When I get a car, I have a plan on what I want to do with it. Not to say money is no object, but I spend what the car needs according to my plan for it. Even if it’s just to get it to a stage that I can pass it along to the next person who might really want it. My goal as a “flipper” was always to keep the car in the $2500 range, this of course was back a few years, but I managed to find and improve a lot of cars that were below that and sell them for a profit at the $2500 level. Now that cars have dried up somewhat, I’m not pursuing them like that anymore.
The cars that I’ve kept over the years have an unlimited budget, not meaning that I open the catalog and get out the credit card, that means if a car needs something, I wait to find the acceptable part and spend the money. Just this past year, I spent at least $1500 on Nellas car so I could drive it in her honor. Not the most desireable car in condition, or make and model, but it means the world to me and I would spend many more dollars on it if it needed it.
Here’s a few cars I’ve bought in the past and sold at my $2500 limit. And this was putting time and money into them.
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