Going to a Dealer Auction with $55,000 - Flipping $400 to a Ferrari
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- Опубликовано: 1 окт 2024
- What can I buy at a Dealer Only auction with $55,000 from my Ferrari Flip Series?
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Into the AM Clothing
Hey so I think doing 3 cars is a good plan. I’m going back and watching the whole series again and I think 3 cars is the sweet spot. 2 cheapo and 1 halo.
Yes this 👆
you really going to watch two years worth of videos, again?
@@vadim7590 lol
@@vadim7590 lol yeah. I’m already back to the Bentley stage. There’s a lot of videos but they’re only between 20-30 min. Besides this was always one of my favorite series that he started and they’re really entertaining 😂🤷🏻♂️. He’s been one of my favorite RUclips creators for several years now so I don’t mind going back lol.
Craig I spent 25 years as a wholesale used car dealer. Your strength is in reconditioning cars with cosmetic issues. That's how you earn your spread. If I had had your reconditioning strengths I would have gone in the retail business. Of course then I would have had to the retail public instead of guys like you m
I think always shooting for a mid-full size suv for 20-25k, a sports car for 10-15, and a sedan commuter (or two!) with the remaining money is the best for content while still making good money. We all love to see quick flips on the suvs and sedans, they make decent money. We also like to see our favorite sports cars! Even if they take a bit longer to sell, it’s nice to break up the content. Been enjoying the sn95 videos, hopefully you can get a 99-04 5 speed next!
He did have a manual gt 99-04, sold it very quickly too
You did the right thing with the 6-series... Would never buy without start/drive and checking electronics... Really crappy reliability...
I still wouldn't have bought it. lol
You're right about a recession coming. It will be an educational moment for many.
I'd go with a rolling 2/3 cars for the $55,000 - a mix of classic / sporty / rough & practical fixer-upper.
As nice as the Bentley & Aston were, I think the best viewing (and best selling) is sub-$20k that needs a bit of work!
As a viewer, the cars under 10K pump me up. Like "I can do that too, with just 2k? Wow!". And even though I know Craig has a lot more money than that and he can take a loss, I'm still rooting like it's his last dollar.
With the cars for 40-50K, it's entertaining but it's the charm of grinding is lost.
I had someone trying to scam me in comments of last video. 😂 I didn’t fall for it because they couldn’t give me any info to confirm it was you. Then wanted me to pay $200-400 on shipping for want I won, which they wouldn’t tell me what that was either. 🤣
“hey pay $300 in shipping for a t-shirt”
Same to me
Can I ask a realistic question......people are actually falling for certain ones of these scams and I'm just curious how. Why would you trust anything to begin with that doesn't come from the actual account. All the names that leave comments are obvious fakes and the messages are even worse. Not to mention they want you to message them and usually on whatsapp or some low used app. Like if you actually won they would ask you for your email or have you dm here or Instagram (on their legit account)
30 years ago I worked in a used car lot. I was 16 and I remember picking up the Mustang GT MCclaren edition and I loved it. I was the detailer and it taught me a lot.Totally a different word now.
I don't blame you for not paying those crazy prices. There is no wiggle room to make any profit at all. Those selling the Kia Stinger, were not being at all realistic. If they were that proud of it, wanted that much money, then fine, put it on their lot and sell it. If not, something is wrong with it.
I love the Maclaren! It would have made a nice addition to your collection. I'm looking for a Mustang convertible here in Texas for my wife for our 25th Wedding anniversary in August, V6, auto, 80 to 100K miles, 2009 to 2014, 10K to 14K, and the prices do seem to be dropping here in Texas a bit.
Love your tidbits on how the market is going! Your videos just keep getting better and better editing wise
On those bmw 4.4 engines, 90% of the time it's a $10 rubber diaphragm that leaks oil into the intake which causes the smoking. So the mechanic tells you the valve seals are bad and he makes 10k on the job.
The way to prevent the seals going bad is to drop in a thermostat that runs 10 degrees cooler. They run them at 100c for emissions purposes.
I picked up a used 4.4 at pick a part for $400. 60k miles later it's running great.
11 five thousand cars much better and more selection would be great. Then you would have around 80 thousand looks better, more work and problems But lots of RUclips content,in turn means more money. Winwin
I think buying cheap cars like the Honda Civic which made a net profit of 2500 US dollars this is a goof deal instead of buying an Aston Martin which made a net profit of 750 good luck it is your choice in the end and your money
Seems like you were looking for something super entertaining to buy. Ferrari flip is to build the $ up and make money.
