The Truth About Flipping Classic Cars For Profit

Filthy Rich answers a common question: Is flipping cars for profit a good idea, and what are the best vehicles to flip? Find out how Rich makes money flipping heavy equipment and doing car transformations!
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[@prancstaman]

Yes Sir!! It's only worth what someone will pay for it. Tools and equipment are the money makers. No one is going to care if there new looking forklift from 1950 that can lift the whole semi is actually a 70 year old piece of equipment, LOL.

[@brodie_lienemann]

I love how my man literally looks like he just came out of an exhaust pipe.

[@elvismartinez871]

🤣

[@jbrown577]

0 money in flipping cars ? 😁 that's what I tell everyone also, to thin the competition.

[@anthonyevich3836]

ha!

[@mp40submachinegun81]

Fr, just gotta know where to look and what cars to buy.

[@gearheadsoup4353]

sorry bro maybe it's just your mindset. me, my brother in laws and pretty much every Male I deal with flips classics full time and we are not having problems.

[@928pcar]

Any tips? Auctions? Certain brands?

[@aidenmata9567]

Agreed, sir. Same here. Don’t let people in on our trades though!

[@MrAdambeltran]

Yes sir I agree

[@USNVA-yn6cp]

judge GTO with numbers matching 454??? damn that real rare, I never saw a stock Pontiac GTO with a Chevy motor before

[@MuscleCarJunkiesCCF]

Yeah, I was thinking the same thing... Gto 454🤔🧐😂

[@johnoberle9750]

A car that needs some minor detailing and easy fix mechanical issues you can flip for profit. More often than not a major restore you will lose money. That is if your work is done correctly.

[@utooberblooper]

the issue is you never get cars that need minor detailing cheap.it doesn't happen in real life and if it does you are paying through the nose for it.

[@ianrutherford878]

@@utooberblooper I've been lucky a few times with everyday used cars, but the only people I knew who did it regularly were RUTHLESS. Every trick to pressure sellers to drop their prices LOW or walk away with the cash going back in the pocket and as determined as hell to wait and find a soft buyer who gives them the profit. Not nice people.

[@timpickens498]

I am 21 and I have bought and sold a couple trucks and cars and made plenty of money on them. Best deal was I bought a 7.3 idi for 3 grand and painted and put a o ring in the fuel filiter housing and a fuel filiter. Spend 100 bucks on those parts and the truck came with a snow plow I sold it for 6900 bucks

[@zestooo6932]

@@timpickens498 How much did it cost to paint? Did you do it?

[@RobertPerrigoOkiechopper]

I'm a retired GM tech & heavy metal fabrication Journeyman , I found flipping lawnmowers & lawn tractors is a better money maker. Hell 85% of the mowers I get are free for the taking & when running good with a littlwork & cosmetic cleaning bring top dollar home.

[@RobertPerrigoOkiechopper]

And the nicest part, No tags, titles or tax's. Or legal papers, & insurance . Just free greenbacks .

[@XxMusclecarsxX]

OKIE CHOPPER When I was 16, I used to bike around the neighborhood on garbage day ans always managed to find a lawn mower. I'd clean the carb and sell it for 70$. All I need for a week!

[@RobertPerrigoOkiechopper]

I still think of it as free money, screw the labor...LOLOL.

[@NDC1115]

I flip lawncare equipment as well. I make a good side income off of it

[@fishsquishguy1833]

The pricing on muscle cars kills me. They were originally a working man's car and stayed that way for a few decades. The money they want for them isn't really justified. I mean, don't get me wrong, I love old American muscle, but they're just not worth that kind of money. You could buy a modern muscle car that would run circles around it for half the price. You wouldn't have to worry about rust or restoration too. I'm not trying to shit on them, I really do love em. I miss the days when you could find a solid 2 door, pull a big motor from a station wagon or land yacht, add speed parts, and have a nice ride. As far as building or restoring something, even from the 80s or 90s, don't do it to make a profit, do it for yourself. Make money turning wrenches and let the greedy auction flippers try to ruin our hobby as they empty out 401Ks overspending for nostalgia.

[@cryptopirate8880]

Jim EC flip porsches 928s

[@AB-ou8ve]

As overpriced as they seem, it’s also a fact that few of them remain as they are rust-prone.

[@terryeffinp]

I am relying on the lack of interest in classic cars that my generation has. So that I can own my dream car one day.

