How to flip cars UK | FULL PROCESS (5)
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- Опубликовано: 14 окт 2024
- How to flip cars UK | FULL PROCESS (5)
Welcome to the @Cars 'N' Stuff channel where we're starting off our RUclips journey to try and showcase how we buy and sell cars.
In this video, we're showing how we made just over £800 by making the car more presentable and doing a few things to it.
On this occasion, we've bought a 2011 Ford Focus Titanium with 114k miles and a very good service history. We've purchased it for £2,584 that included travel, service and paint.
Now, until we arrive, we don't know what shape it's in so I always go expecting the worse.
After posting it for sale, at £3,650, it was soon snapped up by a lovely local chap and we did a deal at £3,400 - making over £800 profit in just a few days.
We buy and sell cars on a part time basis so feel free to follow our journey and like, comment your thoughts (and tips) and feel free to subscribe!
(We're also very camera shy but I'm hoping to film us doing a few things and providing advice on how to buy and sell cars in the near future).
Links of products used for this video:
Titan Pressure washer: www.screwfix.c....
Poor Boys Bucket: www.amazon.co.....
Turtle Wax shampoo: amzn.to/3XFTJeX
Wash mitts: amzn.to/3uag6vx
VonHaus Dual Action Polishing Machine: amzn.to/3EMBOur
SPTA Polishing Pads: amzn.to/3XKjL0L
Meguiars Ultimate Compound, Polish and Liquid Wax set: amzn.to/3ATX6Fl
1500 grit, 2000 grit and 2500 grit sandpaper (wet and dry) for headlights - various options on Amazon but we bought: amzn.to/3FcYjKq
Large purple microfibre cloths: amzn.to/3inwOF6
Meguiars Tyre Endurance Gel: amzn.to/3OPoN7V
Meguiars Back to Black trim restorer: amzn.to/3H0EqYx
Turtle Wax Window Cleaner: amzn.to/3EPRixB
Meguiars Detailing Spray: amzn.to/3uaNJ05
All of the above have been purchased a while back and had offers at the time - just use what's best for you!
Videos mentioned in the video:
Autotrader free HPI check: • Free Auto Trader HPI v...
Channel: / @carsnstuff2666
#auctioncars #carsales #bca
These videos are great. Have wanted to get into trading for 5-6 years but my circumstances have not been right but looks like this year is the year.
A video of your start up guide to part time trading would be cool. Keep the videos coming 🤟🏻
Appreciate it mate! I think that'll be a video to come soon as not everyone knows how to get in to the trade
Just subscribed. What do you use to get your figures for your estimate prices to sell?
Also, as a Brummie, I’ve noticed you say “Birminham” and miss the G in Birmingham. Get the ing sound in there 😂😉
Keep up the good content mate!
Cheers mate. I usually use Auto Trader - filter for same age, mileage and spec and that should give you a ball park figure to advertise at.
Haha, sorry mate. I'll try and get the G in there 🤣
Hi this is a bit of a late comment but: 1) how did you pay for insurance to drive it back to your place? Short term cover is so expensive! 2) did the buyer inquire about why you were selling the car? Did you have to tell porkies about how long you’ve had it etc. 3) when you sell the car do you register it sold online with the dvla and that’s it? Cheers and great video
Hi mate - to answer your questions:
1. I have a trade insurance policy
2. Just be honest and say I buy and sell cars. It's usually in better condition and serviced etc.
3. Pretty much. DVLA site is open from 7am til 7pm or you can post the V5.
Any other questions then just let me know 👍
Wow thanks for the fast reply…much appreciated!
@@NorgieGeordie you're welcome 👍
you are perfect my friend, I love your videos 👍👍👍
Thanks for the feedback Ali, its much appreciated 👍
How long does it take usually ti sell a car? And what platform do use to sell them. Do you recommend Auto trader for a quicker sale eBay, Facebook? …. I wonder which you find most effective?Btw love your video keep it up man!
