Ballistic

Saw the second episode of this on CH3 last Sunday.
So far Mike Brewer has bought 2 old used cars, presumably dealer trade-ins, and sold them on for around 100% profit, having giving them nothing more than a valet.
Is it really this easy?

GaryK

Well maybe, old Mr brewer is certainly polished but can you see a dealer giving you £200 off a £500 car? perhaps getting the dealer in front of the camera how you say 'sweetens' the deal? That said I always find him very entertaining to watch and he does know his stuff.

Gary

Dracoro

Well, as Brewer stated clearly, he bought the car on the condition that once sold, no comeback. Many 'punters' buy cars with the view of getting some sort of comeback if the car keeps going wrong. Bascially, AIUI, he signed away these rights etc in exhange for a good price.

Going up the car ladder can be relatively easy money until you get a dog (which can happen no matter how careful you are) which will undo all your previous work and you have to start all over again!

Butkus

Is this like the 'Million Pound Property Experiment' with cars instead of houses?

What's the end goal?

Dracoro

Butkus - yup.

Not sure what the end goal is. Something like a Lambo, Bentley or Aston maybe.