[@truthseeker8483]

Not having showers proabably saves a lot of money too.

[@DEBOSSGARAGE]

I always get a laugh at the car shows showing them making money hand over fist but nobody is actually dirty. Can't make money without getting dirt under your fingernails. If you are making a go with old cars, try flipping equipment. You will do at least 3x better than with cars.

[@truthseeker8483]

Yes you are right I find there is a large demand for machinery here in Australia. Every guy needs a shed full of equipment right?

[@josephlemus8307]

simon ogden lmao i was reading your comment kind of confused as to why u said it then i look up at the video and crack tf up😂😂😂

[@utooberblooper]

it worked for you since birth so why not,right asshat?

[@jimboles967]

@@DEBOSSGARAGE I have been buying old fleet trucks, been doing well on them mostly cleaning and paint touch-ups to flip, I will start looking at equipment thanks for the advice, and yep we all get our hands dirty working in our flips.

[@trashbeatz4406]

you can make money flipping cars, you just have to buy super low and know how to find the right buyer.

[@utooberblooper]

you can but its slightly less possible than winning the lottery regualrly

[@quefol5291]

And do all the work on you’re own

[@GeorgiaRidgerunner]

Super low meaning ripping someone off?

[@Erated78]

Very practical view and I couldn't agree more with what you said. Cars can be money pits and the same with boats in my opinion. I'm going to make my wife watch this vid so I can finally get a skid steer ha ha ha

[@deriamcastro875]

B.s you can make money off anything.

[@keithjanko6849]

exactly . invest in the equipment then you profit . you can't pay any one else to do anything either unless you have enough experience and or the smarts . all the work has to be done by you . if you don't know you learn . you have to be smart in what you buy and how you work and how you sell .

[@keithjanko6849]

the creator of this video has done well , if his goal is money the current plan has maybe run it's course and it's time to move onto something else with the money and or knowledge he has gathered . maybe reselling mechanical equipment or tools .

[@rixpix2957]

@@keithjanko6849 Yep. Agree 100%

[@MalosGarage]

Yes thank you..

[@THIRSTYGUMS]

Money money money 💰 your a long time dead to be the richest man in the grave. Do it for love, do it to experience your own development, do it cause it's cool!

[@oliverroedel1111]

and the supermarket give you food for love hahahaha

[@miguelnieves9926]

Dude your way off! I flip at least 2 a week, averaging well over 3,500-7,500 month depending on what cars I pick up. I buy under 3 grand and always buy running cars and do my own paint and body wrk depending on what they need. I haven't had to work a 9-5 in years so info isn't exactly correct,

[@MrFreeze79]

ya it's sounds like he's talking more older classic cars. I would never touch that. if flipping cars wasn't profitable, dealerships wouldn't be around selling cars. it all depends on the deal you get when you buy, making an easier (or harder) sell.

[@utooberblooper]

a couple things dealers have going for them that the average Joe doesn't is they usually offer financing, they underpay someone to work on the cars and they sell the cars for 2-3 times what they're actually worth because they sell garbage to those of us with no credit.

[@MrFreeze79]

most dealerships don't really offer inhouse financing, there's plenty of companies/banks that do financing. the cars I would buy and sell would be under $5000.

[@alijuanhaytuz-0077]

Miguel Nieves yeah dude trippin. You get stuck sometimes but i been doing it 3 years my worst month made 1500

[@AlwaysBeSmart674]

DUDe how do you get around not having a dealers liscense in my state we're allowed to sell 5 cars a year...advice would awesome thanks!

[@christianbeall1427]

This guy is just trying to discourage his competition. There is definitely a lot of money to be made flipping cars

[@nyeahgarner2420]

I had a neighbor who would buy an old car with decent paint, drive it for a while, and then put it up for sale at twice what he bought it for. It would take 3 to 15 months but they would eventually sell.

[@openphoto]

I think if you added ' in canada' to the title a lot of these guys on here wouldnt be so butthurt.

[@hydrophaintconcepts4675]

Your right about the baby boomers and their classic cars of pre 75’. The prices are definitely going to shift with supply and demand. I think Hagerty has done an article on it as well. Love the channel!

