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brock911 brock911 is offline
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Join Date: Sep 2012
Location: Niagara Region, Ontario Canada
Posts: 462
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Locating, inspecting, negotiating, repairing, restoring, investing and risking are hopefully part of the payoff when you sell for a profit... ask me how I know?

I believe the OP was only making us aware of this transaction, he even states "nothing wrong with profit making", and he's right, there isn't.

Making a 30 - 40% return on the face of it sounds better than it usually ends up. If the seller purchased for $21k and sells for $29k and had to invest 0 $$ in this car (which I seriously doubt) he stands to make a nice return on his investment. If he does this for a business and supports his family, pays wages, overheads etc his margin erodes and is left with a lower bottom-line.

Best wishes with the sale, looks like a nice car in a desirable color combination.

Mike
Old 05-04-2013, 06:05 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #12 (permalink)