How Did I lose Money on a Free BMW ? - Car Flipping Gone Wrong - Flying Wheels
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Tags: Finance a used car flipping cars for profit side hustle entreprenuership great side gigs jobs that make alot of money High Real Estate Prices How to Day trade real estate investor
how to get into a dealers car auction and how to get access to a dealer license become a used car dealer own a dealership used cars Buy Wholesale how to become a car dealer start flipping cars for profit make money selling cars daily dealer dealertrack dealer rater acv auctions dealerships jobs near me online class course mentorship license plate cost number price
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@muskokamike127
Жыл бұрын
there's nothing more expensive than a free BMW lol The next thing? "there's nothing more expensive than a cheap ferrari"
@Mingv2012
Жыл бұрын
I would have given you $1500 on the BMW.
@paulh1745
Жыл бұрын
Surprise, surprise! Craig does another money grab. He wants you to get surf shark VPN so he can make money off of you. When are you people gonna realize that the only thing Craig cares about is money? I think the truth of the matter is if he was faced with a choice between his family and money, he probably picked money. And guess what he’s teaching them to be just like him.
@muskokamike127
Жыл бұрын
I wouldn't go so far as to say he cares more about money than his family, but he IS OCD when it comes to making money.....
Spray paint gods getting you back for all the spray paint you've used on previous cars
There's no way that car doesn't need $4K in service.
@chriswinter2400
Жыл бұрын
The cheap 6 cylinder ones are much more forgiving thank goodness 4 k is possible but much less likely
@piffdaddy420
8 ай бұрын
thats exactly why it sold for as cheap as it did. another used car dealer probably figured they were gambling on that one. they probably turned around and sold it for 5-6k... idk why craig sold it at auction it makes no damn sense to me. other than him knowing that there was mechanical issues.
Im a full time professional detailer and detail Euro cars on a daily basis. I gotta say, probably 80% of the cars that are trashed bounce back and always turn out like second to new.
Love that you show the reality of running a business.
Ehhh. $500 profit from two turds isn't bad. I don't understand why you were wasting your time on the hood and wheels though for a cheap auction car. Another dealer isn't going to pay more for crappy work they have to redo.
The pliers on the hood of that sierra made me cringe so bad
@TalonFausnaught
Жыл бұрын
Yes I came here to say this!😂
why did you take it to auction instead of trying to sell it on your lot for a profit?
Love how much overspray you got on the brakes lmao
Craig, Just an observation: You work hard and deserve all the success you’ve accomplished. Keep up the good work. I enjoy your videos.
@FlyingWheels
Жыл бұрын
Thanks for that!
@paulh1745
Жыл бұрын
Ack!!
@vadim7590
Жыл бұрын
@@FlyingWheels my observation: Paint all your nails black so that one doesn't stick out much.
@goleafsgo8496
Жыл бұрын
He is a used car hack let's not give him a fatter head then he already has. ..... Just shitten ya, Craig is good guy and if there were more salesman in the automotive world like him the profession wouldn't be thought of so poorly by consumers. Can you imagine meeting a customer, shaking their hand and realizing they think you are a slippery, slimy about to "bang me in the _ss" individual? Not sure I could do it ..... 😕
Wow that went cheap, your getting 2500-3k in south GA
Cool video and realistic for us car flippers who are trying to make it . Thanks Craig
great editing on this video, I like the time lapses and flash forwards. nice flow
Craig, can you please explain why you didn’t want to finish minor imperfections and retail the BMW? Why have you decided to wholesale it?
@dingleyfarm
Жыл бұрын
Because he didn't want to do any mechanical work or deal with a customer having to do it
Craig, I painted vehicles for the last 30 years. On that tire uses Vaseline on the tire to protect. Message me if you want to know how to improve your paint jobs cheaply
@robsdeviceunknown
Жыл бұрын
That's really cool of you being willing to help him out. I somehow doubt he will take advantage of it though. I know I sure would. I love doing body work, but I imagine I suck at it.
@FlyingWheels
Жыл бұрын
Love that idea!
