I HAVE 72 HOURS TO SELL 4 CARS...

Summary

This video follows an individual as they flip cars in a quick 72-hour turnaround. From purchasing used vehicles at auction, making basic repairs, and cleaning them up, to negotiating deals with customers, the vlogger takes us through their fast-paced process of buying and selling cars for profit. With a mix of humor, urgency, and some minor mishaps (like a non-working window), the video offers a candid look at the hustle behind car flipping, while providing insight into the challenges and rewards of this side business.

Takeaways

• 😀 The car flipping process is fast-paced, with the goal of buying cars and selling them quickly for a profit.
• 😀 The car seller guesses the number of previous owners of a car by checking its V5 document, relying on experience to make accurate predictions.
• 😀 There is a sense of urgency as the seller works against a 72-hour deadline to buy, repair, and sell cars.
• 😀 The seller uses basic repairs and maintenance like replacing wheel covers and cleaning cars to make them more appealing to potential buyers.
• 😀 Some cars are bought and sold quickly, with some selling even faster than expected due to competitive pricing.
• 😀 The seller is flexible on pricing, willing to accept any reasonable offer to sell cars quickly, with a set minimum price for each car.
• 😀 The process includes a test drive, where the buyer checks the car's condition before committing to purchase.
• 😀 The seller maintains a no-nonsense approach, focusing on making a profit without emotional attachment to the cars.
• 😀 There's humor and a light-hearted vibe in the interactions, especially when discussing the seller's past driving experiences and car mishaps.
• 😀 The seller showcases the importance of quick decision-making in the car flipping business, such as flipping a coin to make decisions on car parts and repairs.
• 😀 The fast sale process includes accepting cash and bank transfers, reflecting the need to be efficient and flexible when closing deals.

Q & A

What was the main focus of the video in terms of car flipping?

The main focus of the video was on the process of buying, improving, and selling cars quickly for profit. The presenter shares their experience flipping cars within tight timelines, improving their condition, and negotiating sales.

How does the presenter determine the number of previous owners of a car?

The presenter guesses the number of previous owners based on the car's mileage and the car's documentation, specifically the V5 registration document. In the video, they guess that the car has had three owners, which turns out to be correct.

What modifications did the presenter make to the cars before selling them?

The presenter made several modifications, including adding alloy wheel covers, replacing number plates, and cleaning the cars. These simple improvements were intended to enhance the cars' appearance and increase their resale value.

What is the significance of the 72-hour timeframe mentioned in the video?

The 72-hour timeframe is crucial because the presenter aims to sell the cars within three days. This challenge adds urgency and highlights their ability to flip cars quickly in a competitive market.

Why did the presenter choose to flip cars quickly instead of keeping them for longer?

The presenter was focused on making fast profits and efficiently flipping cars without holding onto them for too long. The goal was to buy low, make minor improvements, and sell quickly to maximize profit.

What challenges did the presenter face while flipping cars?

The presenter encountered challenges like having limited time to complete the flips, dealing with minor car issues (such as a faulty window), and negotiating with buyers who were sometimes far away, as seen in the case of a customer traveling for three hours.

How did the presenter handle the negotiation with the buyer for the Polo?

The presenter was willing to accept a reasonable offer for the Polo and even accepted a slightly lower price than expected, ultimately negotiating the final sale price at £1,350, with some back-and-forth on the amount.

What was the buyer's reaction to the car's condition and the test drive?

The buyer was impressed with the car's smoothness and clean condition, but also mentioned a previous accident they had experienced while driving another car. The buyer seemed cautious and took the test drive seriously.

What did the presenter mean by 'the fastest flip' in the video?

The 'fastest flip' refers to how quickly the presenter was able to sell the cars. The process was completed swiftly, including listing the cars, taking photos, and closing the sale, all within a short period of time.

What role did the car wash play in the car flipping process?

The car wash was part of the preparation process to make the cars look more appealing to potential buyers. The presenter washed the cars and added new alloys to improve their appearance, ensuring they were in the best possible condition before listing them for sale.