BMW 740iL Flip for Profit e38
0- How much will this 2001 740iL sell for?
- Will it be the highest priced E38 Sold on Cars and Bids?
- Auction is Live, October 4th! (This Auction already happened, check out this video series where I reveal the sold price and my profit)
Check out Jamie's Store!: ourwearhouse.com/collections/...
Check out Cars and Bids carsandbids.com
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Links mentioned:
--- First video of 740 IL repairs: • Can I Sell for a Profi...
--- All videos of the e38: • All BMW 740iL e38 Videos
--- Amazing Details from Sage Auto Studios: instagram.com/sageautostu...
--- Awesome Car Photography from Alec Paris: instagram.com/alecparisph...
--- Navigation LCD Display from: www.germanaudiotech.com/
Timeline:
00:01- Recap
00:45 - My decision on struts
01:43 - Strut replacement
02:46 - Alignment
03:47 Nav LCD fix
04:06 Repairs not on film
04:45 Trunk dents
05:17 Detail
05:35 Test Drive
07:50 Problem while test driving
09:16 Diagnosis of problem
09:52 Behind the scenes photoshoot
10:16 Cost breakdown
11:50 How much will it sell for?
11:31 Total Profit
12:41 My total time spent fixing this car
13:08 How much to pay a shop for same work
13:33 Wrap up with final car shots
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Jamie is the Owner of Elite Motor Works in Sarasota Florida, Check out his social media in the links below:
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Check out Jamie’s Shop Elite Motor Works
-- Elite Motor Works Website: www.elitemotorworks.net
-- Elite Motor Works Instagram: / elitemotorworksfl
-- Elite Motor Works Facebook: / benzandbmwrepair
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So... basically ... unless you have a way to get parts at a slight discount, and can do most, or all of the labor yourself, this project would only break even. Makes sense I suppose. That's why anyone in a trade would be well advised to figure out a project like this, where they can utilize their knowledge and labor to make a profit. Thanks for the videos Jamie. Hope you get your price or higher. Thanks to covid, used cars are selling for more, so here's hoping!
Jamie, it looks like you were right on the money... great work and congrats!
People totally underestimate the costs of running these old beasts, especially if you want everything in mint and working condition
So I bought a 2001 E38 740i 3 years ago. I'm an avid BMW collector / restore and daily driver. I have a euro E21 635csi 5-speed M-technic, E34 M5, E39 540i auto, e32 750il manual with a 6-speed conversion, and an E46 M3 that I'm currently converting to a true CSL with factory carbon fiber roof and lightweight seats AC delete and everything else of the sort. As a BMW aficionado I appreciate your drive and motivation and tenacity in restoring these cars to what they truly should have been! I'm currently restoring my E38 and adding a 6-speed and a ESS supercharger and a 3.15 limited slip differential to it. Even in automatic form I knew I would never sell this car but I'm amazed at the level of restoration that you have done to your 7 Series. It's all about the little things that nobody else will notice, but that shows how much you respect the cars that you do the things that nobody else would ever think of. I just wanted to say that I respect you and what you are doing.
It's too bad there aren't more mechanics like this.
Ahahaahaha I just added up how many views you got on the “Shorts” videos off the car. You’re great on camera but the sheer amount of attention this car gets is insane. Good job Jamie you won the algorithm.
Wow a youtube video where they do not tease about the numbers and clearly displays and explains them?? You have my upvote !! I love it! I have a silver 540i so watching the videos on this one has been very motivating to keep going on mine also :) Cheers from Canada!
Just took my e38 750 for inspection yesterday. It had the CEL on for the past few months. Got it cleared, passed inspection and as soon as I pulled out of the inspection place the light came back on. I got real lucky.
I love this car and the love you’ve given it since i found your vids, they are genuinely been one of my favorite cars in the last 20ish years, so good on ya for keepin the dream alive!
I just bought a 2001 740iL for $300 that sat in my neighbor's field for 7 years (it's in surprisingly good shape except for the interior). So glad I found your channel; the end result of your restoration gives me the motivation and confidence to really see this project through!
Very well put together video, as well as the others on this car. Love all the details and comparisons. Thanks for sharing! Looking forward to future work!
Amazing detail in regards to the overhauling and perfect- well deserved outcome. I never thought car flipping videos can be so satisfying also this car is in new like condition for the next owner.
This was such a brilliant series. Amazing quality videos and craftsmanship. 110% subscribed
Hi Mr Jamie! My nefew and I love watching your videos! I must say, it is a tremendous pleasure watching you work! People these days, especially auto shops and "flippers" do not take pride in their work...your work ethic and meticulousness is refreshing!
Great job! As a mechanic myself it is always interesting watching videos like this. Car looks great!
Gorgeous car, love the way you approached the resto, the finished item is 👌, and for all the short videos along the way.
I have just bought a 2001 740i and these videos will be very helpful for my work on it. Great job! And good luck with the auction!
Jamie, this was an amazing job you did - also really like the video editing and explanation! great work
Just saw the Cars and Bids listing. Looks fantastic. Great photos! Also handy you own a shop and can update the Carfax yourself. Never seen a Carfax entry so thorough!
Beautiful car...