Hey so I think doing 3 cars is a good plan. I’m going back and watching the whole series again and I think 3 cars is the sweet spot. 2 cheapo and 1 halo.
@@vadim7590 lol yeah. I’m already back to the Bentley stage. There’s a lot of videos but they’re only between 20-30 min. Besides this was always one of my favorite series that he started and they’re really entertaining 😂🤷🏻♂️. He’s been one of my favorite RU-vid creators for several years now so I don’t mind going back lol.
Craig I spent 25 years as a wholesale used car dealer. Your strength is in reconditioning cars with cosmetic issues. That's how you earn your spread. If I had had your reconditioning strengths I would have gone in the retail business. Of course then I would have had to the retail public instead of guys like you m
I think always shooting for a mid-full size suv for 20-25k, a sports car for 10-15, and a sedan commuter (or two!) with the remaining money is the best for content while still making good money. We all love to see quick flips on the suvs and sedans, they make decent money. We also like to see our favorite sports cars! Even if they take a bit longer to sell, it’s nice to break up the content. Been enjoying the sn95 videos, hopefully you can get a 99-04 5 speed next!
30 years ago I worked in a used car lot. I was 16 and I remember picking up the Mustang GT MCclaren edition and I loved it. I was the detailer and it taught me a lot.Totally a different word now.
On those bmw 4.4 engines, 90% of the time it's a $10 rubber diaphragm that leaks oil into the intake which causes the smoking. So the mechanic tells you the valve seals are bad and he makes 10k on the job. The way to prevent the seals going bad is to drop in a thermostat that runs 10 degrees cooler. They run them at 100c for emissions purposes. I picked up a used 4.4 at pick a part for $400. 60k miles later it's running great.
Very interesting and real content with this one. Your decision, reasoning, and business sense will take you far my man. Looking forward to the upcoming video.
Thanks to you i started trying this. My first car turned out to be a piece of crap and just needed to take a loss, but my 2nd car, i bought from a salvage auction and I’ve fixed it all up. Now i just need to sell it, and this one will definitely be a winner
These are my favorite videos, hanging out at the auctions with all those cool cars. LOVED that older Ford pickup truck! Thank you for bringing us along with you. How's the new house coming? Will it be done for the summer season up at the lake? Will you be building a boat dock as well?
I say look for (1) 25,000 car and (4) 5,000 cars. It would move the flip forward faster. I have a blast seeing all the cool cars you get to see every day. Good luck at the next Auction.
I'd go with a rolling 2/3 cars for the $55,000 - a mix of classic / sporty / rough & practical fixer-upper. As nice as the Bentley & Aston were, I think the best viewing (and best selling) is sub-$20k that needs a bit of work!
As a viewer, the cars under 10K pump me up. Like "I can do that too, with just 2k? Wow!". And even though I know Craig has a lot more money than that and he can take a loss, I'm still rooting like it's his last dollar. With the cars for 40-50K, it's entertaining but it's the charm of grinding is lost.
Appreciate the "blah" feeling about the Camaro but super low mileage and looked really sharp. Perfect time to be buying / selling a Camaro that looked like it would be an easy sell? Hmm think you missed a quick 3-4K with no work or investment required? BUT you are the man and know better then us Craig!
This video right here is why i love your Chanel no bs real advice thank you Craig can't wait to see what kind of Ferrari you get and if it goes further to the Lamborghini Hurricane ill definitely be staying tuned in
I love the Maclaren! It would have made a nice addition to your collection. I'm looking for a Mustang convertible here in Texas for my wife for our 25th Wedding anniversary in August, V6, auto, 80 to 100K miles, 2009 to 2014, 10K to 14K, and the prices do seem to be dropping here in Texas a bit.
Hey Craig: you're far more successful than I'll ever be but the thing is, you're not in this business or this series to put a smile on your face. You've got a corvette, and other cars for that. You job in this series is to flip vehicles to a ferrari. You bought the bentley, and got stuck with it for months. You bought the aston, and broke even (almost) on it. If you'd invested that money into easy to flip cars you'd probably have $80,000 in your pocket now.
I don't blame you for not paying those crazy prices. There is no wiggle room to make any profit at all. Those selling the Kia Stinger, were not being at all realistic. If they were that proud of it, wanted that much money, then fine, put it on their lot and sell it. If not, something is wrong with it.
It is good that you a honest about your pricing. Virtually every used car is super inflated in value now. Your profit margins would be low. I would rather see someone like yourself making a living instead of a huge dealership. I traded my 2016 GT-R into a local Nissan dealer and you'd think I'd screwed them royally for getting 68k for trade in. Two days later it was on their website for 89,900 dollars and sold the first day. My distaste for car dealers is so deep.
Those hemi chargers, the SRT 8’s, are really going up in value. In the part of the country I live in, if you can find them, they’re running between 15 and $20,000 depending on mileage and condition. Luckily we don’t have to deal with rust out west.
U kept it 💯 and didn’t bite that bs and I thought u we’re about to bite when you raised your hand I’m happy u played it smart! Any other recession tips?
Sold all my shares between September and December last year. Waiting for the market to get much nearer the bottom. Might need to wait until the autumn to buy again.
