Turning Junkers into Jackpots: How you can flip cars too!
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- Опубліковано 28 чер 2024
- I'm spilling the beans on how I pocketed a cool $20k flipping just 4 cars - and guess what? I'm sharing all the tips, tricks, and inside this video that turned my garage into a cash-making machine. 🛠️💰
In this car-flipping guide, I'll decode the best deals, help you avoid pitfalls, and encourage you to do it for yourself also! Don't forget to drop your comments.
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Email me: george@georgeauto.com.au - Авто та транспорт
I have done this over the last 10 years, and it has paid for all the tools I need to do the cars I will keep later. I buy accident-damaged cars (minor damage). Over that time, I have averaged doubling my money. It is risky and have been burnt on one or two. It's a good feeling to bring something back to excellent condition instead of being scrapped.
were they repairable write offs or clean title? was looking at doing the same but don't you need a mechanic qualification to repair them?
@@anthonyforti7656 Just seen your comment, sorry for the late reply. I am in Western Australia each state or country has different regulations. But for here the cars were written off by the insurance companies. You only need to jave a certificate for airbag resets on the cats ECU/PDM. I jave to provide all documentation of parts replaced for the repair and if second hand parts are used the vin number from that car with a written receipt. List all stwps taken for the person inspecting the vehicle and as many photos as possible through out the repair. Major damage they would like to see all bare metal in an inspection if you haven't been through the process before. The sign a statutory declaration witnessed by a JP or any signatory to state you are responsible for all repairs. To inspect and road worthy is about 480 dollars. The licence on top of that to be road legal again.
I love seeing stuff like this where everyone benefits. The seller makes profit money and the buyer gets a good car and the environment benefits by keeping a car on the road rather than junking it for a new one. Win win all the way.
That’s it man , any deal in life that is win win for everyone is the best and most sustainable
Buyer gets a dangerous car with chopped springs - how is that a win ?
@@Justin-hb6cg lmaoooooo
I was doing this with dirt bikes for a while. Most people wouldn't even wash then when posting photos. I'd get them. Give them a massive clean. Maybe a new sticker kit then sell them off.
Nice man! Love it
Lots of money to be made buying 2 strokes that need a rebuild, then flipping them for 2-3x what you paid after the simple rebuild. Too many people are too lazy or incompetent to do it themselves.
i picked up a series 2 BA falcon with 130.000kms on it for 800 but , had a gear box issue with the btr , i had 3 spare , threw it and ran like a dream cut and polish , sold it for 7k
Nice man ! Score !
I can't get over that XF. What a transformation! I'm surprised you didn't get some carpet to cover over the parcel shelf, because that's the one thing that I can see that lets it down, but nonetheless.
Thankyou ! Yeah that’s one thing I didn’t get around to , it needed a few bits and pieces , too good to wreck now , the guy I bought it off bought it from a scrap yard who was going to crush it , then he let it sit for a bit
My brother and i have flipped so many cars.Our best flip was turning a 1967 XR Fairmont into a Tribute GT .We paid $20,000 for the car,spent $5000 on the car to make it GT Tribute.So all up spend was $25,000.Sold the car for a whopping $60,000.Now thats a profit.. $$$$
Wow amazing work man ! Good to hear other people having success with it too
@@georgeauto thank you.Dont get me wrong as I have had my share of disasters and losses over the last 40 years.At least I did well with the XR Tribute GT.My next car will be my last as I'm getting older and don't have the energy to flip cars any more so I just want to enjoy my dream car .. A 1960 Pontiac.I wish you the best for Christmas and the new year.
I will give it to ya as a mechanic, you are doing damn well mate.
Guys got a energetic, bubbly, absolutely blinding personality... 😂😂
haha thanks mate guessing you have a very positive personality, love it haha.
Hats off to you, man. What a great breakdown, top shelf 🫡
Great video mate! I’ve done a couple of flips. I’ve found tradie utes to be good earners. Best one was 2006 Rodeo for 1K and sold for 6.5K after thorough detail and polish. I noticed it parked with long grass around it, so I door knocked….Keep up the great work mate….👍🏽
Well done and credit to you for saving those cars and making some coin. Another fun thing is you get to share this with your family, the fun experiences etc and also get to temporarily "enjoy" the cars, without having to own them long-term. Win-win.