I have a ZL1 I can tell you now the QUALITY IS WAYYY BETTER than a SS of the same gen. The interior quality is better
Every thing is over priced great time to sell. glad you kept to your philosophy buy low sell. High. Market sucks for flip cars.
Just take that $55k and buy yourself a couple of Accords or Civics and make some money.
The Raptor was the way to go 23k, could get 29k.
that bmw, on screen looked like white smoke, so either it has headgasket leaks, which i doubt on that year car, so most likely it's just collected condensation in the exhaust from sitting around in someones lot.
Now @11:26 is my kinda truck. Grew up with fridge & stove that color 😉
BMW convertible 6:50 with no key just screams at me a as a repossession
Your right.
But the key to it is….
Learn YOUR market. Different strokes for different folks 💪🏾
Thinking the same way, stay on budget but Ferrari during recession have to see positives here
Need to stop thinking you're a high end dealer..
I'm not but I do love the high end stuff
Interest rates will kick your ass! Lucky we have a chip shortage.
Do another video with German but with a 20k or 25k budget
Am I the only Honda boy that noticed that super clean prelude behind you
That charger could have easily been $20,000
who's prelude is the background?
I do believe that a bit lower prices cars are easier and faster to sell, another great video, love the way you explain things
Hey Craig: you're far more successful than I'll ever be but the thing is, you're not in this business or this series to put a smile on your face. You've got a corvette, and other cars for that. You job in this series is to flip vehicles to a ferrari. You bought the bentley, and got stuck with it for months. You bought the aston, and broke even (almost) on it. If you'd invested that money into easy to flip cars you'd probably have $80,000 in your pocket now.
Always worth watching, where's pops?
Why can't the Rogue and Yukon be Ferrari Flip cars? You don't have to buy "exotic", "special" or "fun" cars. I do get having one special car in your inventory to bring the traffic.
Good point
How about purchasing 10 cars @ $5k! See if you can bump into a Ferrari with one last big push!
Don't worry houses will crash in price too..
Squirrel
Drive a zl1 and you will change your mind
Unless you have no choice and absolutely need a car right now, it amazes me that people are buying cars.
you have done pretty good so far... i say you know what your doin...can't wait to see the results !!!🤩🍀
Some of those must be going to buy here pay here dealers
I say look for (1) 25,000 car and (4) 5,000 cars. It would move the flip forward faster. I have a blast seeing all the cool cars you get to see every day. Good luck at the next Auction.
He won't do 5 cause it takes up too much time when he still has the main business to run but probably back to 2-3.
I can't believe how much you still love cars ? I do love cars also. Fun video. Neal
Buy a bunch of cheap cars, Craig..
Because of the economic crisis and the rate of unemployment, now is the best time to invest and make money 💯
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Despite the economic downturn,I'm so happy☺️. I have been earning $ 16,000 returns from my $3,750 investment every 13days
I wanna Invest too, how do I get to Benjamin ?
I have also been trading with him, The profits are secured and over a 100% return on investment directly sent to your wallet. I made up to $59,370 in 2months trading with him.
Despite the economic downturn,I'm so happy☺️. I have been earning $ 16,000 returns from my $3,750 investment every 13days
I would look at a HondaCRV or Toyota RAV4.
Don't buy expensive cars......buy 10 cheaper ones....
I'm not in the car business, but if I were to guess...the sweet spot for used cars is the $15,000.00 to $25,000.00 range. I would buy three to four cars in the 10 to 15 thousand range...better profit opportunity and risk is spread out.
Start from one 300 euro car like the rest of us hahaha
This makes since 55K on one car you may have to live with for a while will keep the Ferrari away. GL
Thanks for watching hit the name above to claim your prize right now👇👇👇
Please buy an EV! I'm sure it would make great content 👌
Great idea!
2008 SRT-8 superbee with that mileage and condition is somewhere in the range of 12,000-15,000 if it is completely immaculate. Otherwise it's a $10,000 car all day.
Do several cars that add up to the total amount !
Why didn’t you buy the Yukon or rouge with the money an make that your flip money?
Good point
You dropped some great info in this video. Thanks for all the knowledge you're sharing
Great video 🇩🇴🇺🇸👍
I forgot about this series...
