Can we buy a Clean Drive-able car for $1000 at a Dealer Auction ? - Flying Wheels
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- Опубліковано 27 сер 2024
- Can we buy a clean driveable car for $1000 at a dealer auction or are they all ready for the junk yard?
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Nissan 370z Lincoln Town Car Cartier 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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you hate selling cheap cars? dude you LOVE cheap cars lol. You love bringing em back and doubling your money! Seriously, sure, exotics and high end are "fun" but I see you when you clean up a pig and it turns out great. You get stoked.
What you DO hate was when German made more money than you on your cheap cars though hehehe
@@muskokamike127The bad part about cheap cars is dealing with the people buying the cheap cars. Sub $3k, people are really difficult to deal with.
@@mph5896 Sometimes yes. But craig has shown repeatedly that he makes MUCH more selling 5 cheap cars than 1 expensive one. I think he only made $800 on his Bentley and maybe $1000 on his astin martin. German made 3x that on ONE of his beaters.
If he puts $500 into that lincoln, be paid $1200 for it. If he can sell it for $3000 he's doubled his money.
Not to mention there are more people looking to buy decent cheap cars than there are looking to buy $25000 cars. Specially now with the economy being in the dumpster.
Now craig doesn't tell us about EVERY car he sells, but the ones that he has? He makes a much better ROI on cheaper cars than $15K + ones. If he buys 10 cars worth $1200 he spends about $12,000. He bought ONE SUV in this video for $12K. Now on those 10 cars, he'll make $2000 each. That equals $24K profit. He said he "might" be able to sell that $12K chrysler for $20, he'll make $8K on it. Do you think it is better to make $8K or $24K?
Now he wont' get $20K on that chrysler. A flood car is worth about half what a non is. If it's listed at $30K "good" he'll be lucky to get $15K flood.
I will admit I'm not in the car biz but I have been in sales for the better part of 30 years. It's all about cash flow and ROI and turnover.
@@muskokamike127 Car business has some differences over other sales areas. Craig is limited on how many units he can move each month based on his ability to buy, get them ready, inspect them, and physically sell them. It's not an infinite number.
The specialty items he is purchasing like the Bentley is a toy for himself that costs him no money out of pocket. He can buy said toy, drive it until he is tired of it and still break even or even show he made a little $ off it.
His bread and butter is the $15-20k trucks and suv's. This is based the his region he is in. Plus he is looking for higher mileage fancy "budget" $15-20k trucks/suv's , so the buyers can have what the rich are paying $60-100k for. And getting them financed to boot.
Craig has explained MANY times why cheap cars are a pain. First thing is, they are old. In his region old usually equals rust. So more rust to deal with including underbody. Old usually also equals neglect or not repairing items for years and having multiple problems building up on cars. That $1k car might have 5 fairly major things wrong with it. In an area like his that requires inspections, all 5 of those items might have to be repaired at a cost that exceeds the cost of the car.
Plus "cheap" attracts people that have little to no money. A $2,000 car might be a persons entire life savings to buy that car. When that 15 year old car breaks in a month, they are all up in Craigs business demanding this and that even though it was sold "as-is". If you are paying somebody else to fix your car, stuff is VERY expensive. My neighbor Brought her car to the local Subaru dealer for a look over. They quoted her $5k for some repairs including wheel bearings, tie rod ends, timing belt service and valve cover gaskets. Sure, a non dealer might be cheaper, but still prob close to $3k.
In addition, budget buyers expectations are VERY high. That $2k car is going to have cosmetic and some mechanical issues that these buyers nitpick.
His ideal purchases to maximize moving cars are the units that need little to no work. That way his time can be utilized to move other stuff. That Yukon, if it just requires a drop-off to the detailer and an inspection with little to no repairs. That is going to be MUCH quicker over that Lincoln that might need 3-4 items repaired, paint correction of the body, sourced a worn out interior part such as a seat cover and exc... The ROI at a pint does not matter since he is limited to how many units he can blow through. He operates on all cash, so everything he has is his money. Lets say he has $200k of inventory he is sitting on, making 100% roi on a beater is no different over making the same amount of $ on a $15k car. Which ever unit is easier to prep and sell is the winner in that scenario.
The average person doesn't have access to dealer only auctions, so paying $1,000 for a halfway decent car is in the realm where there may or may not be a lion, witch, and a wardrobe. How much do those with dealer licenses pay for brand new regular cars that are being sent to auction by dealerships to make room for 2023 inventory? For example, how much would would someone who can participate in dealer only auctions expect to pay for a 2022 Chevrolet TRAX base model with MSRP of $26,529 with less than 1,000 miles?
