Sticking with What You Know

Sticking with What You Know

  I’ve come to find that the repair and service of vehicles is much easier and simpler once I’ve learned specific vehicle platforms. Every vehicle has its “known issues” but it takes time to obtain that knowledge and really figure out how to diagnose them...
Dealing with Depreciation

Dealing with Depreciation

  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...
How to Inspect a Used Car Before You Buy It

How to Inspect a Used Car Before You Buy It

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...
Why You Should Buy a Car from a Private Party

Why You Should Buy a Car from a Private Party

Three questions. What’s the risk of buying a used car from a private party? What’s the risk of buying a used car from a dealer? Do you know? I prefer private party I buy vehicles from private parties for a few different reasons, here are the main ones: When you are...
Quantify the Cost of the Vehicle Before you Buy It

Quantify the Cost of the Vehicle Before you Buy It

“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...
I Own My Home and Rent My Trailer

I Own My Home and Rent My Trailer

I’ve decided its best that I not own my own trailer. I came to this determination for a series of different reasons but they all compounded to make it very evident that it was best that I not own a trailer. Based on the vehicles I tend to buy I would need a tandem...