Sometimes the same day, sometimes a couple of months. Facebook has always been the most effective for me. Ebay and Autotrader haven't really performed the way I'd hoped. Appreciate the feedback mate 👍
just subbed! - Would be great if you could make a vid of you flipping a car bought from eBay or Facebook marketplace and going through the process of what sort of cars you were looking for, why you didn't buy potential cars you found what what reason etc. I'm looking to get into car flipping as a side hustle and that would really help me out. Also how do you suggest finding local car auctions, just simply searching google or is there a better way - Many thanks
Thanks for the sub mate! I used to buy off Facebook quite a lot but it's just finding the time really whilst working in a full time job too. It'll be easier in the summer with the lighter evenings though so I'll definitely post a video once I've identified a couple to make a few quid on. If you're just starting out, then Facebook and ebay are your best places to find something to start off with.and yea, Google local car auctions as there's quite a few independent ones across the country where members of the public are allowed to attend
I think Co-part has higher fees than BCA. I got one from them and im sure i paid alot more in fees.
Well done and thanks for sharing the info.
I think they do too, plus I don't seal with insurance write offs so just sticking with BCA for the time being. I might look in to Manheim at some point too
Trouble with cat cars they are harder to shift, I used to find so stop buying cat cars completely 👍👍👍
@Flipping Cars & Repairs I find that too sometimes but I buy and sell part time so never in a rush to sell
@@carsnstuffuk just whatch every one of your videos your doing great keep it up, what's your background 👍👍👍
@Flipping Cars & Repairs cheers mate! Started out as an apprentice Parts Advisor and moved in to sales. No mechanical background whatsoever
Bca cars are only for traders not general public
They are indeed - if you're looking to buy and sell cars then getting a trade insurance policy is the way to go!
@@carsnstuffuk BCA has very bad reviews just like co-part i just checked. Any other you may suggest. TA
@Raja Muhammad Naveed Riaz Some sites are. The Bristol site is the worst I've been to. Alternatively, just try local auctions or buy privately off fb or ebay
Hey great videos! I wonder how much does your trader insurance costs? And how many cars you flip in a month approximately?
Thanks mate! Mine cost around £1100 a year but can add as many vehicles as you want. Insurance premium will differ depending on your location, value of cars etc
@@carsnstuffuk Thanks for responding!
@@laimis56 you're more than welcome 👍
Try to have the music in the bg lower volume, nice video otherwise
I did try haha! I know what you mean though. Will amend for future videos 👍
These videos would be better without the loud music, otherwise great content.
That's my bad, sorry. The music doesn't seem that loud on the editing app but will note fkr future reference 👍
Not taken tax into the profit calculations
I pay tax personally but I use these videos as an example for anyone wanting to start out just to show the basics
@@carsnstuffuk haven’t included the 20% VAT on profit from the buying and selling price, if you buy for £10k sell for £12k the £2k profit is subject to vat of £333.33, leaving a profit of £1,667, which is subject to income tax at the appropriate rate.
@@markwhiting4669 as per my previous message. These are used as examples to show the basics
U mention ur profit of £800 odd quid but thats not the real profit as you have to give the government its commission vat etc
I just use these as examples for people who want to flip the odd car - just to show the process involved.
Do you need traders insurance?
If you're planning on doing it for the long term then yes. Otherwise, if you're thinking about flipping a couple of vehicles to start off with then either add cars to your current insurance or get temporary insurance. Just bear in mind you'll have to fill out the v5 in your name and tax them too if you go down that route
@@carsnstuffuk so if you have trader insurance how do you do the v5?
@@carsnstuffuk and do you not have to tax the cars?
@BigDerkaa not if you buy trade plates and have storage space to park them (driveway etc) then no
@@carsnstuffuk cheers mate I was thinking of doing this a long time ago and just got all my paint gear as thats my job so thought I could do that on the side too