[@fastmail55]

I totally agree. This has been my experience. Took 3.5 years to sell a restored '51 MG TD. Dealer in upstate New York offered me $10K. Told him to go pound sand. Finally with the help of a broker, sold the car for $21K. I still lost thousands on that one. Now I cannot sell a restored '29 Model A Ford Phaeton. Just had a dealer in Sacramento offer me $11K. Told him also to go pound sand. This is why so many classic car ads state NO DEALERS! Then there are the other low ballers, the con artists that surf the web and can barely speak English, the brokers, and the listing agents - speaking of which this is why many ads now state NO, I DON'T NEED HELP SELLING MY CAR!! Got started in the hobby in 1975. Man has it ever changed! We used to be able to at least recover the cost of parts if nothing else. Now we cannot even do that. Conversely at the top of the vintage spectrum, the rare high end cars are bringing in 6 and 7 figures whilst we at the bottom with our Depression era Fords or post war British sports cars take it in the financial shorts. I adjusted my life around these money pits for years. No more, I am getting out . But then so are many other Baby Boomers which is saturating the market whilst most Millennials have no interest in our cars. It's the Perfect Storm. What used to be a poor man's hobby has become, depending on where on the spectrum you reside, either a financial boondoggle or an investment medium. I am so Done With This!!!

[@AB-ou8ve]

Edward Henry Harriman What you described sounds beyond vexing. It’s completely unfair that you cannot enjoy your hobby/business because of some lowlives.

[@cesarconh895]

If you go on Craig's list you can find a some good deals on cars to flip from old people, divorce cases, people moving out of the country, or my favorite people that inherit a gem but are not into cars!

[@utooberblooper]

its an illusion and easier to win at a casino or lottery

[@fredcheesemonkey]

I flipped cars for a while, never lost money. However, it did take a lot of my time. As a didn't and still don't have the proper setup. Averaging 2 cars a year's. That's terrible. I found picking parts off cars at the pick n pull and selling them makes me more money and takes less time than flipping cars. It's also more enjoyable.

[@gphilipc2031]

Much like realestate...all the good things HAVE been taken. I had a '64 B Body MOPAR and a '68 GTO. I DID sell my old mid '70s JD 450 Dozer with fresh paint that I sold for $10K..did OK on that I think I paid $7K for it as I recall.

[@72cut87]

Have sold several classics for more than I paid, I think the trick is being happy with minor profit rather than wanting to make a fortune

[@no-vv2ku]

I can honestly say yoi are wrong and right about this.you have to know your abilities and what it will take to fix the car and how fast you can make it happen

[@goldsilverandiamonds]

Maybe the real problems is YOU just don't know how to make money off of cars.

[@utooberblooper]

the problem is good cars worth selling for decent money ARE SELLING FOR GOOD MONEY,everyone has the internet and knows how to use google,there's no good deals in pawn shops either.everyone is aware of the current selling price OF EVERYTHING.

[@Aronexo]

I flipped once, bought a 1976 280Z for 4 grand and ended up selling for 7 grand without doing anything to it. I still miss that thing though.

[@AudioOrchardMusic]

# Matching 454 in a 71 Judge? I disagree.

[@brandonshreve7450]

Restoring classic cars and flipping cars for profit are two different things I think he kind of got off the correct topic

[@rixpix2957]

Agree with both points

[@anthonyevich3836]

A guy I new sold his '90s 454 2500 Suburban for $2000 to a small dealership, he just didn't want it anymore I guess. The dealership turned around and sold it for $4500 with no refurbishing done to it because it was in good, rust-free shape (California Truck). So there is money in flipping cars, occasionally.

[@danesderelicts]

Excellent advice. So many bozos on KZbin. There like my grandparents gave this car and I sold it for 5k. You too can do this. Just a load of crap.😊

[@KingDawsy]

I disagree with the muscle cars such as the A-bodies. I don’t see them losing value especially with the restomods and protouring builds. The next generation won’t care about matching numbers and if it’s a real SS, GTO, GS, 442. If you upgrade it and give it more power, it’s money into it. The LS Swap culture is growing as well. You also need to be able to do most of the work yourself or partner with someone who has “expensive skills”.