I’ve been seeing a lot more well-kept classic cars being listed on Craigslist and Facebook marketplace. Spotted my dream car (Garage-kept 1969 C3 Corvette) for around $33k. Definitely cheaper than a year ago but I’m getting the feeling that these sharp old heads are looking to liquidate some of their assets (including cars). Probably preparing for something big. Makes me nervous.
what App are you using when scanning the bar codes to get the cars value?
Laser appraiser. Mention flying wheels for a special promo
These are my favorite videos, hanging out at the auctions with all those cool cars. LOVED that older Ford pickup truck! Thank you for bringing us along with you. How's the new house coming? Will it be done for the summer season up at the lake? Will you be building a boat dock as well?
Hope you can do what I remember my wife can see what I can do with 👍 but I think I know what I am afraid of
id prob did about 20 cars under 5k lol. cheap cars sell fast.
Thanks for watching hit the name above to claim your prize right now👇👇👇
I admire your honesty. Sincerely it's refreshing to hear on RUclips
Let’s go algorithm!
That's a good looking Prelude behind you.
Thanks for watching hit the name above to claim your prize right now👈👈
Why you ain’t get the stinger
My friend had a 2012 Super Bee 70K miles, he sold it to a dealer for $16,000 then he saw the dealer listed it for close to $30,000.
The zl1 also has the magnetic ride control suspension. I agree Chevy doesn’t make them flashy enough but it’s purely performance oriented
@@marklynnreed I actually liked that instrument cluster / dash setup but I can see they are polarizing to each individual person. My only complaint personally about 5th and 6th gen Camaros is the abysmal blind spots, I had a 4th gen trans am for 15 years and it was one of the easiest vehicles to manuever as far as line of sight on a sports car, the 5th and 6th gens it’s terrible.
@@feron450 we rented one before we bought it and drove it to Key West and hated it.... ha. bought a Mustang convertible and absolutely love it.
I love this series... Your videos are both informative and entertaining! Keep up the great work!!
Never buy Kia, period
Good call on the Camaro and also on the Stinger.
Buy inexpensive, sellable ones with a good margin, so you can make the 55k closer to 100k so you can buy a nice Porsche :D
You can buy 2022 Chevy Suburban LT 36,000 miles for $55,000
2021 Ford Expedition Max Limited 4X4 17,439 miles for $55,000
2021 Ford Mustang Mach 1 3,604 miles for $49,500
2022 GMC Sierra 1500 Elevation x31 off-road 4X4 Crew Cab 3.0 6 cyl diesel 10.946 miles for $56,300
Hello Craig, Team and subscribers. I would like to know, how much we, " Down Under " Australia are overpaying for USA made cars. I think, we are getting ripped off. New GMC 4x4 basic model is around $190.000AUD. Used, example: 2016 GMC Sierra Denali Auto 4x4 $166.000AUD, 2015 GMC Sierra 2500HD SLT Auto 4x4 MY15 Double Cab
$135,000AUD, 2019 GMC Sierra 2500HD Auto 4x4 $174.000AUD,
I wonder, what these are sold for as " used " in USA?? Also, how much is new GMC selling for in USA. I was thinking of Importing direct from USA for me ( GMC, RAM, F-150 ), but issues is, we are driving on wrong side of road, mean steering wheel and pedals must be on left side.
Cheers guys, greeting from down under
I wish I could’ve won the Bespoke Post giveaway stuff… but I think if you find a import from the 90’s to the mid 2k’s, like a Mitsubishi Lancer Evo 6-8, 3000gt-vr4, Acura integra type R, or the famed 92-97 Mazda RX7 FD, which could easily go for 45k … just something to look into…
I think you should stick with sub 5,000-10,000 cars. Seems like you make more on those usually. Obviously if a high priced one crossed the block at a great price snag it but sure seems like you make 100% even sometimes on the cheaper stuff and in general a quicker sale.