Don't trash the Lincoln. ALOT of older people are REALLY feeling the inflation and need solid reliable transportation. The Car Wizard loves all these Panther chassis Fords. Clean it up, service it and make someone happy.
Maybe fix it up, find an elderly couple in need of a car and donate it to them? That would be a good video. Then tell the couple to watch Scammer Payback so the don’t fall for anything.
As a 20 year Florida resident who sees too many of these driven by seniors, they shouldn't be driving a V8 powered vehicle where they can't see the corners.
Agreed. Don’t trash it. Someone would love to buy it.
As one of the older folks on a limited budget I would kil for that lincoln. Especially since my truck died Saturday and not sure i can afford to get it fixed. So yeah he should just sell it. I would 100% buy it if I had the cash.
Great car for people that are very heavy. I am a very big man and loved my 2 marquis
Craig, it’s a nice car, just sell and let the new owner be so proud of it
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It's good to see the car prices getting back to normal at the auctions but it may take a little longer to see realistic prices on Craigslist. Always enjoy your videos here in the sunny south.
Gotta find a real businessman a Bosnian or something 😂 bought a BMW 325i for $1200 my first car
Buying cars off of Craigslist is a great way to get ripped off or murdered.
Your wife is a smart lady and a perfect example why we don't need all this touch screen and distracting things on cars.
AGREE! 👏
Can’t you just install those afterwards?
Agreed 100%
Always nice to see a car like that fixed back to factory I would make it clean and keep it original. It’s nice car as Lincoln intended.
Gotta love it when a UA-camr listens! Video feels much better without all the constant pop up sounds! 370z is a nice find! Didn’t knew about the gear selector button, 350z didn’t have it. Lincoln is boring, I say fix it, clean it, and sell it! Great vid!
That button is the on/off button for the rev match feature, I don't think it's a on/off feature for the gear selection display, I have a base model without rev match but from forums posts on reddit under /370z this is my understanding of that function.
Good ol poverty panther platform. Glad I found the channel as a life long car business guy who's spent life times watching auctions. Always fun to watch others do it.
I'd be checking that 370z to see if it's been turbocharged. They were really popular to mod, and the turbo sits way down in there and is easily overlooked
Fun fact these cars are still VERY popular in today’s car market. 370z, 350z, G35, G37 are all extremely common coupes.
@@mikeytunsfacts especially the 370z they hold value pretty well
They going for 20,000. -25,000 now
Cheers to Papa Al .. Always great to see him, He's a great guy, and he has a T-Bird,that i love, leave the Lincoln the way it is, what do i know I'm 75..lol
From being a wholesaler for 25 years ,you know what the wife wants ? Just a nice reliable vehicle. As much as you love buying and selling ,and surprising the wife with a new vehicle ,they hate it with a passion
Hi Craig, very big fan of Flying wheels. Very telling how you respect your employees, you’re an inspiration to me. I’m a dealer in Florida and I learned a lot from you. Thank you 🙏
Auction day videos are my favorite. Followd by the videos of you getting them ready for sale.
I tried to go legit selling used cars, but it's more of a pain in the ass then it was worth. The dealer auctions would have been nice, but there's deals to be had with public auctions and repairables. A lot of them are worth more parted out, and I figured out how to title cars in different states so I never go over the yearly allowance (which is 5 in my state). Between the loopholes in Vermont, South Dakota, and my home state I can flip 27 cars on paper myself, my brother lives in a different state so I can title 6 there a year and a lot of them I just jump the title. I don't sell a car more than every 2 weeks anyway. Probably a wash leaving the government out of it and I haven't had an issue in the last 3 years since I started doing it. Advertising is cheap online, free in most cases so unless you want a corner lot to sell off of, no reason to go legit.
I would like to learn your method of selling cars..
Your a smart guy brotha
What are the loop holes?
How do you jump title
@@JamaicanMillionaire Jumping the title just means buying and selling without transferring it into your name. The owner selling it to you just signs the title and you sell it again with that same title.
I bought a 2003 corolla s in 2006 from lousiana with a salvaged flood title. The car has zero problems for 10 years before I sold it for the same price I paid for it.
What can I say your content keeps getting better,great to watch thank you
A update on the Pacifica after you go through it would be very interesting!!
Great deal on the 370z, those cars hold their value well
Clean and sell is my opinion. Good score on the 370z!
