come on then lets hear your money making ideas
Discussion
The Spruce goose said:
in 3 months i turned a 550 car into a 1000 car, by buying and selling. All off ebay. No othera coats besides travelling and insurance, i bought and dold twice.
Sorry. Are you saying that in 3 months you made 450 quid minus insurance and travel costs by turning over 2 cars?If so that seems more like a complete waste of time than a money making idea.
If your working on such small mark ups then your going to end up with a car that needs something as small as a wheel bearing or 2 tyres which will completely wipe out your 3 months profit margins.
rufusgti said:
Sorry. Are you saying that in 3 months you made 450 quid minus insurance and travel costs by turning over 2 cars?
If so that seems more like a complete waste of time than a money making idea.
If your working on such small mark ups then your going to end up with a car that needs something as small as a wheel bearing or 2 tyres which will completely wipe out your 3 months profit margins.
yes but isn't life about taking a risk and it was pretty minimal as I buy cars with parts I can sell off..miltek exhausts etc. So far up by about 600 quid this year, had 5 cars, lost on 2.If so that seems more like a complete waste of time than a money making idea.
If your working on such small mark ups then your going to end up with a car that needs something as small as a wheel bearing or 2 tyres which will completely wipe out your 3 months profit margins.
For example i bought a 1996 323 for 420 with 6 months tax and test. something goes wrong i sell it, but do a few things and sell in 3 months for 600 and invest in another. it is just a hobby and i like the risk abeit very small change. In a year aiming for a grand equity then double up year 2.
I am not gong to make millions just get to drive some nice cars for a few months.
Edited by The Spruce goose on Sunday 9th September 18:41
The Spruce goose said:
rufusgti said:
Sorry. Are you saying that in 3 months you made 450 quid minus insurance and travel costs by turning over 2 cars?
If so that seems more like a complete waste of time than a money making idea.
If your working on such small mark ups then your going to end up with a car that needs something as small as a wheel bearing or 2 tyres which will completely wipe out your 3 months profit margins.
yes but isn't life about taking a risk and it was pretty minimal as I buy cars with parts I can sell off..miltek exhausts etc. So far up by about 600 quid this year, had 5 cars, lost on 2.If so that seems more like a complete waste of time than a money making idea.
If your working on such small mark ups then your going to end up with a car that needs something as small as a wheel bearing or 2 tyres which will completely wipe out your 3 months profit margins.
For example i bought a 1996 323 for 420 with 6 months tax and test. something goes wrong i sell it, but do a few things and sell in 3 months for 600 and invest in another. it is just a hobby and i like the risk abeit very small change. In a year aiming for a grand equity then double up year 2.
I am not gong to make millions just get to drive some nice cars for a few months.
Edited by The Spruce goose on Sunday 9th September 18:41
Actually if it's a hobby then fair enough. But set your goals higher. Why did it take 3 months to sell a £600 car? 5 cars and lost money on 2, I guess your getting very cheap motoring at best.
The Spruce goose said:
yes but isn't life about taking a risk and it was pretty minimal as I buy cars with parts I can sell off..miltek exhausts etc. So far up by about 600 quid this year, had 5 cars, lost on 2.
For example i bought a 1996 323 for 420 with 6 months tax and test. something goes wrong i sell it, but do a few things and sell in 3 months for 600 and invest in another. it is just a hobby and i like the risk abeit very small change. In a year aiming for a grand equity then double up year 2.
I am not gong to make millions just get to drive some nice cars for a few months.
What nice cars do you get to drive that cost under £500? Very confused.For example i bought a 1996 323 for 420 with 6 months tax and test. something goes wrong i sell it, but do a few things and sell in 3 months for 600 and invest in another. it is just a hobby and i like the risk abeit very small change. In a year aiming for a grand equity then double up year 2.
I am not gong to make millions just get to drive some nice cars for a few months.
Edited by The Spruce goose on Sunday 9th September 18:41
Also if they break you sell them? Bit odd selling on a lemon, my conscience wouldn't let me do that.
Clean carbs and injectors / anything metal at auto jumbles or mobile
Same with jewellery at anywhere women congregate, you do it whilst they wait It takes 90 / 180 seconds and you need a drying towel of microfiber.
Start up is £30 + location costs, to do it with a decent machine it's £120
I know one guy who does mower carbs only and removes and cleans them as a full time job (inc servicing the mower)
Same with jewellery at anywhere women congregate, you do it whilst they wait It takes 90 / 180 seconds and you need a drying towel of microfiber.
Start up is £30 + location costs, to do it with a decent machine it's £120
I know one guy who does mower carbs only and removes and cleans them as a full time job (inc servicing the mower)
king HUGE.
rufusgti said:
Sorry. Are you saying that in 3 months you made 450 quid minus insurance and travel costs by turning over 2 cars?
If so that seems more like a complete waste of time than a money making idea.
If your working on such small mark ups then your going to end up with a car that needs something as small as a wheel bearing or 2 tyres which will completely wipe out your 3 months profit margins.
If you are doing it as a business, and let's face it you aren't trying to make a loss, then chances are hmrc will show interest. Unless you live on an isolated farm and have a new mobile number on Gumtree every week, then your neighbours and the council might diss approve, not to mention your mortgage company if you have one. If so that seems more like a complete waste of time than a money making idea.
If your working on such small mark ups then your going to end up with a car that needs something as small as a wheel bearing or 2 tyres which will completely wipe out your 3 months profit margins.
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