Flipping the Chevy S-10

Remember this truck?

IMG_4605

I found it on Craigslist and bought it September 18, 2013.  You can read more about it here.  Although it wasn’t perfect, it was a really nice truck and did what I needed to do.  As of July 23, 2015, I sold this truck.  I sold it because I got another truck (that has A/C) and was a little bigger.  Another reason I bought this lil red S-10 was to prove a concept to myself about buying and selling cars.  I know people make a living by “flipping” vehicles.  I don’t know a lot about that industry and I don’t know much about the mechanics of cars, but I just really like cars and trucks.  I like driving, I like the way they look, I like the utility of it… I dunno… I just like it.  So I figured I’d “invest” a little bit of cash to test my theory and see if I could make a quick buck along with quenching my thirst to have a truck in the family.

I love seeing actual numbers.  It makes things real.  Since I have the numbers for what I put into the truck and what I sold it for, I’d like to share them with you!

Chevy S-10 Cost Breakdown

As you can see, I lost about $200 in this deal.  Not exactly what I was hoping for.  I do see this as a great learning experience though.  Actually going through the process (of anything) is soo valuable to me, rather than just hearing about it in theory.  To me, theory means nothing until you put it into practice to see actual results.  Although these results weren’t to my favor, I still think I can do some tweaking to the process and possibly make a profit.  We’ll see how that pans out!

The optimistic side of me sees this as me having a truck for about 2 years and only paying $200 for it.  With all the work I’ve used this truck for, it was well worth it.

Hope this post was helpful if anyone was remotely interested in flipping cars!

2 Replies to “Flipping the Chevy S-10”

  1. I think you would enjoy this webiste…

    http://jalopnik.com/

    Lot of awesome articles on buying and selling cars / trucks, and just a lot of overall information on cars.

    Like

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