by Benji Johnson | Mar 21, 2019 | Lessons Learned, Strategy
What will your vehicle be worth when you go to sell it? On the day you purchase a vehicle it has an immediate assessed value, but as time goes on that value will decrease, or depreciate. Depreciation is the loss of value in the vehicle over time. The rate of...
by Benji Johnson | Mar 16, 2019 | Lessons Learned
A couple months before my wife was due with our third child we decided to buy a minivan. We bought a one year old, used, Chrysler Town & Country from a dealer. Our thought process was that we’d buy a relatively new minivan so we’d avoid losing on the...
by Benji Johnson | Mar 10, 2019 | Strategy
When inspecting a vehicle that you are interested in buying it is a good idea to have a strategy of how you will go about the inspection. By having a plan or order of items to inspect you’re less likely to miss something important. Most sellers list their vehicle...
by Benji Johnson | Mar 1, 2019 | Lessons Learned
The short version of this story is simple, I screwed up. Me. I never should have bought the car. But I had. The slightly longer story is that I bought a 2011 Subaru WRX hatchback at auction with a Nebraska Rebuilt Title. I went to the Illinois Secretary of State...
by Benji Johnson | Feb 17, 2019 | Strategy
“The money is made when you buy, not when you sell.” I don’t know to whom this quote belongs but I’ve known it to be true throughout my time flipping cars. General Strategy What I have personally done is to aim for the American Pickers method when buying. The...