[@MechRider89]

You know how many times I've been told "imports will never be worth anything"? more time then I can count, but prices are sky rocketing on lots of them....mk4 supra's 30K and climbing. Its got everything to do with the age of the people that owned them in high school or bought them new. My Dad had 3 69 dodge chargers when he was growing up plus a lot of other desirable muscle cars and just junked them because they'd "never be worth anything" (good old Sask roads) how wrong people think

[@richardprice5978]

MechRider89 what gets me go buy a new charger and take the hit or buy a used 3 year old and pray that it's okay and still take a small hit or go for the classic and hopefully it does appreciate and works out in all ways like not blowing up the engine but the new charger can have its character flaws to

[@ashtraybabyhead9126]

I bought a 1980 dodge d50 for $1150 and basically sold it for $2000 and could do something similar like every month. It’s a not a bad side hustle

[@TheChube25]

Curiosity question. Are shows like Gas Monkey garage and Counts Customs, just for show? Instead of making money on the cars, do they just make money on the viewership? I guess what I'm asking is, are the profits they boast, just a bunch of hogwash?

[@robertessary648]

Wrong. Plenty of money made on flipping classic cars. He’s talking about buying and restoring classic cars which I agree there is no money to be made unless it is ultra rare and sought after. At that point it’s more of a hobby than a business. Buy and sell with little to no work done when possible. Plenty of people post a car for sale without knowing market value. Also, plenty of people will take less than the asking price when you show up in person with cash.

[@C.dieslevonankwek7]

He meant that if you become a auto body pro and you want to rebuild a rusty piece of shit you can't make money on it. That depends on the vehicle, you can dump fuckloads of cash into rusty pieces of shit. Thanks to gas monkey and similar shows the price for classics has gone to stupid high prices, or at least people think some cars are made of gold, I hate seeing a 67 Chevelle 138 code car going back to the earth under a oak tree and dude that places the ad says " needs full restoration, numbers matching....50,000 obo".

[@fmachine86]

Funny that I made a good loving doing this exact thing. Quit my software job because cars make more money.

[@michaelanderson4836]

Anyone can make money selling cars that's why so many people do it with the buying price and selling price in right budget classic cars like camaro chevelle c10 truck can make a lot of money some people don't want to put 10 or 15 grand in a car or truck camaro chevelle trucks vette can sell for upwards of 40 grand to 80 grand but some like to flip late model modern cars trucks suv can make 1000 _ 3000 per flip and more in arizona where I live it happens all the time

[@pmcdriver]

this guy is misguided. what he said was mostly true but for flipping you don't restore them first. thats how you go upside down. and there are no pontiac GTOs with a numbers matching 454. he can't be that knowlegable. everyone misses the main way to make money on flips

[@Dwendele]

If I still had my (unwrecked) $400 1972 Datsun 240z today,....

[@rsanchez1669]

find the right car or truck to buy, put a little into and sell. no body wants the 77 monte carlo, but everyone wants a shortbed chevy c10 or a trifive.

[@deecee504]

Clearly this guy is a terrible businessman if he can’t make money flipping cars. Because I do it and make profit on every car

[@glizzygoblin-nl2uh]

This guys a clown lol you can forsure buy a shell of a car an make it right an sell it if you have the funds, know how and patience youll be fine you dont need 50k 100k to do it my guys live your dreams

[@vicfirthify]

secret of buying and selling,is KNOW what your buying and inspecting it,and having a gift to barter and get things at a good price,if it's pocketwatches to to cars,PIT your Poker face on

[@ShawnCFarm]

Lots of money to be made as long as you can buy them for the right price, do the work yourself. Hey I'll take all them model A's and T"s lol. A lot of rat rodders want the older cars like the A's and T's to cut up.

[@richardprice5978]

ShawnCFarm I like some of the pre 1950s stuff but not as a rat and I'm not from that generation especially mammoth bodied phaetons or roadsters with a convertible top but something like a 1909 Rolls-Royce or 1930s V12 ford is out of the average mans budget so I'd have to settle for a replica and not the real thing

[@jnelsonperformance993]

Dude you got it all wrong or you are telling only one side of the story I agree with what you said about not being able to get the money out that you put in (in some cases) but you're speaking as if people who buy these classic muscle cars are planning to use them as everyday transportation most people who are interested in classic cars are interested in them for fun if you go into it thinking that and look for truly profitable classic cars I think you will come out on the positive end if you're smart and do not buy a car that you're in love with but buy it strictly as an investment that is!

[@utooberblooper]

no money,the end.there will be one in 100,000 chance of a great deal but not enough to make a serious living.

