Starting a car flipping business...

[matroska]

On 5/14/2021 at 6:46 PM, Hashif Riyas said:

My potential cost breakdown on a mechanically stable Common Bluebird would be 

* Project Eu14 1999/2000 Car assuming the market price is 2 Million and, Lowballing to 1.6 Million

* 40K for the coat of paint 

* 40K SSS Exterior Parts*

* 40K Complimenting Alloy Wheels

* 30K Average Mechanical issues ( If any ) 

* 10K Interior Wear&Tear Fixes 

*  A day and 5k for a DIY interior/exterior clean 

* Miscellaneous Expenses 35k

1.6 Million + 200K 😑

Rs. 1.8 Million Costing Car

 

ay no - I think this is gonna cost a lot more than that. 

In todays market lowballing will not get you a 2M car for 1.6.  If you do actually lowball you get a car with some work to do - and this work will not amount to the prices you mentioned it will be more. 

Paint for 40K will not happen - and will depend on the paint. Those metallic shades will cost more. The basic white (040 code for Toyota) on 80's cars are cheap - but that will not work on your bluebirds. 

Interior wear and tear will cost more - 90's car interiors are not as simple as classic interiors or even the simple interiors from the 80's. 

There will invariably be a lot of little things to be sorted on 20-25 year old cars - such as boot lids not properly closing, one single power shutter getting stuck half-way, malfunctioning wiper motors, broken AC switches,  a single power mirror not working and so on - these are small issues but combined they take a fair amount of time and money. 90's/2000's cars are mechanically bullet proof but cosmetics and interiors tend to wear out on any car. 

I say buy a car you like - one that really gives you the fuzzy feeling inside. Do a proper job to restore it and enjoy it. Once you get bored maybe sell it - go for something different but now you already know the costs of restoring so you know better if you lost money on the first car at least you learnt something. Good luck I'm a little biased towards 90s Nissans so I'm kinda waiting to see where this is heading  

[iRage]

1 hour ago, matroska said:

90's car interiors are not as simple as classic interiors or even the simple interiors from the 80's. 

Funny you should mention this...90s interiors are actually more complicated than even modern interiors...removing them is a complete pain with a million and one clips and screws (comapred to just tight clips on modern ones) and on top of that the door panels, etc..have rather interesting contours in mix materials.

[Hashif Riyas]

After seeing the ridiculous price hike nowadays, I don't think flipping as a business is almost not possible as @iRage said in this thread 😑. Yeah, A more common vehicle could possibly do, but surely not with bluebirds...

For my driving pleasure thing, I'll have to probably pay the price , I inquired an Original Bluebird SSS exactly with the color I wanted and a fancier number and he's demanding 2.2 Million. 

 

[matroska]

On 5/15/2021 at 9:37 PM, iRage said:

Funny you should mention this...90s interiors are actually more complicated than even modern interiors...removing them is a complete pain with a million and one clips and screws (comapred to just tight clips on modern ones) and on top of that the door panels, etc..have rather interesting contours in mix materials.

yeah the 90's interiors are a b*** when it gets messed up. Also due to the excessive use of fabric(again opposed to something from the 80s')  they tend to smell like a dog - specially if left at the mechanics  for a few weeks and neglected. 

[Twin Turbo]

Not as easy in the tv

[Inakomisly]

One thing that might help is invoice financing or factoring. It can keep your cash flow steady, especially if you’re buying and fixing multiple cars at once.Talking to a global advisory firm that deals with growth hacking, fundraising, and market strategies could be a big help too. They often know venture capital fashion investors who might offer more flexible funding than regular banks.Being honest with your customers about what you’ve fixed and what they’re getting is a good idea. It builds trust and can justify asking for a higher price for a well-restored, reliable car. People do pay more for quality work and honesty.

Edited July 24 by Inakomisly

[Notevery]

I know this is an old post, but I wanted to share my thoughts. Starting a car flipping business sounds exciting, and with your budget and connections, it seems promising. From my experience, customers are often willing to pay a bit more for a well-presented, reliable car. I did something similar and used a system like Sugar CRM to manage projects and customer interactions, which really helped with organization and transparency.

Your dad’s concern about costs is valid; repairs can sometimes be pricier than expected. However, if you provide high-quality work and are transparent about what’s been done, you can usually justify a higher price.

Edited September 2 by Notevery