You indeed win some & you do lose some. From a car guy perspective though who grew up in a used car place like yours, doing just what you're doing....if you can MAKE $500 between a cheap Chrysler & an 07 BMW of any numerical designation, and make cars look good while doing it, that's a winner all day long. There's always your other units that pull surprise trades turning out to be the grand slam diamond in the roughs....just NOT the old bimmer trades.🤔😄😂 Great job, enjoyed the video. Keep up the good work Brother.
Haven't finished the video yet but I owned 60 plus vehicles and bought my 1st BMW last summer. 06 330i for $2,800 only needed a o2 sensor and windshield! Yeah I learned a lot about BMW's. But I have ADD too and once I start I can't stop. Now I have 9k into a 3k car with 233k miles but it was worth it I love the car so much I'm selling my 34k mile CTS-v coupe and probably going to buy a 335i to still have something fun to drive but I'm keeping the 330i until it dies!
Good job! I think the marks on the back seat are from a tire.
I’ll be doing the same paint restoration and detailing with my 07 335xi that I took off the about a year and a half ago. Thanks for clutching with the video!
Some days you’re the windshield and sometimes you’re the bug
Oh my, take the pliers off the hood of that truck 😂
I love when something sounds so easy, n just getting the hood open is the problem lol. What a kick in the nuts life is sometimes.
Someone got an absolute steal on that BMW!..That was a damn nice car for 3K-4K IMHO...what else can you get for that money (retail) these days? (Not much)...not something as presentable as this...I think you did a great job with what you had and considering goals (you weren't out to make it perfect)--it looked a million times better than what you started with...keep up the good work.
@jmorris023
Жыл бұрын
Old BMWs are never good deals.
@whammond511
Жыл бұрын
@@jmorris023 Unless you’re going to work on them yourself. Then you have the pleasure of driving it. And those BMWs were terrific fun drivers!!
@jmorris023
Жыл бұрын
@@whammond511 No car feels like a BMW, I'll give you that.
The rear seat damage is not burns. PO had a dirty greasy tire in the back seat likely on a hot day
Enjoyed it a lot. Huge respect for this video. What an eye opener. Wish you luck next time.
Wow, that orange peel means a lot more work to get it smooth before allying the 2 pack clear..Craig, that mark on the back seat is from tyre mark from a wheel left on the seat for some time.
@JetFire9
Жыл бұрын
You know a lot more than Craig.
@TheLegendaryt2
Жыл бұрын
Was just going to mention tires
Craig, love your videos. Thank you for using whatever camera you’re using now. It’s so much better!
Always solid advice, keep up the great videos.
Those window regulators are ALWAYS broken. I know guys who bought 3 series and all 4 came messed up
I liked German, but good to see you getting stuck in with the detailing ✌️
First time I’ve seen this vid. The hood, I would have just scuffed it with 1500 wet sandpaper, then sprayed the base coat, then sprayed the clear coat and hope it matches with the rest of the car. But every detailer has their own tricks of the trade. You did a really nice job bringing the paint back. The interior looks great, the engine or all engines can be time consuming because you never want to use a pressure washer on it. Degreaser and a garden hose is usually the best bet. Wetting the floor is something a lot of people forget to do. The orange peel can be buffed out, not a huge deal. All in all, nice work.
Craig what is your advice on this i'm 14 years old but when i turn 17 my parents are thinking on getting me my first car they are stuck between giving me my dad's 19 bolt ev with a replaced battery or getting me a used hybird what are your thoughts on this craig? I know both of this options are junk
Another great and informative video. Can't believe the BMW with a stick went to cheap. Thanks for sharing the realities of the sales life.
@bennyb7772
Жыл бұрын
its because they are money pits , lol
Vinyl and fabric paint couldve fixed the seat issue,for future fixes.remove the rims sand them down recoat with silver.wish I was close by I would work for you after work and weekends. Love your show
I have used that technique for spray painting wheels so many times quick and effective.
Upholstery guy can fix the rear seat by spraying it. Cost 60 bucks. That was an eye sore. That’s why you didn’t get 2200 from the Auction. Because it narrowed your bidders. That BMW could have gotten you 6-8k for retail though. If you put more Time into it. Then you would have profited more. Great video though 👍🏼
Do you use clay bars for detailing?
