Today’s topic is 2000 GTI Flip – $500.00 in Profit After 4 Months of Use (True Story Flip).
Thank you for joining us today. I have my nephew Jules with me and he’s going to share with you his story on his recent car flip.
He picked up a 2000 GTI 4 months ago and decided he didn’t need it anymore. Here’s Jules sharing his story.
Jules: I was looking a good deal and got a 2000 VW GTI VR6. I’ve always had the liking for VWs and always wanted to get into that brand.
I found it in Craigslist. When it comes to negotiating, it can get you a $2000 car for $2000 or a $2000 car for $1500. It depends on how you negotiate. I was able to negotiate the price down to $1500.
I got it in Dallas and brought it to my place in New York. Then, I decided not to keep it. I put a little bit of money into it.
The rims were spray painted black. I realized that it had less chance of getting sold with those rims, so I bought silver spray paint cans, taped all around the tires and sprayed it.
Question: How many miles when you bought it?
It had 124,000 miles when I got it and I put about 3500 miles on it.
It’s funny because going from Dallas to Arkansas and all of these different places as well as in New York where I live, people kept on asking me if I’m from Texas because of my plate.
It’s a good deal. If you have to go all the way to Texas for a good deal, then you have to do it.
When Jules sold the car, the buyer was amazed by how he kept it clean for a 16-year old car.
Jules: When I bought the car, it wasn’t in the best condition but I saw the potential in it. It needed TLC, just enough for me to put a better price for it.
I polished it up, made the tires look good. Even driving from Dallas, the tires were still in great condition, you just need to put a little Armor All. It makes a big difference.
Like what they always say, your first impression makes it the last impression. Most of the times, when people are really interested in the car, they’ll bring cash and buy it on the same day. But, sometimes, people would say they didn’t have the money yet and say they’ll come back for it.
Their first impression of the car will make them follow through on the deal, so it’s important to have the car looking really nice. Take a look at car lots and dealers, their cars are detailed and look really nice. That’s what Jules did.
Jules: It was a rare green GTI. My parents and some of my friends weren’t thrilled about seeing the color of the car, but I was blown away by it.
We actually did a YouTube live on that car a few months ago when he got it. We tested the lift with it. His car was the first car to be put on the lift here in my shop.
How was it selling the car in New York? Did the guy have an issue buying a Texas-titled car? Was it a concern or not?
Jules: Everybody is always concerned about buying an expensive car. There should never really be any issue in buying a car in another state and registering it. It should not be a big deal.
He got it for $1500 and sold it for $2200. That’s great! Plus, he used it for a couple of months.
Question: How long did it take to sell the GTI after you posted it?
Jules: About a week and a half. I wanted to sell it right away, so I was posting it on Craigslist literally every morning.
Did you start to list it at a higher price point like $3000 then go down or you had it listed for $2500 and got it for $2200?
Jules: Yeah. I listed it at $2490 because it makes it look so much cheaper. Then I listed it as OBO to look more negotiable.
It’s also a good thing to make up your competitors. I always say, “Let me know quick because I got somebody who offered me this much…”
You need to play the game. You need to get people interested. I talk about this in the F1 AutoCashFormula VIP Course as well.
If you want to learn all of my strategies in buying and selling cars for profit, go check out the F1 VIP Program.
Again, this is my nephew Julian. He had a great time tonight. For those who want to start flipping cars for profit, grab your FREE Report and get lots of free information.
It’s Tony from F1 AutoCashFormula 2.0 – How To Buy And Sell Your Cars. Thanks for joining me today. I’ll see you same time next week, Wedneday at 9pm Eastern. Please Like, Share and Subscribe to my videos.
Cheers! Talk soon!
Tony
Other Helpful Links:
What Cars Am I Flipping for Profit?
How To Buy And Sell Cars – Craiglist Tips and Collectables
How To MAKE 5500 a Month Buying and Selling Cars
From Selling 50cc Scooters to 10k a Month Flipping Used Cars
Used Car Inspection Tips – How To Buy And Sell Cars for Profit