[@mcrick8931]

Buy a good classic car from an estate sale, that has already been rebuilt by the previous owner,They cost a fortune to rebuild

[@jerryking9101]

I’ve mad money before and I’m no pro I’ve flipped 4 vehicle have always made money

[@ramvanbobby3889]

if your doing it to make a profit there is to a point but it also depends if that customer is looking for that kind of car and if there willing to pay that asking price I use to buy cars and re sell them but not anymore now I just collect and fix classics the cars i wanted when I was younger I find myself buying them and having fun

[@doncorleone7621]

You black faced yourself !! That’s racist !

[@tyanthony1499]

Turned off after the first sentence, 0 money in flipping cars? You sound insane

[@rgebes222]

Amen on buying equipment. I bought a commercial zero turn on Craigslist for $500 fixed it up and now i could probably easily get $1500 for it. Not a huge profit but not bad money for an 18 year old. I've gotten a bunch of free yard equipment over the past 5 years that is easily fixed up and sold for a smaller profit. It's not a full time job but it's easy side money

[@mrJayGarage]

Thanks for opening my eyes.

[@americatoken3334]

While he is talking, am thinking how will he do if he wants to eat a big mac right now 🤭

[@o2boutdoors]

Solid advice! People almost always seem to underestimate how quickly parts and supplies will add up. They also miss the transaction costs like sales tax and title transfer fees, assuming they're not floating the title.

[@AB-ou8ve]

...And storage and patience.

[@raulpompa9173]

455!

[@DEBOSSGARAGE]

+Raul Pompa Sorry, yes, it is a 455. Too many makes and models rolling around in my head

[@rooster68able]

Numbers matching gto 454 ?

[@tommywhistle]

Always trust the guy with soot on his face and hands lmao

[@thedragon2299]

That's funny...,people like Richard Rawlings became a millionaire by flipping cars, and we all sat on our asses watching him do it for years, that's just one example, I could go on all day! I personally have never lost money on a flip, but I mainly flip motorcycle. The key is to be a great negotiator and buy extremely low, if you can't then walk away.

[@DEBOSSGARAGE]

You can make money if you don't touch the car besides washing. RIchard Rawlings didn't ever sell one car. Every car is on a lot somewhere with Discovery cutting the check. If you notice on progressing seasons, the old builds are in the background. TV magic. People really aren't that stupid, paying 80k for a car that Richard bought for 5k, three weeks before. They can watch the episodes themselves

[@thedragon2299]

@@DEBOSSGARAGE I agree there are alot of builds still lurking in the background of the show, But I'm not even talking about the scripted show, he was flipping and even building cars, and became a Millionaire. Go tell someone like him there is no money in flipping cars, I guess some make money and some don't. Love your videos, and just want you to know that it's healthy to have our own opinions and have productive debates on these subjects, because in the end we all share the same love and passion for automobiles/motorcycles of all kinds. Thanks for responding.

[@Schiavoni85]

You got a good fucking attitude. I think we could be buds

[@Chevy_man]

😂 there’s lots of money to be made.

[@XSpt1]

7 years later the interest has gone up

[@label1877]

His standards are too high. You can’t bring classic cars up to perfection and expect to see a profit but I like his equipment advice.

[@fmachine86]

Let him tell everyone this. It keeps the competition away.

[@johnnymula2305]

Sounds to me like you dont know how to run a profitable business. Ive been buying, restoring classic cars for over 20 years. I make a 6 figure income consistently. Its all about buying the right ones at the right price. Also, dont buy basket cases. Buy them as finished and as restored as you can. Doll them up as much as necessary. Then sell it. I bought a 78 Bronco for 5500. Put 800. Into it, a good detail, sold it for 12,500. I just bought an 84 Bronco ll for 1500. Spent 400. On a good detail, swapped a 4 speed to a 5 speed trans (came with the vehicle) sold it for 7500. Even 80’s cars are making me big profits. So, when you say you cant make money flipping cars, you’re clueless.

[@928pcar]

Teach me your ways. I’ve wanted to do this for a very long time

[@johnnymula2305]

@@928pcar its not hard if you use what i posted above as a guideline. Also, the better condition the car when you buy it, the less work it needs, the more profit you make. Knowing what makes a car more valuable is where the profit is. Some people go over every nut and bolt and lose their ass. Others clean the car up and make a nice profit.

[@cruzjames1267]

Time has proven him wrong

[@BulletmotorsportsInc]

Wise words, Industrial trucks and equipment is the way to go for easy trouble free flips. clean up fix and sell.