Exactly man ! Nail on the head! And thanks for showing your appreciation means a lot ! Babe you done any yourself ?
@georgeauto Yep, around 20 flips in the past 2 years with some going to great homes too!
@@Bobman84 nice work bro
Great advice George. Thanks for sharing 👍
Thankyou appreciate you acknowledging!
Great video, and nice to have a flipping video dedicated to the Aussie market as well. I have made 10 flips over the last few years, mostly Japanese cars, using similar techniques, although more recently I have cranked the risk levels up even higher and have been sourcing cheap old euro cars (strong warning: don't do this if you don't know what you're in for), old Beemers, Mercs etc. I'll typically spend 4-5 hours researching the right model to buy and will create my own mini buying guide (for example, not all X5's are made equal) and also have some mechanic mates who word me up on common issues. You learn how to weed out the bad ones over time. Totally agree that it takes some courage and risk appetite, but can be rewarding and genuinely enjoyable as a hobby if you take your time.
I constantly flip Hyundai's, Subaru's and Fords. Picking the cars I know inside and out and have plenty of availability. Love the content 👍
Amazing man nice ! Thanks for the comment
You have gheed me up, I needed a reason to cut back my hours at work to do something like this I love
Literally exactly why I made this video
Mate im loving youyr channel! Found it with the red xf as that is what im playing with atm but really loving all your content. Ive got a turbo terry too. Honestly I think you going to get addicted to that car. I have alot of cars and the territory is one of my familys fav of all of them. Also the amount of views you have in the time you have them up says alot. Looking forward to more of you videos! :)
Welcome aboard mate! thanks for showing your appreciation too means a lot! absolutely loving the territory, few things to do to refine it a bit! hows the XF coming along?
Hey bro really enjoyed this video. Surprisingly every tip you mentioned I had figured out myself from buying/selling cars over the years.
Amazing man! Glad you enjoyed it , what kind of cars have you had?
@@georgeauto I usually flip ute’s or small Dailey cars as they are easy to fix and there is a high market for them, And some falcons too!
Very surprised to see your video pop up via the UA-cam algorithm - I remember you from the year below me at high school! I’ve bought and sold a few cars, made money on some, but most weren’t that type of deal and were for fun. The car I made the most on was imported from the US. As you said you have to know the market and the cars, buying a slightly different model which is less desirable or finding an unexpected issue can kill your profit. Anyway I’ve been wanting to get back into flipping imports (life gets in the way sometimes) and your video has given me a bit more motivation to do it! Subscribed to your channel, look forward to more vids
Amazing man ! I don’t know your name so can’t say I remember you, I’m good with faces though . Thanks for the sub dude also
Good Stuff George!
Thankyou sir
Awesome video George!
Thankyou sir
Hustling is a way of life. Thanks for a look Into your techniques. My recent success story was an fg xr8 that I paid 14000 for, sold for 19500 in a matter of two weeks.
Nice what a deal ! Thanks for sharing too what colour what is
It was nitro blue. ZF6. It made a good stepping stone to the fg F6. Won’t be turning a profit on this one. But it’s now making 620hp and has a built Z6R80. Pot committed to this one.
I use to do The same thing, watching this video made me miss it. Had a laugh when you mentioned how long and often you would spend on Marketplace or other car sales pages, I was exactly the same, every chance I got I was searching for a deal😂 Use to make some serious money from just a side gig tho Awesome video, could relate to a lot of things you mentioned in your video, not for everyone ,definitely need some skills and need to know the market and what you're looking at buying.
Great vid bro. Well done
Appreciate it, thanks for your comment!
great video mate, definitely got me inspired
Glad to hear it! Thankyou for your comment
Love your videos
Thankyou sir ! Appreciate your comment
Great video nice work on the cars👍🙂
Thankyou so much for your comment appriciate it
Lota work for not heaps. But love gettin these older cars back out there. Thanx
Yeah that’s right , i bought the cars with no intention just knowing that they were good deals and saw potential then ended up selling when i needed cash flow
Great video. Glad to have found your channel, I've been doing this for the last decade or so. I love it - every part of the process is rewarding: I have become so good at getting cars for way under asking price now. Similarly, I could sell snow to an Eskimo. The real joy is in working on the car, making it as clean as possible and my mechanical skills are always improving.