I've been driving rear wheel drive most of my life. I currently own front wheel drive, rear wheel drive and 4 wheel drive vehicles. Putting the 4 wheel drives aside, I much prefer rear wheel drive in inclement weather (rain, show, mud) over front wheel drive.
My mom and dad had that exact Lincoln. I remember in 2002 when he surprised her with it. ❤️
What a great car to find at auction Craig and for a guy like me who is in a wheelchair and on a budget that LTC is an awesome deal , thanks for the great content my friend 👍
Stay honest to the Lincoln. Dress it up and sell to a person that needs a quality car for a reasonable price. something that is desperately needed and, as you've said, has been a rare find in the last couple of years
Completely agree
Not a bad looking town car... Made some good purchases
Pop's is back bless him coolest Gramp's ever i.lost mine when I was 6 six you're blessed man.
That Lincoln is good was used for taxi I own 1 for 5 Year 1999
Very good except in snow
But soft ride like boat
Love these weekly market updates 🔥
suzuki sx4 manual blue 2012 all electric and fob wireless start thats my car crazy one showing up there as im in the uk and here they are quite the rarity on the roads here and its still worth £3-4 grand here for a clean version mot with no minors or dents so its lovely to see one here anyway my first comment on your channel i subbed through the scam vids keep growing you seem a good bloke so keep grinding mate
Spent 50 years going to car auctions. Seen it all and dont miss it!
super clean, would clean it up and sell it
I can certainly see how margins can be really tight on a $1k car if larger repairs are needed. I wonder if it's a problem with the alternator.
I've owned an Auto detailing shop for 20 + yrs!!! Life is Great!!!❤ I'm So happy I QUIT detailing vehicles for the foreigners!!! Junk! Flood cars!! Never want to pay more than $100.00 for a Complete Detail!!! I quit working on their junk years ago!!!God bless you Flying Wheels ❤
Craig I learn a great deal from your videos I appreciate the time you take to make them! Wishing you and your family a Very Joyous Holiday season!
Fix it up...clean it up.....someone will get a great daily driver.
I’ve never considered going to an auto auction. I need to get a cheap commuter car. I could care less what it looks like.. just need good gas mileage and reliability. This video helped me a lot. I am pretty much looking for the same deal!
That's just it too. Had to fight the junkyards for some of the cheaper cars the last couple years. Now that things are getting plentiful at the auctions again this should be our time to shine again. I'm steady looking for neglected Saabs with good bodies to fix up with my dad so fingers crossed the prices stay low.
I'm late to this conversation but if you still have the Lincoln I say you sell raffle tickets and give it away.
From watching your videos it's clear you are good/fair to your local community.
Hopefully someone who really needs a solid car but can't afford one would end up with it. At least it could be marketed that way?
Plus I think it would make a good video.
That Buick is a great car! Very very very reliable and fast seller 💨
370z was an absolute steal! I love these cars and that will go for 15k in a single day let it sit for a few months and 17k
That was a sickening good steal of a buy on that Limited Pacifica!! I drive a flood car that had 500 miles on it and was brand new from a dealer flood. All it had done was cleaned!
When I listen at 2x you’re perfectly legible and have a ton of information and kind of takes the long winded ness out.
Lots of good onfo
You should practice safety on the auction lot, going a little quick in that Z!
Where I live, they would bust your nuts for going faster than 10mph.
Chill karen
Holdup, that 03 camry sold for $475... I own a 03 camry I just bought in April and I paid about $5000 for it... Guess I'm riding it til the wheels fall off.
At least you’re saving gas
@@rollospeakstruth4313 Except I average 20 mpg...
@@JK-tu1xx no way I average 16mpg and I drive a v8 truck you have a 4 cylinder, something ain’t adding up
@@rollospeakstruth4313 It's old, burns a good amount of oil, has a lot of sticky parts that need to be fixed up and add to the resistance.
My list of LESS THAN $1,000 cars from Copart auctions:1985 Oldsmobile Toronado - $625; 2002 Oldsmobile Intrigue GLS - $550; 2006 SAAB 9 5 - $600; 2006 Pontiac Bonneville SLE - $850; 2002 Cadillac Eldorado ETC - $325; 1983 Cadillac Eldorado Biarritz - $225.
Pretty kewl, thx for the trip to the auction! Man they sure are making life nice for the soccer mom's now a days, that van was beautiful.
