2o6 Flip Car thread!

[SJ_GTI]

These days, black plastic trim and optional all-wheel-drive are enough to make it a crossover. See Mazda CX-3.

What he said.

In retrospect, the Matrix/Vibe were somewhat ahead of their time.

[2o6]

But, it's.... taller, at least?

No.

[2o6]

I'm about to buy a 2004 Cadillac CTS off a friend's coworker.

2004

120k miles

3.6L

Needs starter, as well as a Power steering rack.

[2o6]

Picked up the Cadillac!


I only paid $500 for it, which is a steal - its through a friend's coworker who just wanted it out of his house.


- 3.6L

- Automatic, trans replaced at 78K

- 116K miles!!!

- Has been sitting awhile, so it may need driven

- needs power steering rack, and possibly a coil or two.


KBB puts it over 4K for the value of the car.


I don't know what my budget will be - I know the rack is about $400 for the part itself, but I don't have any GM friends. My Honda/Toyota guy said he won't do it lol.

[ifcar]

Good luck! And don't give officers an excuse to pull you over, because they will...

[2o6]

Good luck! And don't give officers an excuse to pull you over, because they will...

Lol why?

[giant_mtb]

Whoever designed those vents can go to hell. They're such a PITA to clean.

[ifcar]

Lol why?

Because you're a young black guy in a Cadillac. That's probable cause for criminal activity.

[2o6]

Because you're a young black guy in a Cadillac. That's probable cause for criminal activity.

Eh.

[Payman]

Picked up the Cadillac!


I only paid $500 for it, which is a steal - its through a friend's coworker who just wanted it out of his house.


- 3.6L

- Automatic, trans replaced at 78K

- 116K miles!!!

- Has been sitting awhile, so it may need driven

- needs power steering rack, and possibly a coil or two.


KBB puts it over 4K for the value of the car.


I don't know what my budget will be - I know the rack is about $400 for the part itself, but I don't have any GM friends. My Honda/Toyota guy said he won't do it lol.

Solid buy. Should be an easy $2000 profit flip. If you have access to a hoist, steering racks aren't hard to swap out.

[2o6]

I have enough cushion for someone else to do it

[Payman]

I have enough cushion for someone else to do it

Yeah, you do. Even $1000 parts/labour leaves you $2000+ profit. This might be one of your best buys. There's lots of Italian-Americans in Ohio. 

[2o6]

Yeah, you do. Even $1000 parts/labour leaves you $2000+ profit. This might be one of your best buys. There's lots of Italian-Americans in Ohio. 

And black people lol

[2o6]

I learned from my coworker that it's been sitting for a year with minimal investigation to what's wrong with it. That's why it was $500.

[2o6]

Quick survey at 12am - the trunk doesn't open. I think the electronic latch is busted. One of the headlights is also broken; the cluster has a hole in the housing and it's full of water.

[Gotta-Qik-C7]

Because you're a young black guy in a Cadillac. That's probable cause for criminal activity.

Just might get life........

[CALL_911]

I can't believe those things have aged as well as they have

[Payman]

Quick survey at 12am - the trunk doesn't open. I think the electronic latch is busted. One of the headlights is also broken; the cluster has a hole in the housing and it's full of water.

Should be able to source those from a junkyard. You won't buy a headlight cluster new. Those things are $Texas$.

[AutobahnSHO]

I'd consider one of those.

[SJ_GTI]

I can't believe those things have aged as well as they have

+1, that is a nice looking car.

I remember test driving one of those a long time ago. IIRC it drove very well, but it was too big for my taste and getting a manual was next to impossible (even though it was theoretically available).

[Gotta-Qik-C7]

Vinsanity would love it!

[2o6]

So I'm trying to get a handle on the budget


Purchase price


- $500 purchase price

- $215 - steering rack

- $275 - steering rack labor (with alignment)

- $100 - headlight cluster

- $150 (est) trunk latch and labor

- $120 - detail

- $60 - torn seat cover

$1420 invested

It may need a starter.


kbb good to very good puts the range from $4167-4585

Potential profit

$2747 - 3165

[Madman]

Picked up the Cadillac!


I only paid $500 for it, which is a steal - its through a friend's coworker who just wanted it out of his house.


- 3.6L

- Automatic, trans replaced at 78K

- 116K miles!!!

- Has been sitting awhile, so it may need driven

- needs power steering rack, and possibly a coil or two.


KBB puts it over 4K for the value of the car.


I don't know what my budget will be - I know the rack is about $400 for the part itself, but I don't have any GM friends. My Honda/Toyota guy said he won't do it lol.

500 bucks?  Damn, that's a steal!  Well done!   

As a former RWD V6 Caddy owner, I'm really digging your Catera Touring Sedan! 

[veeman]

Aren't you over the number of flips you can do in a year without a license?

[2o6]

Aren't you over the number of flips you can do in a year without a license?

No. And it doesn't matter.

[12,000 RPM]

No. And it doesn't matter.

How doesn't it matter....

[2o6]

How doesn't it matter....

If the BMV does audit me, the only thing they can do is issue a fine or tell me to stop doing title transfers.




To quote cougs - this is an immoral law.

I have friends who do like 30+ a year and nothing has ever come against them.

[MrH]

Kevin quoting Cougs about law immorality.  I've seen it all!

I agree btw.

[2o6]

I finally started driving the CTS.


It's got a little more wrong with with it than I anticipated.


- the trunk is jammed shut, likely need a latch.

- the car is misfiring, but only on cylinders 5 and 6, and only above 3k revs, and not consistently or very long. I learned from my friend that the car has literally been sitting a damn year so t may just have old gas. I added 6 gallons of 93 octane to the 1/4 tank of whatever's in there. It may just need to drive the old gas out.

- there's a water leak. The spare tire well is full of water. (This may be related to the bad trunk latch)

- the body don't look so good in the light. The left rear quarter has been hit in the past and the paint isn't so hot. I notice, but I think with a buff and wax it will be fine. It has a dent and rust bubbles in various areas. I wanna dump it before those rust bubbles manifest. I have enough cushion - if I can get the body done for like $350, then it may be moot.

- brakes are pulsate-y expected for car that's been sitting.

- drivers rear window I didn't realize is held up with tape. It falls down.

- P0218 - code for t stat. (Coolant temp threshold too low)



Nothing is insurmountable.

[12,000 RPM]

Nothing is insurmountable, but some projects are not profitable.