My current car: 2003 Ford BA Fairmont, Mercury silver, pacemaker ph4495s, high flow cat, 2.5" mandrel bent exhaust with hotdog centre, straight through rear muffler. Seller was asking 3500 and had only had it up for a day. I turned up, inspected the car, took it for a test drive - offered the seller 1500 and when he said "no, I can't do that" I was like "ok, no worries mate. Have a good one." started walking to my gf's car to leave. Seller: "would you do $1600?"
I couldn't get the cash out my pocket fast enough. It has brand new discs, pads, rear shocks, sparkplugs and coil packs. Has an aftermarket headunit and clarion 5x7 3ways in the doors/parcel shelves. Drives better than any BA I've ever owned (and I've had a few). Everything works, ice cold climate control... and had almost a year's rego on it.
I would feel bad for swindling the old dude I bought it from but there are no friends in business.
Thankyou! and glad you are loving the channel thanks for the comment! wow that sounds like a score and a half the Fairmont! Business is Business you have to do deals where can you man well said
You know how it is mate. I like your style.@@georgeauto
This is literally my hobby
The hours add up but if you love it happy days
love it mate! thanks for sharing, it def has its good days and its bad
Amazing video and content keep it up
Thankyou
Nothing beats presentation! Soo many cars ive walked away from, if you're prepared to sell, prepare to sell!!
yeah i agree! being a real estate photographer you see inside a lot of everyone's homes and let me tell you everyone has a different standard of cleanliness, for some completely trashed in clean and others one tiny spec of dust they are getting the vacuum out
@georgeauto that's true, but at least if you're a motivated seller prepare it how you'd expect to see it if you were buying it.
Could be the difference in bargaining power
@@metalmoto4803 of course some people unfortunately don’t have a very high level of care when it comes to that stuff but others who do can take advantage of it
Nice video mate, what did you do to clean the first Utes front bar up? Did u paint it ?
I bought a 1993 space cab rn90 hilux for 1500, replaced the tub on it and lowered it, sold it for 9 grand, my biggest flip so far
Boom 💥 nice work !
Great video mate. Not for me, but love watching you smash it.
I appreciate that!
❤absolutely amazing bro
Thank you so much 😀 appreciate your comment
my first flip car was a ford festiva 1.5l automatic. Got the car for $1500 and flipped it for $2500 just doing a service, rear brakes and a steam clean of the interiour.
nice not bad! did you make the photos better at all?
As a car enthusiast, I find it very hard to sell any car I've got, and I've got about 45 of them. I buy cars like such as, 1 owner, low miles, known history .And I've got all that car stuff left over from the '70 and '80's when I was a young fellow.The wife keeps telling me to get rid them as they make the place look cluttered.We live on a farm.
Yes sounds like you might not really want to get rid of anything haha , might have to come and do a video tour of the farm !
Mate don’t tell everyone our secrets…. Na but good video. Now I will have to be even quicker on marketplace to get those good deals 😂
8:16 bro that black wheels looked so good😮😮😮
Thanks man I had them on for a bit looked a bit too hoon spec for me with the black on black
Another awesome vid - any thoughts on parting out cars?
Yeah lot of people make good coin from that , I think the key is maybe picking one specific vehicle and being seen as the wrecked for that kind, then having a good organisation / selling system / eBay store for all your stuff
Adelaide’s the place to be for flipping.. buy cars from Vic or Nsw for cheap without roadies, clean and sell.
Be willing to drive 2-3 hours into the bush to find bargains - people can’t be bothered but I can.
Most recently a 60 series landcruiser I bought for 6k, I sold for 25k. A quick clean was all it took to make 19k profit.
