Today’s topic is How To Import Unique Cars and Sell for Profit – Flipping Cars Made Easy!
Sorry for the technical difficulties at the onset. Let’s do a quick shout out. Where are you from? My daughter, Mayah will help me do the shout out.
Detroit … Texas … Crystal Lake, Illinois … Southern California … Bay Area, California … Anoka, Minnesota … Cleveland, Ohio … Red Deer, Canada
I’ve bought cars from all over the US, sold cars and exported some of them out of the country, but I never tried importing a car. Luckily, I found this really cool car while I was in Japan.
I had it imported from Osaka, Japan and had it shipped here in Texas. Then I just got it five days ago, when I was still in Japan. I did this because I want to know how the process works, so I can document everything including dealing with customs and all the fees, then give it to you in a simple and easy to understand way.
It’s a 1989 Daihatsu three-cylinder 550 cc Mini truck with right side drive. The truck just has 95 kilometers on it, which basically 5,500 to 6,000 miles. This is a two-seater, four-speed truck and is only around 1500 lbs.
Check out the video if you want to see the inside and the back of the truck. The cool thing about this truck is it turns into a flat bed. I need to oil it up. It’s not a hydraulic bed. It’s just a basic two-wheel drive Pickup. It can hold 650 kilograms, which I think is about 1,400 pounds.
If I wanted to spend a thousand dollars more, I could get a four-wheel drive one. This is my first import from Japan, so I didn’t want to spend too much. I got it for $2,500 USD and cost me $1,400 to ship it to Galveston, Texas, plus miscellaneous custom fees. I’m in it at about $4,500. Wow! That’s a lot for a little truck.
My neighbor saw it yesterday and offered me $6,000 for it. I did the research before I bought it and in good condition, it’s around $8,000. I know I can sell this for $6,000 to $8,000 as is.
It’s an ’89 model, so it’s over 25 years old, which means in most states, it’s street legal. I’m going to try it on the road here in Texas and I know people are going to stare at it when I’m driving it.
I can buy these all day long. I think the next time if I do import them again, I can fit four of them in one container and have the entire container shipped over.
You can probably make three or four grand a pop on these things. Especially, if you’re buying in bulk. I think they’re really cool.
Honestly, I’m not going to sell the truck. It’s just a show truck and will do a custom complete paint job on it to make it look cool. The interior is really clean so I’m not going to touch it. It’s immaculate.
This is all original paint. If you buff it out, it will look okay, but we’re going to customize it and look really great.
I haven’t done the registration yet. I need to get insurance for this first and then, see the process on how to get this thing on the road. We’ll document everything as well.
Here’s the engine and both of the seats pop up. You get access to the motor, the radiator water and you can check your oils. But, if you want to do major engine work, you need to get to the back and take the cover off and you get access to the complete engine from the back. Check out the video as I show this to you.
Here’s Mayah on the min-YSR 50 Motorcycle. I’ll put that mini-bike at the back of the truck when it’s done. I’m thinking of doing a two-tone, a nice cool teal and white. What do you think? What are your color suggestions?
I plan to import some more and sell them. They’re unique and eye-catching. Something you don’t see everyday. There are a lot of people there who can pay potentially $8,000 to $10,000 for one of these.
Question: If you will put up one for sale on a website, which one would you use for something unique?
I would use eBay and Craigslist. I would drive it around a lot with a “For Sale” sign on it.
Feedback: They did important a few of these in the ‘70s, but I haven’t seen one in 40 years.
Wow! This is a 1989 model. Once you get up to 1990, they came up with a 5-speed and still make them brand new today, just the front end is a little different with newer style headlights.
If you have to import one of these, they have to be 25 years or older, for you to get low taxes bringing them in to get them registered on the road.
In the states, if the car is 25 years or beyond that, it’s doesn’t have to be DOT approved. (Department of Transportation). This is most likely going to be able to pass inspection, get a registration to get it on the road.
Question: Does your course also work in Canada?