Craig how does a car flipper decide whether to fix a car or just dump it and move on? Is it all dollars in and dollars out? I mean scrap on a BMW probably gets you 400 bucks or so?
It is interesting how you make the detailer almost sound responsible for the bad paint and then as an afterthought say that he wasn't doing the paint correction.
Miss German he was the paint correction guru!
I push index cards around the rims when i paint them. Makes more room for my screw ups.
Not surprised on the value of a stick shift 15 year old BMW. Only 5% drive stick. Not a big market. Plus it’s a BMW money pit so there’s that too
Craig FYI kitchen liquid soap put in water will keep the paint from sticking to the sanding paper
Craig what product you use in your hair?
Craig, good video on the realities of the car business. Most don't document the lows of the industry. With thst said, please take the wheels of when you paint them! It doesn't take long to take them off. Now to clean off the paint on the knuckles, Shocks, and brake components will take much longer.
Just think yesterday I asked for more repairs, an you delivered before I asked. Yeah your channel is now my daily watch until I’ve seen the all.
110 or 210 compound?
Pricing on the Hummer Craig ?
How much money to fix the windows?
Stay away from old BMW's mate. utter crap cars.
If I owned a detailed GMC Pickup and someone set a pair of PLIERS on the hood, I’d question what the hell they were thinking ! Why would you do that ? Just love buffing scratches out of the hood ?
@killed_phill796
3 ай бұрын
Hahaha I noticed that too rusty pliers
Hi Craig! Did you do a video on the Hummer , i wood like one if you didn't. Thanks from a big fan from sweden.
Hey Craig I hardly ever see you buying dodge products like challengers & chargers, is there a reason for that ?
It says stuck on the hood which is something that Copart writes on the hood of vehicles that they can’t get open with a hood release…. is very possible that this car was branded somewhere along the lines true mileage unknown since Copart couldn’t get the hood open
Hi Craig I buy and sell cars in the UK , but lately it seems like every car I buy has a lot of work needing doing ,can you give me any tips to avoid this , great content
@georges4668
Жыл бұрын
with the shotage of cars . everyone dragging there junk tradeins out of the back lot and trying to thousands for them .
Really good honest vid and very helpful to me, showed me how to do a lot of things and do them quickly, thankyou.
The best leather cleaner is actually Woolite (1 part) to five parts water.
Thanks for showing this. Yup, sometimes your up........
Another great video 😊
Those black marks on the back seat are from tires.
I wanna bring my Escalade to you and have you bring it back to life!😊
I like the honesty! Tu
Would have found another rear seat from a junk yard, and put it on the lot for $3000.00. But hey, would've, could've, should've. And so you came to VA? Hope you enjoyed my home state and the sale. Must have been Richmond?
Thanks
Cool video. I would like to see you do a car wrap & if you can make $$$ or break even. Could be less work I think.
@TheRealMrRoyal
Жыл бұрын
Problem is he's not a specialist at that and to get good is a TON of labor and taking a car apart almost as much as for paint......to get a professional wrap job done with quality material is $3000+. That's a full single stage paint job price and won't last as long......sure a single stage paint may not be cool or show quality but it'll last a lot longer.
@whammond511
Жыл бұрын
Single Stage was all they used for decades. It’s not the product as much as it is the prep work and then the paint job itself. It’s much harder to do and get good results than todays 2 Stage paints. That’s why it’s not done much anymore except as a stop gap.
Great stuff thanks
The way this video is edited makes me think my computer is broken.
Damn, I would have paid more for that BMW, but I guess it's an auction haha. Solid beater BMW for me in WA. For future BMWs, all those emblems pop off easy with plastic pry tools (including hood). I've owned BMWs pretty much my whole life (~20 driving years), so that's all I know. You're way better at a lot of things than me, but I would have taken the wheels off and popped the emblems out. I get it though, you have a time limit and money constraints. Seems like you need a sand blasting cabinet for things like those wheels, if you're not going to hand sand. Would look way nicer in the end, but I once again, I get it.