I dont know much about cars but I appreciate the hu$tle. You have got a new subscriber. All the best for the future mate
That au is nice
Thank you mate love comments like this
I did like it too , I wanted to find a classic spiller for in and a s2 side skirts and rear bar , turbo kit mmm
nice video... I have been doing this for a few years too. Most recent one was an FG turbo ute.... I bought from a dealer.... but still made 6k on
I’ve always found if it has a carby I can get it running, fuel injected always left looking for a scan tool.
Good work man, makes good content along the way keep it up! You definitely made the most of the Covid market, it has dried up now with Covid money gone and interest rates going up, I can’t even get $8,000 for my restored XD Wagon! 🙁
would u consider a swap ba xr6t ute with custom steel tray and 620rwhp
@@user-gl7lp8wu8x I would, but that sounds like it’s worth a lot more mate
@@user-gl7lp8wu8x oooo this could be a potential swap here
I bought a 2004 Holden rodeo 3.5l v6 from manhiem for $575 and I am currently fixing it up. I am enjoying every moment of it, learning how to work on it and hopefully ending up with making some profit at the end of it
amazing! thanks for sharing how's it coming along?
That AU 😍😍
Thanks mate i do miss it a little was a good car, i found out the chick who bought it, ended up in a accident i saw it for sale Manheim salvage
@@georgeauto oh shit no way 😥
Monza red always comes up nice
dude it was so satisfying! have you had a red one before ?
Would love to do this on the side if i had the space and time! Looks so rewarding. Also are you technically making all of this cash tax free? If so, makes this venture sound even better
Yesh why not, maybe one day in the future, I think you can sell up to 4 a year before you need a licence LMCT. These cars I’ve done over years though the old Mazda was I think back in 21
Clicked not q knowing the video thought you were Spanian but great video subbed!
Amazing mate thankyou haha ! Spanian is blowing ey lad
I got an EF Fairmont ghia for $400, with a no start issue. Was a stretched throttle cable.
Did some basic repairs, cut and polish. Spent $1100 total, sold for $3,000
boom! nice work man thanks for sharing
Had a mate was a panel paint guy. Stopped at the shop. Got his garage sorted. Did falcons. Paint n v8. Did really well' i got sick of sandin.
Oh yeah it gets boring even with music on, kinda like a treadmill for the arms
I see good job I like you are very busy after the cars for sale and your way for everything now well l done
hmmmm ok then haha thanks for the comment
The 4 lita intec is great aswell
Yes I agree ! I have an AU with one also
There's no way in the world I would of sold any of these cars 😂 they would be going straight to the shed all mine! 😅
nice, i made $9k flipping a VYSS commodore around 4 years back, turned out well, picked it up for $1500 from council auction expecting it to be stuffed and it wasnt.
I did this for a few years started with a $50 TF Magna Wagon and ended up with a 383ci clevo ZK Fairlane
what thE! that sounds like a crazy combo!
Nice insight, but dont tell too many people.
I've done this over the last 5+ years.
Covid sort of wrecked it as no bargains were coming up.
Bought and sold 7 cars
Bought and parted 9 cars.
My goal was to keep going until I could afford a 26K Harley, which I succeeded in doing earlier this year.
Nice work man that’s sick , well I kinda just went public with it so haha , 99% of people will watch it but won’t do it
what cut and polish do you use mate? it looks like they do a hell of a job
also what is your opinion on purchasing writeoffs to make profit?
For this one I used 3m cutting compound , and then 3m machine polish , thankyou came up worlds apart still no where near perfect but better
Mate, you got a killer deal on that 323. My friend is a mazda nut and has one of those with a rotary in it... they're cool af.
i know man! initially i missed out on it then i got second chance and jumped on it! Thats amazing man what motor has it got? i had one back in the day light blue though same as this one i sold but had a rx4 13b na, 4 barrel on it, extend port, 5 speed went hard! i still have one atm needs paint hoping in the next few years get it on the road
So happy for you. I like your channel and plan to stick around - it will be fun to watch the progress over time on that car.@@georgeauto
Check out Bennett's Garage youtube channel for details on my mate's car I mentioned. You'll love his content. @@georgeauto
www.youtube.com/@Phil_Bennett
This is his youtube channel. Awesome guy and very skilled.@@georgeauto
Good job bro, I just bought an 08 liberty and has minor scratches all round, what do you suggest I do to restore the paint and make it look nice and shiny again like the xf!
