Hey! What’s going on!
Just made this quick video that talks about a few things when buying and selling cars for profit. Pretty good pointers.
I’m going to talk about collectables, Blue Book values, and real market values – what the market is really looking to pay for them and how you could potentially score deals in your local area because of people getting rid of cars and not knowing the value of what they have.
This does happen a lot. You’re going to have senior citizens/older people, women, etc. who don’t know that an older car is actually a value, unless they do research – but a lot of these people don’t do research.
They just list their car and look at www.kellybluebook.com. Kelly Blue Book gives them a low value of their car because it’s older and they have no idea on what they miss out.
Right now, I’ve been doing some reading and stuff on collector cars, collectables and investments and all that.
I used to buy and sell a lot of Mazda Miatas five to ten years ago. That was my thing. That was kind of my niche, you know – these little sports cars, I like them. They were very affordable to get, people liked them especially in the island of Oahu or Honolulu where I’m from. They used to be a very good investment opportunity for me buying and selling them.
I haven’t gotten one in a while but recently, I’m in the market to actually buy one as a collectable. I have been looking for weeks now and I haven’t found one yet but I know one will pop up sooner or later.
So I’m going to show you right now how I do a search.
First on Craigslist. I type Mazda Miata. I’m looking for the first generation. I want the bathtub-looking one. I didn’t want to make the video too long so I’ll probably have a part 2 or even part 3 episode of this video. I don’t like making my videos on YouTube very long.
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Even if you’re a college student, a senior citizen looking to make some extra money or just looking to get into something to just make a new stream of income for yourself. It’s no wonder they say, the average millionaire has seven sources of income coming in.
Okay, let’s just talk about cars in general and specifically cars that appreciate in value over time.
Like the Toyota Supra, they stopped making them. The famous Supra was back in 1999, 2000, 2001, 2002. I don’t exactly know how much they sold for, but these cars right now are easily selling for $20,000-$30,000. I’ve seen them sell for as high as $40,000, in original condition with low miles. If you can score one of these, you’d be making some big bucks. But a lot of people now know that these are collectables.
Another one is the Honda NSX, these are popular super cars and they are collectables as well. A new one’s coming out or probably is already out right now. I don’t think it’s out for sale yet. So this car, too is popular. They’re selling for $30,000-$50,000. I’ve seen them sell as high as $60,000-$75,000.
So a lot of us don’t have the money to just blow $65,000 on a collectable car like this or even at a good deal, $50,000 and just ride it, have fun with it and then, get rid of it.
So I’m just going to give you a heads up about the Mazda Miata. If you want to buy a collector car that’s going to go up in value, start scouting for an early model – 1991, 1992, 1993, 1994, 1995 Mazda Miata. You can get them pretty affordably.
I am showing one example in the video. I saw a 1994 model on eBay that I’m actually watching. It’s listed for $7,499 which is high but it has only 87,506 miles on it, all original and you’d want to get the Limited Edition one – the M Edition. Something that were limited in production, that’s what you’d want to go for. You don’t want to get the standard, basic Miata.
I also show you another listing, the M Sport Edition listed for $5,300. That one looked really good. I think this one was the one that was advertised. It used to be like an advertising car.
And when they peeled the wrap off, you can see that it peeled some of the paint off. And this is perfect if you want to do a little bit of an auto body work or if you want to learn how to paint and stuff.
You could just buy something like this, put some paint on it and redo it. I think this has some 100,000 miles on it. But you can get them pretty affordably.
I’m looking at my local Craiglist – There’s Mazda Miata1996 at $2900 OBO (Or Best Offer), Mazda Miata ’91 at $4500 OBO. That’s not a bad price but again when searching for a car like this you want something that has low miles and is in good condition.
So there’s one that’s 127,000 miles… not bad at all. But you also want to get something that’s untampered with. I kinda see this guy put huge speakers in this side panel. You want to get something that’s been unmolested. You don’t want to get salvaged title.
What I’m looking for is M edition with leather interior. Preferably with hard top and low miles. I’m looking for something that’s going to be hard to find or I’m going to be paying some money for it.