20:30 when I bought my last new vehicle (f150) I had a lease to turn in and they sent my dad (who drove and delivered vehicles for the dealer) out to my shop with the truck I looked at it, we went to lunch, he drove it back, we made the deal over the internet and to save time, they could have sent my dad back with the truck and the paperwork and they'd pick up my lease and I wouldn't even have to leave my place. The way it worked out though I was going to be around the dealer a few days later anyways on business so I did it all then. My dad told me he did that all the time now. Brought vehicles for customer's place of work to make it easy for them.
@@marklynnreed I actually liked that instrument cluster / dash setup but I can see they are polarizing to each individual person. My only complaint personally about 5th and 6th gen Camaros is the abysmal blind spots, I had a 4th gen trans am for 15 years and it was one of the easiest vehicles to manuever as far as line of sight on a sports car, the 5th and 6th gens it’s terrible.
I remember this guy from his humble beginnings buying cars with 0% CC to flip I believe it was. Good to see him grow so much in a relatively short time, a genuinely good guy still the same exact person from then.
Hey thanks for bringing up the scammers! Sorry I had to call you guys last time to confirm it wasn’t you guys! Love your channel! Maybe do a special buy from outside the auction? Facebook marketplace? Can’t wait for the next vid!
that bmw, on screen looked like white smoke, so either it has headgasket leaks, which i doubt on that year car, so most likely it's just collected condensation in the exhaust from sitting around in someones lot.
I had someone trying to scam me in comments of last video. 😂 I didn’t fall for it because they couldn’t give me any info to confirm it was you. Then wanted me to pay $200-400 on shipping for want I won, which they wouldn’t tell me what that was either. 🤣
Can I ask a realistic question......people are actually falling for certain ones of these scams and I'm just curious how. Why would you trust anything to begin with that doesn't come from the actual account. All the names that leave comments are obvious fakes and the messages are even worse. Not to mention they want you to message them and usually on whatsapp or some low used app. Like if you actually won they would ask you for your email or have you dm here or Instagram (on their legit account)
I think you should stick with sub 5,000-10,000 cars. Seems like you make more on those usually. Obviously if a high priced one crossed the block at a great price snag it but sure seems like you make 100% even sometimes on the cheaper stuff and in general a quicker sale.
You're correct about buying anything right now could be like a game of hot potato. Personally, if I were in the business I would network looking for older people who either can't drive anymore or have died. I'm not suggesting obituary watching but getting a reputation of paying decent while also minimizing the hassle for an already overwhelmed family could be an avenue to get good cars reasonably.
Hey Craig.Your content is amazing. Iv'e learnt so much from your videos, Thank You. What app do you use at the Auction to scan VINs for wholesale values?
Craig, even buying inexpensive cars would do, at least, for me. Making more profit, don't necessary make thorough videos on how you repair them (you can just say what you did to them), them, how much you sold them for. Even selling a few (least interesting) cars per video, would still make it interesting. By the way, i would love to see 3 videos a week, like you said a few videos ago, that you're capable of doing:)
I'm not in the car business, but if I were to guess...the sweet spot for used cars is the $15,000.00 to $25,000.00 range. I would buy three to four cars in the 10 to 15 thousand range...better profit opportunity and risk is spread out.
Yeah the aston would give you more pinache, but the camaro won't send you to the poor house in repair costs. There's a + and - to everything. You could probably rebuild the camaro engine for the cost of replacing the clutch at the dealer. I think samcrac was quoted something like $6500 just for the clutch, no labour. He bought an after market one for $1200 and did it himself...well, him and sage......and some help from a mech.
Great advice for anyone under 30, sell anything you don't need now. Sit on the cash and watch markets crash and collapse! Then, swoop in like the most aggressive buzzard in the trees and feast on the bargains!!! Great analogy pointing out WalMart never buys at retail. It really is that simple.
8:40 I pretty much lost everything in 2009. House, truck, trailer, harley, everything but my tools clothes and furniture. I had $18K after the sale of the house and then I go to my bank one day and it's gone...government took it because the previous year, even though my income had dropped by 50% and I was barely feeding myself, I HAD to give them their cut.
Here in Canada it's even worse. The housing market has gone insane. People were/are paying $1.2M for a $600K bungalow. My parent's house, which they paid $2500 for in the 70's is now worth $740,000 in a bad neighbourhood. A 1 car garage, off a popular main road in Toronto, sold for $650,000.00. We're in for a HUGE crash...the interest rates are going up and even 1 or 2 percent is going to put SO many people upside down on their houses.....
COPART sometimes has some decent reasonably priced cars. They might need minor work (dent repair, etc) but the profit margin is there. Great channel!!!!
Challenge for you,, Buy 4 inexpensive fun cars, Such as a VW gti, civic Si, pontiac GTP, cobalt SS, Dodge caliber SRT4, These are all very fun cars that sell around 10 to 15k. Great vid today.
Been watching since the start of your flipping 400 series and loving it. Initially you wanted to show how any one can do it, but now you have moved buying cars at a dealer only action and getting your media guy to take photos and list for you don't lose focus of the original goal. I have mentioned this before, starting to lose interest as I feel your starting to cheat
you seriously thought someone could buy a Ferrari with $400 flipping cars? Maybe a model car, lool. It's a topic for content, nothing else. Don't take it seriously as a tutorial or something.
