I BOUGHT A CHEAP VAUXHALL VECTRA ESTATE FOR £1,200!
Summary
TLDRThe video follows a used car dealer inspecting and detailing a 2007 Vauxhall Vectra estate he purchased for £1200. Despite initial doubts on the price, research shows it's worth over £2000. After replacing the windscreen and detailing the exterior, the dealer has spent nearly £1000 more than purchase price but believes he can sell the now attractive, low mileage car for £3295. The video provides an inside look at the work and decision making involved in buying, improving and reselling used cars for profit.
Takeaways
- 😀 The video is about a used 2007 Vauxhall Vectra the narrator bought and fixed up to try and make a profit on
- 😊 The narrator initially thought the £1200 purchase price was too high for a 2007 Vectra
- 🤔 After inspecting the car, the narrator decided it was in good shape and could be profitable after some work
- 👷 The car needed some repairs like new tires, brake pads, a windscreen and rust repair
- 💵 The total cost of purchase and repairs came to around £2200
- 🚗 The narrator cleaned and detailed the car to make it look its best before selling
- 🚘 The car is now advertised for £3295 as a well cared for automatic estate
- 🤑 The narrator hopes the repairs and detailing will allow them to make a good profit on the car
- 😕 The narrator admits they have overspent so far this year, despite intentions not to
- 👍 The video gives an inside look at the used car flipping business and process
Q & A
What kind of car is the narrator buying?
-The narrator is buying a 2007 Vauxhall Vectra estate.
How much did the narrator pay for the Vectra initially?
-The narrator initially paid £1,200 for the Vectra estate.
What issues did the Vectra have when purchased?
-When purchased, the Vectra had a water leak, some rust on the rear wheel arch, and needed new front brake discs, pads, and a seized caliper fixed.
What repairs and improvements were made to the Vectra?
-Repairs and improvements made were: new windscreen, rear wheel arch rust removed and repainted, full exterior buff and polish, headlamps buffed, full valet.
How much did the narrator spend in total on the Vectra?
-The total spent on the Vectra was £2,199.70 including purchase price, repairs, improvements, and valeting.
What is the narrator's asking price for the refurbished Vectra?
-The asking price for the refurbished Vectra is £3,295.
Why does the narrator think the Vectra is worth the higher asking price?
-The narrator believes the higher price is justified by the Vectra's low mileage, practical estate body style, nice condition after refurbishing, and overall improvement over its initial purchase condition.
What year and model Vectra did the narrator purchase?
-The narrator purchased a 2007 Vauxhall Vectra estate.
What is the odometer reading on the Vectra?
-The odometer reading is 81,000 miles.
What is the engine size and power output?
-It has a 1.9 liter diesel engine producing 150 brake horsepower.
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