Talk me out of this idea
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Joined: Jun 2009
Posts: 225
From: Berkeley, CA
Car Info: LGT Wagon
Talk me out of this idea
Got laid off this week and now thinking about picking up mechanic specials on CL, doing the work, and then reselling them for extra cash.
Anyone else doing this? Is it possible to make money?
What appeals to me about this:
1) working for myself
2) income would be off the books so it wouldn't reduce my unemployment insurance
3) I've got tools!
Anyone else doing this? Is it possible to make money?
What appeals to me about this:
1) working for myself
2) income would be off the books so it wouldn't reduce my unemployment insurance
3) I've got tools!
banned
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From: 2006 Zero/sports Widebody
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Got laid off this week and now thinking about picking up mechanic specials on CL, doing the work, and then reselling them for extra cash.
Anyone else doing this? Is it possible to make money?
What appeals to me about this:
1) working for myself
2) income would be off the books so it wouldn't reduce my unemployment insurance
3) I've got tools!
Anyone else doing this? Is it possible to make money?
What appeals to me about this:
1) working for myself
2) income would be off the books so it wouldn't reduce my unemployment insurance
3) I've got tools!
craigslist is the sister site to cheap *** ebay ..so don't be thinking your going to get rich.
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From: SF Bay Area - Peninsula
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yeah best bet is auctions...my homie used to flip cars on CL and people would flag his posts because they would recognize the car (with new parts for a higher price)
the artist formerly known as mcdrama
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Posts: 6,428
From: Santa Cruz Mountains, CA.
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I would spend the time learning a new skill and find a new gig. spending money when you don't have more coming in, then relying on selling something that isn't necessarily in high demand is a bad idea, especially if you have others that depend on you(i.e. wife, kids, house mates).
if you're single and live with your parents, go for it.
if you're single and live with your parents, go for it.
Thread Starter
Registered User
Joined: Jun 2009
Posts: 225
From: Berkeley, CA
Car Info: LGT Wagon
Bingo, a wife, two kids in daycare, a house payment. My time would be better spent learning some fresh engineering skills. But working on cars seems like more fun than learning Solidworks. Getting intellectually lazy in my old age.
250,000-mile Club President
Joined: Nov 2002
Posts: 4,770
From: Bizerkeley
Car Info: MBP 02 WRX wagon
Like on Wheeler Dealers!
Only you want to be both Mike and Ed, I can't help but notice that while those guys do sometimes make out with a few pounds, they also seem to lose a couple hundred quid from time to time, and they seem to have some REALLY cheap connections for parts.
When you get right down to it, if Ed China's time is worth anything- they actually lose a lot on every car they flip.
Restoring cars, whether its just fixing up dodgy rides and saving them from the scrapper-or bringing classics to concours condition is a hobby for people with money to burn, because there are few to no guarantees of return on investment.
Some of us would fare better taking the money to a casino (not me, I can't afford my daily driver)
When you get right down to it, if Ed China's time is worth anything- they actually lose a lot on every car they flip.
Restoring cars, whether its just fixing up dodgy rides and saving them from the scrapper-or bringing classics to concours condition is a hobby for people with money to burn, because there are few to no guarantees of return on investment.
Some of us would fare better taking the money to a casino (not me, I can't afford my daily driver)
previously known as wrxBRAH
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From: San Jose / Campbell
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The chance of picking up a bad investment are big when flipping cars not to mention you're competing with so many other people at the low end auto auctions.
There are also a lot of dishonest stuff that goes on at those auctions. I'll leave it at that.
There are also a lot of dishonest stuff that goes on at those auctions. I'll leave it at that.
the artist formerly known as mcdrama
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Joined: Apr 2004
Posts: 6,428
From: Santa Cruz Mountains, CA.
Car Info: WRBP 2015 WRX Premium/CVT
maybe take your kids out of day care for a bit and spend some time with them instead of working on cars. you'll save $$ without day care, you'll see your kids more than usual. win win, imho.
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