yr old have a dealers license
I’m going to disagree that trucks and Corvettes are worthless during certain times of the year if you can buy Corvettes cheap in your area during the winter and sell them in Florida and Texas and in areas that are warm they have value ... same with trucks buy them cheap in Florida where nobody wants them and take them to Texas and sell them or sell them online or on OVE where you can get money for them. Buying and selling nationwide is simple anymore and it’s easy to get car shipped anywhere you need them to be
Your Almost at 100k. Your on 🔥🔥🔥🔥
It’s a specialty car
Why not buy a home large enough to sell cars out of? A good 10-15 acres and you’d be set with virtually no overhead.
Great video 😊
Thank you :)
100k subs - congrats 👍👍👍
Great video! Keep it up...
Thanks!
Retail market for suppliers at places like Walmart cannot be correlated in any way to the car market.
Great vid, very informational. I wonder if dealers have a “special” kbb or nada book... or do they use the same one that everybody else uses???
Under MMR cmon craig you know Carmax and carvana pay people MMR or within a few hundred of it on the retail-able cars,, under MMR is a thing if the past LOL. just buy little shy of market and sell at market is the lingo of today!
Check you’re camera settings, it has a stutter or invest in a better one. 👍
How about the bs charges. Like charging for air in the tires. Bs paper work fee's most car dealers are shady post a price online then you get to the dealership and its bs bogus charges
I'm interested in buying old trucks and SUV's in the south and selling them up north. Do older(1990's and 1980's) vehicles show up often? I'm not interested in anything much newer than that.
Craig love your videos, but for the love of god change your smoke detector batteries!!
😅🤣I dont even notice it
I stopped the video bc I thought one of mines was running low on battery!
Fantastic channel
Does any use Edmunds guide any more?
Profit is made on the purchase.......B I N G O
I just want the dsm in the garage.
my baby :)
Great stuff
When is the best time to buy a 2-Door Wrangler JK ?
Hey, how to start flipping cars from the very beginning? I want to start doing that as a side hustle and maybe full time job if things go well. I would really appreciate your help!!
whats your average turn around from buy to sell? i understand every car is different but just want a rough guesstimate if you would.
Probably $2200 a copy
Time or money?
Question CraigI’ve been selling cars on the side for about a year , Is it best to re invest your profit into another car but newer and better or to put the profit away and just re invest your original budget ??
He's got a "challenge" going on how to turn a $400 initial investment into enough to buy a ferrari. He bought a junker for $400 and is flipping it up and up until he gets enough to purchase a ferrari. He sold it for $1600 and took that and bought 2 cars for $600 each that he is in turn going to sell for $2000 each, then take that $4000 and buy some more cars which he can sell at a profit to buy better vehicles.
So, to answer your question: it depends. He's not taking his overhead out of the profit on the flips. He has to pay his staff, interest on any mortgages he has, property tax, corporate tax, his salary, etc etc etc. If YOU are just doing it to get yourself a decent vehicle, then that's different than operating a business.
Here's an example: I run a small business. A buddy recently took it upon himself to tell me how to run my business. "you should make these" and then show me items I can't make any money on. One item? I had to invest $40 to make $10. It would take me at least a couple of hours to make so my income from the making of the item equates to $5.00 per hour. Making $5.00 an hour isn't going to pay my rent, insurance, internet, cell phone, maintenance, food, clothing, etc.
I said "I'm not going to invest $40 of my money in material to only possibly make $10". It's not worth it. I'd be better off going to work at McDonald's for $14/hr with no risk.
The products I DO make? My material cost is $20 and I sell them for $400 and I invest about 6 hrs into them.
original budget is fine
Is there any money to be made in late 30's, 40's and 50's hot rod restomods? Ebay classics has hot rods from $14k to $24k. Is there a growing market in that?
I’m heading up to see family in Rye, New Hampshire and would love some tips and tricks on your flipping business. Where are you located and could we possibly meet up and talk?! Thanks !
guess not !!
I don't want to screw dealers but I also don't want to pay a ridiculous markup on a used vehicle. Just wondering what you consider a fair offer on a car in terms of dealer profit? Also how much does time on the lot figure in pricing?
Buyers are liars - that goes both ways when at a car lot.
Hey Craig, Do you use Floorplan Companies?
I dont
He’s said in multiple videos, everything he buys, he buys with his money. No floor plan.
Fees are too high. Plus they can take everything you own if they default. They are like the mafia.
Why is your inventory at your lot so low now? Is that why you are filming from home?
If someone buys a car for more than its worth just because joe blow did there called all day suckers
What websites or apps I can use to check what’s going to be hot on the market and what’s not? If there isn’t anything specific then do I have to look up online and ask googles different questions to find out what’s hot in the market?
Back in the late 80s and 90, most everything was 1000 dollars less than wholesale trade in blue book value.