But the whole idea is to scout your local Craiglist or Gumtree or whatever you’re on every single day for 10-15 minutes. Just scout through it and you’re going to find a deal. You’re going to notice which ones been on and you’re going to notice which one’s brand new when they popped up.
You could get lucky and get a new ad with an owner that’s an old lady or an old retired guy who doesn’t know much about it, they don’t know that it’s like a collector’s edition and just getting rid of it for $3000 or $4000. You can get something with low miles on it.
I have done it before and I sold them but now I want to get one to actually keep. And I don’t want to go crazy and spend $7000-$8000
If they are low numbers like the one selling at $5500, usually they have high miles. Here’s another – 1994 R edition…$11000 for a ‘94 Miata! I mean, that’s way overpriced.
It doesn’t have leather interior. He does have all the receipts. I think this one is an original owner. It doesn’t say but it has 67000 miles.
This is a great car but if you can get it cheaper, it can be a great deal. $6000 or $7000 may be a pretty good deal.
Here’s another one, this one 1991 Mazda MX-5 Miata at $5100. Is not bad. But I don’t want it because it’s not leather interior. I want to get the M edition.
This one is the basic Mazda Miata model but it only has like 57000 on it and a one owner car. Not bad. This is not bad. I would actually sit on this if I really have no other choice. But I’m willing to wait. I don’t want to jump the gun and buy it.
So if you get something like this for $5000, I’m sure in a few years from now, you can get $7000 or $8000 for it. Or if you hold on it for another 10 years, you get a lot more for it. That’s just like the story I was talking about… Jay Leno.
A lot of people on eBay would bid on listings but they won’t pay. So you’d see them list back up.
So this is how you kind of scout for deals. I’m in the market and when I find one, I will document the whole process of the car that I bought, where I got it.
For now, I’m still in the scouting mode for a first generation Mazda Miata and if you could find one and scoop one. I would say get it if you’re a long term collector. Because 10 years from now the price is just going to be up. The prices on these things are just going higher and higher every year.
And they’re very affordable to get right now. I mean, you can get these things for $5000 with low miles. For a car collector, investing $5000 now, in 10 years it will be worth $15000, I would think. Because if the years go on and you have low miles on it and you don’t drive it much, it’s just going to go up in value.
Be sure to go to F1 AutoCashFormula 2.0 – How To Buy And Sell Your Cars For Profit Course right now. Click on join now. You’ll be able to get a report from me that I’m giving away. There’s so much more info on buying and selling cars for profit.
I also go over in depth on how to find regular cars that you can buy and flip every single day and make $1000, $2000, $3000 profit by scouting your local Craigslist or Gumtree, your local advertisements and newspapers and keeping your eyes open on the street. There’s tons of people making money by buying and selling cars.
I’ll be making more videos like this especially on researching the market, other things would be to check out a car, check out their number and check if they are a scammer or you could Google their number and see what pops up. All that kind of stuff.
I have a ton of tricks and tips off my sleeve that I want to share with you.
So, it’s Tony, just talking about finding collector cars in your area.
Hope you like the video. Please comment below, share it, like it.
Talk soon. Have a great day!
Other Helpful Links:
How To Buy and Sell Cars – Negotiation Strategies and Collectables
How To Buy And Sell Cars and Make Big Profit
How To Buy And Sell Cars Online – Craigslist Loophole
How To Buy And Sell Cars Common Questions And Testimonials
How To Flip Cars For Profit Questions and Answers
2 thoughts on “How To Buy And Sell Cars – Craiglist Tips and Collectables”
Tony, I draw the line at cars under 100k miles. After several calls on C-L postings that didn’t reveal the miles and finding them all to be more than 100k, I now don’t call ads without miles disclosure. Have you ever called on an ad without miles listed and found a low mileage car?
hey Jim! I agree. Usually they try to hide the mileage but it really doesn’t do any good. Yes if it seems like a good deal, I still call just to see. Only takes a minute. Good luck and keep cranking Jim! — Tony