[@igor4375]

Guys hes talking about flipping CLASSIC Cars which of course can be a bit harder to flip then your average vehicle. Of course you can make money flipping all kinds of vehicles you just have to know and be an expert in your particular market. I run a used car dealership and sold/moved 39 vehicles last month so obviously there is money in it. I have started out just by flipping 1-2 vehicles a month but eventually went in it full time, even purchasing a 9 car carrier to haul all my cars around. Ive made a video of my little operation on my channel, feel free to check it out. Good luck everybody!

[@HerbaceousM8]

so how long until you start doing electric conversions on old cars? 10-15 years until those are going to be just for the looks, not for the internals

[@DEBOSSGARAGE]

I'm up for anything. Instant toque on an electric! I'm sure we will be there at some point. I'lll enjoy the vibrations and noise while I can

[@MechRider89]

It will be interesting to see how long it takes for electric drive to be come main stream in the automotive sector. I'll miss the finicky combustion motors like crazy.

[@utooberblooper]

look up zombie 222,68 mustang 800 horsepower 1500 fout pounds of torque and does 180 mph,all electric.

[@AB-ou8ve]

What’s your take on parting out classics?

[@ImTheDaveman]

If there was an low cost way to convert (restomod) old combustion cars to electric - would there be money in that? I'm guessing no - but thought I'd throw that out there and see what you think. I know comedian/actor Tim Allen is restomoding an old car to electric - but its for his collection. He's out a heck-uva-lotta money on it too.

[@sophiagoucher3087]

I know you made this video based on likely your own experience, Sounds like flipping classics and hot rods is not your nitch, And it is true Not just anybody can do it. But for me I will never do anything else as I make well into the 6 figures and love making my living buying and selling hot rods and muscle cars. Also I disagree with you on buying and selling used equipment. I tryed that years ago and it works out until something major breaks on the equipment while in your hands or next day after selling it. Cars can be pricey to fix at times but equipment repairs can break the bank! just my expericence

[@zakblaze5728]

Use to buy wj jeeps with bad engines for 500 then buy engines for about 150 and sell the vehicle for $4000 lowest Iv got was 2500 so I guess depends on what exactly you pick to flip and what people are wanting at the time

[@markwood2389]

Yes yes yes...the money just not there in flipping anymore..Ive had a few #'s matching cars I should have kept from some my Daddys had..but he dont fall in love with none of them..When he's ready to sale he sales...Just got a 08 Crossfire...20% Chysler 80% Benz..Well have a blessed weekend Rich You and Your Family Deboss garage! PS watching old videos when there no new one yet..Lol...Great work looking out for the kids!

[@colinlevasseur1438]

Flipped a '50 something caddie. $10k, put $3k, sold it for $27k I'm confused.

[@prawnstar9213]

Don’t do it

[@carolinatray252]

Good video

[@Like_Video01]

The only reason the Ford Model A is still relatively cheap is because it was manufactured from 1928 to 1931 with a total production of right at 5 million. The 28 & 29 were basically these same car while the 30 & 31 were a bit different but all shared quite allot of the same parts. These cars were made all over the world from Russia, Britain, South America, and Australia as well as here in the United States. No other car in history can boast such a feat. These cars were produced so well it's a testament that they are still around and running 90 years after their production. It's the vast numbers that have kept their prices in check. Also having had every part manufactured for them for years now helps as well. They are relatively cheap own and restore if you do the work yourself. You can find them all day long for less than 6k. Now if you buy a basket case and spend 20k having it restored you'll never get that back. These cars will never be as valuable as a 1957 Chevy but then again you'll find more Ford model A's on the road today than any other antique car period. No matter if electric cars start to dominate these classics will always have a place as they have in the past. They will run off virtually any fuel from alcohol to standard low grade gasoline due to Henry Ford's engine design. You may call me crazy but I believe as long as they are drivers antique, classic, and muscle cars will always have a following. They always have and they always will and a person can make money dealing with them if they know what they are doing. One does not have to be at Barrett Jackson to make money on these cars. Matter of fact I believe Barrett Jackson has done more to hurt enthusiasts who love the cars than help the hobby. Just because a car is old doesn't mean it's worth 100k. Here again it's all about knowing the industry just like anything else.

[@ryanroberts1104]

Bought a Jeep 2 years ago for $5k. Blew the engine. Sold it for $18k. Did nothing, not even an oil change. Thank you covid!