Yes, definitely. My F1 AutoCashFormula 2.0 – How To Buy And Sell Your Cars works worldwide. We have VIP members from Mexico, Canada, United Kingdom, Australia and someplace else. You basically have to use and apply the strategies within the program to your local market, so check out the F1 AutoCashFormula VIP Program to get in the game of flipping cars and earn huge profits.
Question: What’s your favorite car, Mayah?
It’s hard to tell, I like everything! I like the Miata and the BMW because they drive fast, but I love driving this pickup truck! (LOL!)
The bed is 6 1/2 by 4 ½ feet. It’s a pretty wide bed, but you can’t fit a plywood. I’ve seen bikes at the back of these. Some replace the engine to a Suzuki Hayabusa engine, which is about 1300cc to 1500cc and is 3x the power of the original one in the truck. You can convert this thing into a higher speed motorcycle 6-speed engine in it.
Question: What are the advantages of having a dealer license to buy and sell cars?
If you have a dealer license, you could basically feel a little bit more legal. You can go to dealer auctions and you can buy and sell as many cars as you want.
If you want to look into dealer licensing, check out GetYourDealerLicense. I partnered up with my buddy who is an expert in dealer licensing and he put this product together.
It’s a way to get a dealer license that will basically save you the headache of getting your own. You partner with a dealer to get in for a lot cheaper, no costly fees such as paying $50,000 in a bond, and a lot with a handicapped bathroom, and all those other stuff.
I always recommend that you invest in your own learning, invest in other people’s experience. You can learn more and faster by learning from other people’s mistakes. It’s worth paying for the learning to get the advice and the knowledge that you need, so you get to skip some of the failure of just figuring it out on your own.
My daughter is 8 years old and she’s an incredible reader! I probably never read a book until I was 17 years old! LOL!
A lot of people make excuses not to get started. Some people make the excuse of not having a garage to not start flipping cars and make extra income. You do what you need to do to get to the next level. Keep cranking the dollars, stacking the money, and keep investing, not just in vehicles, but in stocks, real estate or whatever.
Question: I’m in Motor City, Detroit. American cars are everywhere. My market is saturated with American cars. How do you suggest I go about flipping in this market?
You need to figure out what are the most popular cars in your area. What do people want? Those are the cars that you want to look for. It doesn’t matter if the market is saturated. You’re probably looking at Chevys, Caprices, Caddys. Maybe that’s your market.
Question: I went to check out a car. The owner pre-heated the engine. Red light or no?
That’s a good question. Maybe he just wanted it warmed up. You could ask if it has any issues starting cold. You can ask to come look it up the following day and tell him not to start it up because you want to look at it cold.
I’ve looked at cars in the past where the owner had it already running and I didn’t have any issues, but that’s a very good question.
Question: I found a 2007 GMC Yukon for $2700. Isn’t this too cheap? Is it too good to be true?
Yeah. It’s too good to be true. If it’s too good to be true, it probably is. Have it looked at. It’s probably a scam.
Question: Can you do this full time with $25,000?
Question: I buy cars 200 mile radius. I’m thinking of buying a pick-up truck and car trailer to solve logistics issue in getting cars back home? Do you think it’s a great idea?
I think it is. Are you kidding me?
Question: When is the best times to post ads?
I talk about the best times to post within the VIP area. I don’t want to give it away here. So if you guys want to learn my trade secrets, check out the F1 AutoCashFormula 2.0 VIP Course.
If you are getting started with this, grab my FREE Report and get to know more about what’s in store for you within VIP.
It’s Tony from F1 AutoCashFormula 2.0. Thank you everybody for getting on tonight. Sorry for the technical difficulties earlier. I’m heading out to Mexico next month, and the internet connection is there is tough, so I might be challenge to do the live streams from there.
I will keep you posted on this truck. Thank you everybody and I’ll see you again next week, Wednesday at 9pm Eastern.
Talk to you soon! Cheers!
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