I BOUGHT A CHEAP BMW 320D FOR £3,300!

Summary

In this video, the host reviews a 2012 BMW 320d he purchased for £3,300, a steal considering its condition and market value. He details the car's history, noting no accidents or outstanding finance, and addresses minor cosmetic issues. After investing in refurbishments like new tires, wheel restoration, and a valet, he lists the car for sale at £4,995, aiming for a profit. The summary of costs and potential earnings showcases the host's strategy in flipping used cars for a tidy profit.

Takeaways

• 🚗 The video features a 2012 BMW 320d automatic purchased for £3,300, which is considered a good deal by the narrator.
• 💰 The narrator originally expected the car to cost around £5,000 trade price, but was pleasantly surprised by the lower price.
• 🔍 A vehicle history check using CarVertical confirms the car has no recorded accidents, theft, or outstanding finance, and it hasn't been clocked.
• 📏 The car has done 128,000 miles, which is considered average for its age, having done most of the miles in the first three years.
• 🛠️ The car requires some minor paintwork and has some curved wheels, but overall is in reasonable condition for its age.
• 🛑 The car initially failed an MOT due to issues that were not specified in the script, but it is implied that these issues were addressed.
• 💨 The car has a twin-scroll turbo, not a twin-turbo, which is a common misconception the narrator wants to correct.
• 🛡️ The car has some service history, including a full service done recently, which should be a positive for potential buyers.
• 💺 Inside, the car is described as average for a 12-year-old vehicle, with some wear but generally clean, and lacking some expected features for a BMW.
• 🔄 The narrator plans to invest a maximum of £500 to prepare the car for sale, including fixing the steering, getting a fresh MOT, and ordering new mats.
• 📈 The expected profit from selling the car, after costs, is estimated to be around £1,200, assuming the car sells for £4,995.

Q & A

What type of car is being discussed in the script?

The script discusses a 2012 BMW 320d automatic.

How did the narrator acquire the car?

The narrator acquired the car from a trader friend who offered it to him after it arrived in parts exchange at a local main dealer.

What was the initial expectation of the car's price?

The initial expectation of the car's price was around £5,000 trade with a retail price of around £7,000.

What was the actual purchase price of the car?

The actual purchase price of the car was £3,300.

What does the narrator usually do to check his valuation skills?

The narrator usually checks his valuation skills by comparing his estimates with the prices listed on glass's guide or cap.

What is the car's model designation?

The car's model designation is F30.

What does the narrator think about the car's exterior condition?

The narrator thinks the car's exterior is in decent condition but requires some paint touch-ups and has some issues with the wheels being curved and overspray from a DIY respray.

How does the narrator check the car's history?

The narrator checks the car's history using carvertical.com, which provides information on whether the car has been stolen, written off, had a mileage rollback, or has outstanding finance.

What is the car's mileage as mentioned in the script?

The car's mileage is mentioned to be around 127,000 to 128,000 miles.

What does the narrator plan to do with the car after purchasing it?

The narrator plans to smarten up the car as best as he can without going overboard, with the intention of selling it for a profit.

What are some of the issues the narrator found during the test drive?

During the test drive, the narrator found that the car had a slight belt noise, the steering was off, and there was an amber warning light on the dashboard.

What is the narrator's final plan for selling the car, and what is the expected profit?

The narrator plans to sell the car for £4,995, and after accounting for all the expenses, he expects to make a profit of around £878.