[@alexovercast3359]

Wondering about buying ones for parting out and scrap though? Buying as low as humanly possible

[@philipingram1667]

You are exactly correct on flipping cars as the value of most old cars is falling due to no interest in them by new generation - they are gamers, sports freaks or computer geeks for the most part. Not many have Jay Leno's money or resources, either. If you like cars, you should buy the car you want to keep - like the GTO you missed - and don't think of it as an investment. These online auction shows (Mecum/ Barrett Jackson) have made people think any old car is valuable and it is not the case. As a professional mechanic, you know to be sure the customer has or will have the money to build their car ( or make progress payments) so you don't get stuck with their half finished car - I have seen it happen more than once. The idea of buying equipment / machines is also good if you are just starting out and have a place to keep them while you find work for them to pay for them while you own them. Mini excavators and Bobcats can make a lot of money in a short time. Enjoy your videos and like your hard work ethic - keep up the good work.

[@joeyalfaro2323]

learn upholstery if your flipping cars we use junkyard car seat fabric to patch seats for gypsies. I see them flip old dodges, broncos, fords, I live in Idaho there's zero rust on trucks out here. parking is big problem city used tag old cars. also I think you can only flip like 6 cars year. I pass title straight across sometimes

[@ianrutherford878]

I worked next-door to a guy who bought vans at auction.Runners with messy bodywork.He had shady pals who worked now and then for a meal and some cash.They did a super-quick sand and fill over the rust and spray-painted them with blue household gloss paint ,thinned with white spirit. I knew they were high-mileage clunkers but they shone.Took em and sold them at the auction place.Never got rich but made enough to keep doing it. Even when you know there's filler and hidden problems a shiny paint job makes it harder to bid scrap value for many folk.

[@bernhard8540]

the money is more in good shape rust free parts like beds and cabs and doors etc and stuff like the really popular rear ends and stuff like that

[@kwstaspapados2291]

Hello from Greece. If we keep a classic car 10 years more in the burn it will make money. Its an investment for future.

[@VintageCars999]

It is best to find the car youd like to restore and do it for yourself. It's an investment but it's also for the joy and nostalgic experience. You may even find that someone wants one and you can then restore another one provided you can get some money out of it. I don't think the combustion engine is going anywhere soon. But we also need people to find interest in these old cars because I believe that interest should continue and grow instead of dying because many people just are not interested in classics.

[@twistedpixel2558]

The buy here pay here lots make out like bandits. Generally speaking the amount they charge for the down payment is what the car cost them so all the payments you make on it for two years are pure profit.

[@granskare]

my wife's cousin has a volvo 1800 and a 25 model a and he's not an elderly guy :)

[@johnnyk617]

I'm from Boston I flip mowers and snow blowers fucking gravy

[@gillesvanleeuwen]

What about restoring and turning old cars into EV's?

[@ariesuribe]

Thank you man

[@Motherofchicken]

Hello, I hope you will answer this comment as I’m 7 years late, but do you think doing restoration on your own would be a viable job for someone retired? I used to be a performance mechanic, but I am medically retired and quit because my body couldn’t keep up (mostly due to my arthritis and not being able to take a break throughout the day to make sure I’m not doing damage to my joints). I’m sure if it took me 120-160 hours to do a car, I could get it done in a month or a month and a half, and that would net me like $80-120 per hour of work put into it, but factoring in how long it’ll sit, I’d still avg like 30-50 per hour of time invested

[@DEBOSSGARAGE]

I have 2000 hours into my GTO restoration....

[@Shredxcam22]

Tractor resale is nuts. 50 year old machines that bring more than they did originally

[@utooberblooper]

454 is chev,pontiacs are 455's,sorry had to help you out on this fact.

[@Johnkb2059]

He said GTO 454 the GTO did not come with a 454 that was a Chevy motor

[@lonewolf3564]

This guy is clueless and buying all the wrong cars to flip

[@mikeroberts5646]

That's a 455 CID if its numbers matching

[@jeremydale7263]

PONTIACS NEVER CAME WTIH 454s....

[@JoeSmith-rb9mq]

U all ways put a deposit on a car money talks

[@lancealotk]

Equipment and farm auctions generally have a couple of old vehicles thrown in the mix. They don't go for much because most of the people are there for the equipment. I see an opportunity here...

[@chappo8100]

+lancealotk negatory they go for what they're worth