Hi Craig. Nice job on the bonnet, I really thought you would have gotten more for it at the Auction. But it's instant money there and then. 😅😅🇨🇮
You the man. Thanks
Sound off if you'd have given more than $1500 for the bimmer!
Why didn't you retail the bmw?
I have so much anxiety from the pliers on the hookd of the truck @ 3:55🤦♂️🤦♂️
Don't understand why the Bimmer only got $1500.......did it have a ton of mileage?
@FlyingWheels
Жыл бұрын
198k
@bebin73
Жыл бұрын
@@FlyingWheels $500 car on trade esp as bad as the paint was
That’s a good 30 foot car, looks good until you walk up to it
@robertbell525
Жыл бұрын
Agree as soon as I'd take a closer look and see those wheels I'd wonder what else was hacked on this one.
Could have saved time and energy on the hood using the Chris Fix method of removing spray paint.....
Damn that sucks I would have bought it for 3500 cash if it was Retail or probably 7500 if it was financed
Why didn’t you retail it???
do a video on how you slammed the index finger on your right hand. that nail is dead gotta get rid of it.
“ $500 Flip to a Z06 Series “ 👏🏻👏🏿👏🏽
Losing money on a free bmw?? Only a bmw man 😭
Good one
I posted a negative comment on that Chevy dealer and noticed how many others did the same ! Lol
@longjohn77
Жыл бұрын
🙄
1500 yikes that car is washington state would have been like 4 or 5k people are crazy up here
This is great I thought i was the only one who worked 11hr shifts a day just to get 500$.
Dude you should have it at copart l sold my 2006 BMW with 226000 mile for $2700 and the car in bad shape
BMW's are a money losing proposition, the old one's were great!
You'd have probably made money if the Chrysler had rich Corinthian leather seats.
Your labor is worth something...I used to use an "averaged hourly rate" to estimate better. Having a guy spend fourteen hours on some POS ain't worth it...
I’m a ASE Master Tech for over 30 yrs & own my own shop over 20 yrs. I stay away from Euro’s. I’m too small to tool up for them. And I just don’t like them. The owners are the worse
Raising the value baby
good story, not profit but entertaining
dark bronze on the wheels
It looks really good 🙂
As a used cars salesman you have to take $500 as good thing and not as a loss. Yes you lost in labor and time. Look at what it gets you on the bright side. That money can go toward paying off any of your utility bills. You can use that money right back into shop supplies because high gloss paint doesn't come cheap either so it bought you paint. If you need a new tool(s) or really want to go with a premium brand $500 can go toward that expense. Also you spend money on higher quality or more detail products but rather keep cost low with cheap stuff but rather use the more hybrid coating on the higher end vehicles. $500.00 takes you and your family to a really nice restaurant on a weekend getaway. Maybe that $500 will buy you one or a couple car expensive parts that you don't want to spend money on but could make for a higher sale or just be break even instead of taking another loss but even if you have to buy some part that you don't want to buy and taking a $500 loss in parts maybe the customer buying it still gets a slightly better reliable vehicle. I don't just thinking out loud at 3:30AM. A $500 on your profit and loss sheet is money in your bank but yes you rather see the loss time in manual labor. If non these ideas aren't making you happy yet take that $500 and use it as a discount to your next auction fee, so that you can bid $500 higher to be winning bidder at the next auction. By taking that $500 and applying it the auction fee also makes the next car more profitable. You have very good options on how to spend $500, that makes it work by putting towards expenses or take it out and enjoy family time outside the house like on travel and entertainment.
@longjohn77
Жыл бұрын
Yep, those are all words.
Never really cared for that generation of the 3 series. Pretty sure there were many issues with all those e90/e92s
Would love to do my internship next semester here if you’d have me!
Why did he sell it auction for peanuts when he could sold it retail for 2-3x? I’m confused as hell on that…
Any corvettes 😂
You cut so many corners with the BMW. If you’ve spent a little more time to do things right you would’ve probably got some more money at auction.