Quote:
Originally Posted by California98Civic
So you are sorta flipping these cars... buy fix up and drive as a personal vehicle for a while, maybe a year, then sell... are you making any money off the resales, you think?
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Yeah. I do track my expenses and I think I typically net around $500-$700.
The 2004 Prius was the only one in recent memory that I've lost money on (I had it for about a year and it cost me $500 in the end).
I've done this most of my life - since high school days. Roughly a car a year.
But money isn't the main motivation. Mostly it's curiosity - I like to try out different eco cars that interest me. And I (usually) enjoy the process of rejuvenating the car. I'd probably still do it even if I was just breaking even, not counting my time (but not losing).
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And relevant to this topic...
The Fit sold this morning for $2200 "as-is". I had about $1k and 15-20 hours into it.
A young guy bought it to use as a runabout/commuter to save burning fuel in his pickup truck. (Insert seal of approval here.)