Whats all that BS..with 400$ to 55k..maybe to atract higher subscribers ??🤣a cardealer buys that what sells ,and not what he likes..its just a foolish buisiness concept....and if you cannot smel bad oil and listen and detect a bad engine you not a real Cardealer,i do importing cars from the USA since 1990..back then directly..today online trew a broker..🤔🇺🇸🇩🇪🇪🇺
I can't see why your even looking at these lumpy motor's...car trading 101 is buy what sells...5k motors in clean condition is the way forward...And Don't Fall In love With Your Stock!!!
dont read text messages while driving. very dangerous. good biz advice ... dont buy just cuz you can. buy with discipline.
great stuff thanks
Those hemi chargers, the SRT 8’s, are really going up in value. In the part of the country I live in, if you can find them, they’re running between 15 and $20,000 depending on mileage and condition. Luckily we don’t have to deal with rust out west.
I’m 55 and have some fun money ready for a Shelby gt350, zl1 , Bmw m2. This market is insane. This bubble will burst and many people will get wiped out. They are way overpaying. We’ve seen this story before, a major recession is on our doorstep
I like that you share the wins and losses.
I had a bespoke membership. Only think I use is a knife that I use now to cut open boxes. It wasn’t worth it for me.
If someone has a better experience, please share.
Appreciate the "blah" feeling about the Camaro but super low mileage and looked really sharp. Perfect time to be buying / selling a Camaro that looked like it would be an easy sell? Hmm think you missed a quick 3-4K with no work or investment required? BUT you are the man and know better then us Craig!
20:30 when I bought my last new vehicle (f150) I had a lease to turn in and they sent my dad (who drove and delivered vehicles for the dealer) out to my shop with the truck I looked at it, we went to lunch, he drove it back, we made the deal over the internet and to save time, they could have sent my dad back with the truck and the paperwork and they'd pick up my lease and I wouldn't even have to leave my place.
The way it worked out though I was going to be around the dealer a few days later anyways on business so I did it all then.
My dad told me he did that all the time now. Brought vehicles for customer's place of work to make it easy for them.
It is good that you a honest about your pricing. Virtually every used car is super inflated in value now. Your profit margins would be low. I would rather see someone like yourself making a living instead of a huge dealership. I traded my 2016 GT-R into a local Nissan dealer and you'd think I'd screwed them royally for getting 68k for trade in. Two days later it was on their website for 89,900 dollars and sold the first day. My distaste for car dealers is so deep.
1:59 You should've checked that Saab. It's a second gen 9⁵. They are a rare sight
Nice stock prelude in the back of your giveaway
Good eye😁
@@FlyingWheels building my own, but it's already far from stock, keep up the good work, can't wait to see the Italian purchase one day 🙏🏻
You should of taken the Sti home they are crazy expensive now since they stopped making them
Why not change the series to flipping $400 into $100,000 because you’re already half way there
You know damn well the dealers paying too much make money on shady financing
Can’t believe Craig ignored the Explorer Interceptor right next to the 6 series. Catch of the day!
That vehicle will move out! I saw one that had plastic back seats tho….the police version might be an issue for some of us.
The car market is nuts... but a Kia Stinger would have been cool I've seen 0 on the RUclips car channels I watch... and that's a rather excessive amount lol.
Sold all my shares between September and December last year. Waiting for the market to get much nearer the bottom. Might need to wait until the autumn to buy again.
Do something crazy and buy some palettes or something no one would expect. You can flip anything to a Ferrari. Maybe tie some up in crypto or stock. You could use the flip money to put a down payment on a rental property and use the rental income to pay a Ferrari payment if the market does something screwy.
You'll reach more demographics but hopefully not alienate your base. Have fun with it, you make the rules anyway.
For the algo
Been watching since the start of your flipping 400 series and loving it. Initially you wanted to show how any one can do it, but now you have moved buying cars at a dealer only action and getting your media guy to take photos and list for you don't lose focus of the original goal. I have mentioned this before, starting to lose interest as I feel your starting to cheat
you seriously thought someone could buy a Ferrari with $400 flipping cars? Maybe a model car, lool. It's a topic for content, nothing else. Don't take it seriously as a tutorial or something.
When did he say his goal was to show how anyone could do it? Actually the general public can get into these auctions if they have a sponsor.
If you pay me i give you a hinch,what will sell soon out the roof....but i not like competition against me at Auctions..🤣👍
Great Video, my dealership is looking for cars as well I definitely have paid to much just to keep my lot full.
Note to kids with clapped out subies.... pull all the modifications out to sell separately and have grandpa sell it as "stock". Lol
I agree with you. I figured I would never get the amount for my 2 cars to get a new one like I would 6 months ago. 1 year from now cars I believe will be 25% lower? Is that too ,inch of an over estimate?