Car Flip Went Bust and Camaro’s Final Numbers Surprised Me [Autohacker’s Digest]
Last edit: September 01 2024 • 245 view
Welcome to AutoHackers’ Weekly Digest – September 1th, 2024
Every week, I share insights from running insurance auto auction marketplace CARS4.BID. The goal of this digest is to help you avoid common mistakes when buying at auctions and to assist you in purchasing your dream car at the best possible price!
Final numbers for camaro project
I know you’re curious about the numbers, so let me reveal them without holding anything back.
$12,725 final bid. Vandalism damage.
$1,916 auction fees
$450 delivery fee
$3,795 repairs, parts
$800 registration
$19,686 total
$34,000 is the price for similar cars with the same mileage and options. I got mine for $14,300 less, making my Camaro 57.9% of the used car value – a 42.1% discount!
I could’ve saved another $1,350 by skipping the oil change in the differential, wheel alignment, and proper detailing, but I want the next owner gets the best Camaro on the market. It even has front PPF. I’ll be listing it for $25,500. If anyone interested, reply and let me know. Car is in Miami.
You can see the whole process of repairs in my Facebook group. Check it out here: Facebook community of Autohackers
Welcome to my new project
Well, it was a buyback from a customer who declined the winning bid, so their loss is my gain. I got a 2020 Chrysler 300 with a 5.7L V8 Hemi engine. It’s a HEMI, it’s an S trim, and it’s a super dope car. One of the last true muscle cars with no hybrid or EV stuff – just pure V8 gasoline-powered beauty.
These cars have so much character and are so unique that I couldn’t pass up the chance to fix it and flip it. I see a few thousand dollars of profit here, and I’ll show you the process so you can see that, despite how it looks, this is a decent car to buy and the repairs aren’t that bad.
As usual, I’ll share the process in the Facebook group, so go ahead and join it here: AutoHackers’ community
Q&A Car Flipping #1: Car Flip Went Bust
This week, I had the first Q&A in my Skool community of Lifestyle Car Flippers. The goal is to show you how you can buy, enjoy, and sell cars from Copart and IAAI for profit. I’ve been doing this for ages, and every week, I take time to answer your questions.
Check out the replay where we discussed:
- How to flip more salvage cars without waiting for an inspection
- How to open a car dealership from home
- Can you import Canadian salvage cars to the USA?
- Case study: when car flipping goes bust
- How I estimate my own car flips
- What VIN.DOCTOR reveals about clean title cars
The next call is scheduled for this Wednesday at 11:30 am, with a replay available. If you want to become a Lifestyle Car Flipper, join the community and ask your questions.
Cheapest buy of the week
2007 Range Rover Sport. Sold for $375 via Buy Now option.
Very good deal for our client!
Find more options for quick purchase here: Buy Now inventory
My choice of the week
2024 InTech OVR Expedition. Sold for only $24,300!
Excellent choice for adventurers looking for a compact, durable, and capable off-road travel trailer. Retail price $58,966 – huge savings!
Find more RV’s here: Recreational vehicles
$10 deal
1998 Chevrolet Camaro sold at Copart just for $10!
Vandalism damage. Good for parts or cool project. Very good deal!
$60 deal
2011 GMC Acadia sold at Copart for $60.
Front damage, run and drive condition. Needs some repair work. But you can’t go wrong with $60 for a car!
$100 deal
2009 Volkswagen CC sold at Copart for $100.
Impossible, right?! Well, great deal happens daily!
Thank you for reading my digest, and have a great day!
Andrew AutoHacker
P.S. If you enjoyed my digest, you might also like my Facebook community of Autohackers. I share my knowledge there daily. My primary goal is to assist you in finding your dream car at a 50% discount. Join the community and benefit from the valuable information and insights I provide!
