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Registered
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
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