Problem will be with yours is that it won't be single stage paint... meaning that your clear may have peeled off, on the XF the clear and red is in one... best bet would be to look up a product called "shiny car stuff" its a wipe on clear, im thinking about doing a video about it soon
Like the Mazda 323 there is a massive market out there for normal old cars that were everywhere in our youth and now just disappeared from the roads. Surprisingly punters are sentimental about cars that aren't your typical desirable motors such as old Fords and Holdens. Especially old Japanese stuff like the Mazda as parts are still around. They can keep up with traffic and are cheap and easy to work on.
yeah you're not wrong about that! you have to move on the bargains quick though when they pop up they get snapped up quickly
80s 121 was my first car haha nice
nice ! good fuel economy
I noticed the XF had a ratted out interior, cracked up dash pad and centre console lid to name a couple. Did you end up fixing those too ? What about door rubbers etc. Those are notorious on early Falcons.
No I didn't fix the dash or rubbers, it still needed a few things to finish it off depending on how fussy one is
The XF falcon was nice. Would of been tuff if you put a Windsor in it
Thanks ! Yes of course a bit of a rumble would have been tuff , it almost sounded cammed
bought a manual 8th gen mitsubishi galant vr4 twin turbo for 4000. spent 600$ on rwc and the few little things it needed and sold for 8.5k
Can you make a pre buy check list?
hmmmm every car is so different though so could be hard, ill think about it maybe this could be a whole vid
Hey George, isn’t there a limit of vehicles you can sell before having to sign up for LMCT in Victoria?
Yeah there it is,
its always the falcon owners who know what there talking about
haha! not every time
Good to see a 323 in here
Thankyou ! I still have one I need to paint ! Coming up on future episodes same hatch 1980 but I’m doing it in a Mercedes silver
What polish did you use on the xg?
Xg it was called Juice cut compound
That mazda 323 was mickey mouse👌 i bet the guy in qld wouldve chucked a rotary engine in it for sure🙌🙌🙌
He did yes look up 323 13b turbo hatch , sick video of it running 11s I think
Ek civic brought for 800 sold for 5k got rwc 400 and minor touch ups. Total up 1k (4k profit.)
lets goo! Boom!
5:34 have you ever had any issues moving a car this way?
I've started getting a rwc prior to sale, hoping to pick up the pace and target those impulse buyers.
Damn!!! If you had put a rotary in that 323. They go for 35k in nz. Don’t ask me why
wow! its crazy how much they love them there. the guy who bought it off me then sold it again and im pretty sure its a 11 second 13b turbo now, there is a great video of it on youtube at the drags, such a sleeper
Great video, how do you get around licensing selling multiple cars a year?
Most look like they were on club reg
@@toneloc9084 doesn't matter in Victoria you can only sell up to 3 cars a year without a licence, any more and you need one.
I was curious about that also, but I think because they’re unregistered it may be different.
You can do up to 4 a year without licence
How do I know if a car is in good mechanical condition if I’m not a mechanic, and especially if I buy in an auction?
trouble is with an auction you really cant do checks properly, if youre able to inspect the car before hand thats good, look up common issues with the model that you are after, check service history, check oil for milky oil *no good), tyres, all the common stuff, i dont have a video just yet going over it but maybe somthing to add to the "to do" list
I can clean cars, but if there’s a blown gasket, no idea how I’d fix it 😂 so definitely not for everyone especially if taking bigger risks
Nek 😅Minnit ato knocking on your door wanting there cut 😢
Been flipping cars for years
Bought a ve calais 6ltr with dod issue other day with rego for 3k. Gonna throw a cam kit at it and probably some 20" walkys. And list it for around 15k 🤙
Haha yes I pay my fare share to them so they should be happy ! And these I discover a few years not all in one hit so
For a Holden 2010 Sv6 Ute is sub 230k kms a lot? Considering it’s 14 years old?
i say no thats around average, anythiing under 200,000 though sounds alot better , i think 20k roughly a year is average
Yeah but how do you cut and polish
Heaps of vids online you can check out might do a dedicated vid soon
That au was nice as
Thanks man yes I do miss it from time to time
Everything this man says is true!! My brother and I have been doing the exact same thing for 20 years and have Made some bloody good money
Amazing man ! Thanks for the comment ! What was your best flip ! What kind of cars ?
