Does anyone buy cars, fix 'em up and sell them on again? I read about someone picking it up in his spare time after watching Wheeler Dealers, was wondering if it might be a nice thing to do at weekends.
It's not much of a living. If you pay attention when watching Wheeler Dealers, you see that they rarely make a profit that justifies the amount of labour involved.
You can earn decent money as a mechanic or dealer specialising in a particular marque or model, but you really need to know your stuff.
>>2824 You can certainly make a bit of money on the side, but unless you really know your stuff and are able to manage with money tied up, it's not something you could give up your job for. Someone I know does a bit of car flipping - buys cars in average condition on the cheap, gets the work done, and shifts them on at the top of the market range. The profit potential comes not from him doing the work himself (which he doesn't in most cases), but from recognising what work is needed and how much it's likely to cost. (It also helps that the taxman doesn't get to hear about it. Decide for yourself whether you're OK with this.)
>Does anyone buy cars, fix 'em up and sell them on again?
My brother did once, but just once, not as a business scheme. He bought an old Vauxhall Calibra from a chap who thought the transmission was shot. Accordingly, my brother only paid £1,500. But then my brother simply spent an afternoon looking under the transmission, tightening a few bolts here and there and doing a transmission fluid change, and voila, the car was good as new. It was in pretty good overall shape, so my brother eventually sold it the next spring for £3500, after fixing a few more very minor issues here and there. And then soon after, he put the profit towards a luxury summer holiday.