Need a couple 2x6's would have kept the bumper on! I had a 05 G35 Coupe 6sp, besides the quart of oil a week it burned it was an awesome car. I bought it for 15k with 63k miles drove it 4 years sold it for 5k to a guy at work 2 years later bought it back for $2,500 sold the next day for $3,500 to a kid trying to flip cars. He installed a new clutch that threw 9 cel codes and wouldn't run right. Bought it back from him for $2,500 he bought the wrong clutch kit, put stock flex plate back on and sold it for $5k bought and sold the same car 3 times! LOL should have kept it and just LS swapped it.
Great editing craig. Thank you for listening. :)
Full hydraulics on that Lincoln. 3 wheel, front hop, back hop; all of it.
When I was 18 or so I bought a 2001 Chevy luminary for $260 total. Nobody wanted it because it wouldn't turn on but my then-boyfriends buddy brought a battery pack and charged it up enough for it to turn on. Zero problems with it! I finally traded it about a year later for a Camry my dad bought for me as he wanted the lumina for his friend. Though I also didn't take care of if since it was so cheap which I definitely regret. Either way I loved that car and it was an amazing deal!
Ms. Anna is legit and her method works like magic. I keep winning every week with her new strategy.
She is truly amazing with her skills. She changed my 0.5btc to 2.1btc.
I think I am blessed because otherwise I would not have met someone as spectacular as the expert Ms. Anna
I think she is the best broker I have ever seen.
I also trade with her and earn $2600 per week. My whole family traded with her and made a profit.
Please how to start with Ms. Anna??
I always wonder how she gets her analysis, I got a profit of $28,609 with capital of $4,000 in 16 days of trading with her.
Just sell it its lovely the way it is
My family had a Denali with the 6 of us we used it to haul the Boat we got it detailed and then the week after it got picked up and totaled by a tornado.
These are my favorite videos as a new dealer starting out
I think most people are here for tips on buying and selling cheap cars . I watch all the videos EXCEPT the ones where you cut the roof of SUVs or adding cutouts to the exhaust. Just my opinion
Donate it Craig!! It's the season!!
If you're not going racing with Cleetus, just flip the lincoln. It's too nice to trash IMO.
The Lincoln is the is the best buy on this video.....that engine is AMAZING, 173,000 miles is nothing on this beautiful car......love your videos.
Hey Craig, nice video, keep up with the great auction content… You mentioned in one of your videos that you’re buying from ACV Auctions, what are your thoughts about them/ car prices, fees etc? Thanks.
I use them all the time for buying and selling
I’d just fix and sell the Lincoln
DETAIL THE LINCOLN PUT IN A BATTERY AND GET $3500 FOR IT!!
THESE CARS ARE WONDERFUL.i USED ONE IN MY TAXI BUSINESS. IT ONLY
REQUIRED OIL CHANGES EVERY 8000 MILES AND TIRES AT 60 K.
NEVER A MECHANICAL PROBLEM. SOLD IT TO A FELLOW CABBY HE STILL
USES IT AND LOVES IT
I'VE OWNED 14 LINCOLNS!!! ABSOLUTELY LOVE EM!!!❤ Even sold em at the Lincoln dealership!!!
You paid $1,000, I have $1,200 that’s burning a hole in my pocket, what do you say I come pick it up and save you the trouble and all that hard work?…
I'd sell the Lincoln...it's a classic that should not be altered...plus money is king...lol
Yea, put your quest for money and clicks on the back burner for now and clean it up and DONATE it to an elderly family of veteran in need for the holidays! 🎄🎅
This is amazing. I didnt even know they were selling cars at these prices.
Make the Lincoln turn off the background music, then fix it, clean it and sell it.
I think something that would be cool is if you parted the Lincoln out to see how much profit you can make doing that angle as well. Also love the videos Craig keep it up!!
I vote sell for profit. Having owned a town car they will always be in my heart. Let a kid enjoy it
As he opens the hatch on the flood minivan and the frog jumps out !
Don’t mess it up
Keep it stock and original
For the Lincoln, make it roadworthy and donate it to a family in need.
I Couldn't think of something more beneficial than that. Noteworthy idea right here
Low rider for sure. Maybe a couple of switches. The youth would love it. LA custom style Dayton wheels 🛞
Wow! I think you really really scored on the Chrysler Pacifica!
Price in Canada 37k
@@darrenmahabir6510 Yes but with our exchange rate that’s about 27,000 usd. Still a great buy though.
I bought a 2004 Pacifica limited in perfect condition with 200,000 miles at an auction for $300 tires looked new etc etc looked like it had 50k miles.
It needed one sensor for $20 bucks
It's that time of year to be Santa if your able. A 1k car may feel minor to you, however huge to others
Flood damage cars a big risk. Months later electrical problems can arise from corrosion.