@georgeauto
We don’t really descriminate with cars man. Anything we know we can flip after analysing the potential of how it will come up,, we will dabble with and flip.
As you said,,,,, having a solid understanding of the market is paramount and also weighing up the risk/ reward regarding how much time, effort and money you will be putting in depending on the condition of the vehicle.
The more you can do,,, the more money you save.
The only stuff I’ve gotta farm out to other people is auto electrical and trimming as a general rule.
Best flip so far would be an xe s pack My brother and I got for $1500.
Worked out magic on the old girl, owes us around 4k all up, and put it on Facebook market place and it sold in 3 hours for 23k.
George, nice video. Most people do not have that attention to detail and vision of what a clean car should look like, once finished. It takes work and lots of it, detailing brush, micro fibre clothes, detergents, polishes etc to bring it back. A bit of European flare/style with attention to cleanliness, win for you the seller and win for the buyer, to get a quality product.
Question, who does hassle free club reg in Melbourne?
Thanks mate , exactly what I aim to do , all of the best business’s relationships or transactions have to be win win for each party otherwise it doesn’t work sustainably
Shoot me a message on Instagram and I’ll point you in the right direction
Hey man just a heads up post people think they can sell 4 cars a year but that’s not actually the case, it’s whatever the government deems business which can be only a couple cars that have been bought and sold with the intention of making money. Just a heads up
Thanks mate these were done over 2-3 years and some I used for a bit didn’t intent to buy to flip but needed money so sold, bought knowing they would sell for at least what I bought them for, thanks for the input
Once I made a flipply flip.
I was helping out an uncle in his garage, running his Gumtree ads etc. He had a grey Nissan Skyline R33 Gtst, low kms, manual sitting out the back. I asked him about it, he said "I bought it for my daughter, she doesn't like it and she's lost her licence because of that car"... list for me 8k. I said well.. can I buy it? he sold it to me for 6k and well, i had it for a while it was clean.. so beautiful just stock nothing else, but I needed the cash so I sold for it $10k.. so four grand profit, mind you this was back in the daaay.. 10-12 years ago but yeah wins a win lmao honest sale tbh I still miss that car.
That's a good story, thanks for sharing! they are worth a bit more then that now! and what a lucky daughter getting a skyline
Make sure u spin the k’s back
No no no
i did this but with boats, turned over 40k during covid era. starting from a $500 tinny
thats amazing man! thanks for sharing, motivating for all of us
Hey everyone, How reliable is grays auctions?
Pretty reliable I’d say , I think you can go inspect in person seen a few mates buy through there and are happy
How do you get pass the 4 car limit a person can sell privately per year without a dealer’s licence?
I don't think you can these cars were over a few years not all in one hit, and at time of buying them i didn't intent to sell/flip i just did them up and needed cash
How many can you sell before the roads authority aske🤣🤣🤣🤣🤣s you for a dealers license
you can legally do 4 a year before you need LMCT
Can you minus the labour hours from your profit?
If you divide it by the hours spent I make .80c ph
You will need an LMCT sooner or later
why is it that you look mainly for ford falcons?
Parts are cheap and easy to get , and there are good deals to find online , if done tastefully they sell well,
Easier said then done
You’re not wrong there
Do you always transfer the car into your name before you sell it? I would loose soo much money on transfer fees
The ones that had reg yes i did
Not to flip but to do my own repairs 👍
nice man! thanks for sharing, what kind of cars do you own?
Are they mechanically sound or just clean?
I talked about that ,
Scammer
Are you intellectual disabled or just dumb?
Hey mate was wondering wether or not you had to buy a dealers license since your selling more than 4 cars a year or is there a way around it for example if you claim it is a hobby not a genuine business. I've flipped cars a few times but am worried to do it more in NSW since the max cars you can sell is 4 here.
Who mentioned anything about a time frame ? All info in your states tax laws I’m
Not sure for your situation
Took how long to make the 20k though?
4 years , 0.02c ph