Gas guzzlers aren’t very popular right now. Poor little gas guzzlers.
I’m reading stories about car dealers not accepting gas guzzlers as trade-ins anymore. Sales for gas guzzler cars are low now due to high gas prices and car dealers are finding themselves being stuck with them.
Yup, what was once one of the most profitable niches for car manufacturers is being unloaded for hundreds and hundreds less than what they are supposed to be worth.
But what something is supposed to be worth means nothing until you try to sell it out in the real world.
Hmmm, that got me to thinking if the little guy can still make a profit buying and selling cars or trucks that are considered to be gas guzzlers?
Despite the fact that gas is pushing $4.00 per gallon, I still know that even gas guzzlers will sell…
If the price is low enough!
And coincidentally (I don’t believe in coincidences), one of my readers of The Lazy Way To Buy And Sell Cars For Profit called last week to tell me about a profitable car deal he just concluded that corroborates that too…
I didn’t take notes during the phone call but I’m pretty sure I recall the details correctly here. Anyway, he told me that he just bought a 1985 Ford F150 for $500.00 (which I believe was about half of what the guy was asking for it).
The truck ran well and looked pretty decent but the paint along the top of it was faded and it needed a new rear window.
He spent about $300.00 by having the top of the truck repainted and getting a new rear window. I could be wrong but I’m pretty sure he said he bought a new battery too.
He put the truck up for sale for $2600.00 and sold it to the first guy that looked at it for $2100.00. He told me that he knew he could have gotten his asking price of $2600.00 but figured “what the heck” and was happy with a quick profit of $1300.00.
So yes, gas guzzler V8’s still sell, but you have to buy them super cheap…and you need to sell them at a discount.
Okay so buying super cheap is pretty much the crux of what I teach in The Lazy Way To Buy And Sell Cars For Profit, so nothing unusual there, but the other thing is that basic pickup trucks will always have inherent value because of their utilitarian use.
So can you make a profit selling gas guzzlers? Sure, this guy just did.
Steve
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