2o6 Flip Car thread!

[2o6]

Got this today






2004 Ford Escape V6, 4x4 XLT. 119K miles.



Trans/Front diff has a hole in it. It ran dry and failed. Car moves, but sounds and feels like death.

[FoMoJo]

How much for a used diff/trans?  Rebuilt are a couple of grand, it seems.

[Gotta-Qik-C7]

Looks clean!!

[2o6]

Good news!


It's not the transmission, but the transfer case. So instead of being $450, it's $150.


Bad news:


Other things are wrong, but mostly minor things


- Small oil leak (prolly valve cover gasket)

- Exhaust rusty ($150?)

- stabilizer link on driver's side ($5)

- ABS light is on ($20 for an ABS sensor)

- front rotors and pads look done ($70)

Labor: $700. Usually he charges $500 for a trans/engine swap, but I'll pay extra to not do a brake job in the cold and snow.


Then Detail - $100 ish.


Purchase Price - $900

(Tax, title, registration) - $90


$2185 - invested.


Private party range $3500-4150

I'm aiming for a minimum $1000 profit.

[FoMoJo]

Keep it for the winter.  Excellent drivers in snow and ice.

[2o6]

OK, the Escape is running now


1-3-5 cyl exhaust manifold replacement (that was the exhaust noise) - $99

Brakes, Endlinks, ABS sensor, pass side axle - $153

Transfer case - $150

Labor - $550

Purchase Price: $990

Total invested = $1942

[2o6]

She drives good! But it needs an alignment. And a detail (dog hair).

[Gotta-Qik-C7]

Whats the asking price?

[2o6]

Whats the asking price?

KBB Puts it at $3750. That's my goal.

[2o6]

Listed!

https://columbus.craigslist.org/cto/6486156436.html

[mzziaz]

Listed!

https://columbus.craigslist.org/cto/6486156436.html

I'd buy that.

[AutobahnSHO]

Listed!

https://columbus.craigslist.org/cto/6486156436.html

want

[Gotta-Qik-C7]

Yeah I'd buy that Ford!

[2o6]

Escape is gone! ($3250)


I could have probably held out for more, but my new job pays monthly and I'm trying to make it until March 1st on $62.37, so the extra bump was nice to have.



(Invested = $2092)


Profit = $1158

[Gotta-Qik-C7]

Escape is gone! ($3250)


I could have probably held out for more, but my new job pays monthly and I'm trying to make it until March 1st on $62.37, so the extra bump was nice to have.



(Invested = $2092)


Profit = $1158

Nice!

[AutobahnSHO]

Congrats man.   Are you going to keep up the flipping gig?

[2o6]

Congrats man.   Are you going to keep up the flipping gig?

Yes, but not as urgently.

[2o6]

I'm back!



2008 Toyota Yaris Liftback. Pretty basic; no options except automatic transmission and the 15" wheels. (super base models come with 14" wheels, and no rear wiper.)


It's only got 77K miles...


The guy hit something that a semi-truck dropped, and it punched a hole in the radiator. Instead of getting it towed; the owner drove it until it overheated and died. Then, it sat in his apartment complex's parking lot....since November 2016!


Well, I bought it for $1000. It's clearly gonna need some paint reconditioning. But 1NZFE motors are very cheap ($300-500).


With the low miles and automatic transmission, I predict a $4500 asking price.

[veeman]

Woohoo!  Nice find.

You know if you replace the hood with a carbon fiber one, you maybe wouldn't have to recondition the paint on the rest of the car as most of the mottled paint is on the hood 

[MexicoCityM3]

A whole engine for $300. Wow. Mind blown.

[2o6]

Woohoo!  Nice find.

You know if you replace the hood with a carbon fiber one, you maybe wouldn't have to recondition the paint on the rest of the car as most of the mottled paint is on the hood 

Eh, that stuff can likely be taken off.

A whole engine for $300. Wow. Mind blown.

lol it's not a BMW.

[2o6]

Yaris is running. Runs well, doesn't need anything else but a detail.


Running total:


Car - $1000

Tax Title Registration - $160

Engine - $350

Air Filter, front brakes, rad cap, radiatior, cabin air filter ~ $150

Labor - $600


Still to come - Detail/Paint reconditioning.


Total invested so far $2260.


KBB Value : $4250.


I'm AIMING for a 2K profit, but anything over $1200 is a success.

[2o6]

Detailed!

[CALL_911]

I bet the value on those things are solid, being JT VIN Toyotas.

[veeman]

That looks great!

[2o6]

Sold - $4000!


I didn't even list it! I took a pic and posted on my snapchat, then a friend of mine bought it off me a week later.



Profit ~$1500.

[Laconian]

[giant_mtb]

I've thought about getting into the flipping game now that I have a shop. I can detail and do basic mech work. But I'd probably lose my ass on cars that need major things.

[Morris Minor]

I like this thread. Finding a diamond in the rough.

[MrH]

I've thought about getting into the flipping game now that I have a shop. I can detail and do basic mech work. But I'd probably lose my ass on cars that need major things.

Kevin has a magician as a mechanic that works at a crazy speed for cheap prices.  Unless you're like that dude, I would be hesitant to jump in.  Kevin also picks cars he knows really well.  I'm shocked how well he's done picking which cars to buy.  The Journey might be the only loss in this whole group?  Or the CTS?  All the Toyotas and Hondas have been flipped for a substantial profit really quick.