I have an 05 base model mercury grand marquis 270k miles runs like a starving cheetah. No lights on steers stop and drives str8. That Lincoln should be a great car👍🏿
Thanks for mentioning and giving a little intel on the mustangs at the auction. I've been on the hunt for a coyote engine mustang for a while I prefer the s550 but I would take a s197 if it was a killer deal. The hunt continues thanks bro!
Look at new s550’s sometimes there’s promos and deals. Got my 2020 GT for 36k CAD new
@RiceRocket that's cool but I HATE payments I want to pay cash. I want my car to be mine not the banks it feels much better.. I have a friend who does what this bro does he's been doing it for like 20 years so I'm gonna have him be on the lookout for me at the auctions.. I have the cash to buy pretty much any mustang I just love best bang for your buck deals so I'm waiting till I find my sick blessing deal it's coming soon I can feel it in my bones. The prices are falling and falling..
I found a buick like that about a year and a half ago when car prices were ridiculous.
It was immaculate with 50k miles and like a 2004 or so.
They wanted like $4200 and it sat there for a year lol.
So although it was in beautiful condition, most kids looking in that price range are not willing to be seen in such a monstrosity of a vehicle, which is truly a shame.
The Pacifica is a gamble and is a ticking time bomb. Never buy flood cars. You'll never know when the electronics will fail due to acids in the flood water eating away at the circuit boards.
Craig you got a steal on that Lincoln Cartier Town Car! Just clean it and sell it!
I like the comment you made at the end about what you would list it at and what you would probably end up getting for it. Seeing these auction prices and then what local dealers are asking there is a big gap even after accounting for reconditioning. They are taking a risk and have to make a profit but some of the asking prices are crazy on 15 yr old high mileage cars and I wonder what they end up getting for them.
Bare in mind that auction prices are just now starting to come down. For the past few years these cars were going for double at auction. So even more on the lots. This is going to really start hurting dealers as he mentioned early in the video. They bought it for $2500 6mo ago, tried to sell it for $4000, but now it's only worth $2500 (at best). So do you take a loss, or hold it forever. Not great choices. I'd feel bad for dealers, but most are so shady I can't seem to find an ounce of sympathy... lol.
Lots of Buy Here Pay Here outfits jack up prices on these cars because it's all about monthly payment to those buyers.
Ha, trunk trick was great! You picked up some good deals! Sell the Lincoln, you stole it!
I love that 370 Z !!! Great video !!!
Love that 370z that’s a big score!
Do you think buying from an auction could be viable for a personal car ?
Well I'm glad to hear Craig's wife is easy
Can’t hear you over the auction. But a headset mic for when you’re that close to auction.
Throw some Triple Gold Dayton’s on it with it sitting on Vogue Tires, and then put Hydraulic’s on it. Make sure to put SS on the back window (it doesn’t stand for Super Sport) and then put it up for sale at around $8-$9k and u make a FEW Thousand on it and u definitely made the Buyer Very Happy and they will always come back!! I’m an owner as well and people are buying those “Old Schools” again!! Getting back into the car shows to see whose care can bounce the highest. It’s crazy, but give the people what they want
I wish I could find cars this cheap and good in my country T.T
Did you try to jump start the Escalade?
It looks great and people purposely leave stuff on to kill the battery on vehicles they want hoping to get them cheaper (I'm sure you know that but I'm surprised you don't Carry a jump box)
And it looks way to nice to cut the roof off if as you said they are Great vehicles!
Good stuff Craig loved the 370Z buy! Easy $15k
I think you should just get her clean and give her a new loving home. She looks in pretty good condition. Someone will appreciate that vehicle even with the high miles. Those motors are bulletproof with normal service.
Hei, Craig, now that the prices are stsrting to come down, would you consider restarting the 400$ to a ferrari/supercar challenge? To be honest, 2nd episode of this challange was recommender by youtube and i stayed since, but, i'd like to see you take another chance at it with a more normal car market.
Sell the Lincoln Make the money ...
paid $750.00 for 2009 subaru Tribeca with 200k and all lights on, flashing cruise, turned out the guy scrapped it because he was told it needed cats, the real problem was wheel speed sensor, $24.00 and all lights off. it was from a scrap yard.
If it's a good unit sell it and let a low budget buyer get good use of it
Sell it!
clean it and sell it !
You scored on the 370z! As a car enthusiast. That’s a steal!! You can sell em’ out here where I’m at for $15k!
I'll save you the time on trying that lighting the awnser is no you can't tow all day