Buying & Selling a Cheap Car for PROFIT
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Today I'm going to buy a scruffy cheap car and see if I can make a profit on it. Wish me luck!
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That car is a motorway basher, you can tell by how the gear stick gator and steering wheel aren't worn to shreds. There's plenty of life in this car and it shows. I bought my last car with 120k on it, ex company car and it got me through another 30,000 trouble free miles. High mileage cars are not to be feared, as long as there is evidence it has been looked after properly.
We have a 2012 insignia with 162k miles, it runs like new. If you look after a car, it'll look after you. Regular servicing + maintenence and fix any MOT advisories straight away, and any car will make it to 250k miles at least easily.
@@focusedford2302 most cars. some are junk from the get-go. but i agree with your sentiment.
@@focusedford2302 Autotrader looks like a Vauxhall dealership. Why would you buy a car nobody wants? Back home Opel is quite a respectful brand but here I'd rather have a Peugeot...
@@pedrothetrainer personally I’d never buy a French car, had bad experience twice.
@@davidashley4386 Loads of Mondeo 2.0 diesel engines are Peugeot. I think this 1.6 is a Ford engine though.
I love these vehicles where we get to see the before and after transformations and the end result, a sale. A great profit example.
Crazy to get a 13-plate for £800! Nice turnaround Matt and the buyer will probably be very happy too.
Been watching since c. 800 subs and I think this is my favourite video you've done, just super satisfying all round. Would love to see you flip some really unloved cars into something as new again.
Thank you! I appreciate it. I’ll try and do more
Hard agree. Great stuff.
Good choice on the OEM Hubcaps, I'd have also spray painted the rims black again to set the new trims off. Well worth the effort of a good clean and tidy plus a service. New owner will be pleased with their purchase. Something for everyone.
Looking at that interior , it just shows what a quality car mondeos are. Still one of the best cars I've ever owned.
I was always put off Ford as my dad had tons. The interiors are typically dreary and I never liked tjem
David I agree. Was looking for a Mondeo a year ago but couldn’t drop on one in my price range as UK cars so expensive, if I saw a good one it always ended up being a diesel and I wanted petrol.Got a Focus in the end, a MK3. I always loved Escorts but not been with Ford for some time, drove Volvos and Honda and as much as I loved Escorts I can see why the Focus is well respected. I was never a fan of the MK 2 interiors but I love the MK3 it feels quality and looks nice. Good spec too just like the Mondeo’s. I was wary of those 3 cylinder 1 litre turbos as a second hand but they must have e your work so hard to pull a car like Focus around, I got the Duratec 4 cylinder 1.6 VVT. Had 67k on clock now done 77k. Had to replace a hose in last year but that’s it, fingers crossed. I changed oil after doing 5K as I always do with every car. It doesn’t burn any oil and it’s still looking pretty clean after 5K so that’s nice to see just about to book it in for full service. I’ve been in a few Mondeo’s over the years, very good cars, the Titanium and Titanium X spec cars looked very smart, and even the older Mondeo’s (pre 2000) I thought the interiors were much nicer than the German equivalent that were too dark and dull.
@@sandersson2813 yeah I know that was an issue on some of the motors but if you pick right Fords are nice cars to drive (see my post reply to David) . I’ve always loved them and I’m hindsight I don’t know why I loved some of them lol, take the MK2 XR2 for example. I obsessed about those as a kid but they were very basic and not especially fast compared with their rivals at the time, like Astra GTE and Pug 205, maybe that was the appeal though, car was so light and no electronic aids so a simple and fun car. A bit of tuning soon got them more lively though, my neighbour had K&N fitted with a sports exhaust and then had an upgraded Kent cam fitted and those 3 mods have modest gains but definitely made it feel a hotter hatch. Loved the XR3’s, RS Turbo’s, XR4’s and of course RS Cosworths. Ford always made popular sportier variants of their cooking models in the 80’s snd early to mid 90’s. Went a bit crap then until the first RS Focus came out. Sorry I’m rambling now, but the MK 3 upwards Focus (2011 onwards) have a premium feel to them. Very good driving position/handling, sound system is very nice too with loads of options. Mondeo’s always been nice to drive too, especially like 2010 onwards. Much nicer experience than Astra/Insignia and the like IMO.
A bargain is a 13 plate for only 800 with full history with everything working, no cat or anything. The sort of things you don't see advertised and only show up for dealers
The previous gen Mondeo (07-15) is a very underrated car. The top spec Titanium X models are a good 3 series / A4 alternative for people not concerned with badge snobery. Love these sort of videos, keep up the good work Matt. Reminds me of the Deals on Wheel series years ago with Brewer and some other bloke!
I have had mark 4 and 5 and I've had and driven audi bmw the mark 5 titanium is the best car for a long journey that I have driven
I prefer BMWs because I like the design and feel of the cars if bmw was made in Uganda I’d still rate them. It’s nothing to do with a badge. Iv owned fords (titanium x model funny enough) and not a fan of them at all it’s not snobbery, I just don’t enjoy driving and find them very bland. I in no ways look down my nose at ppl for their choice though it’s my opinion and choice.
As much as I liked the mk4 the mk5 was much nicer it was more refined and far better looking
I used to rep back in the 70's and changed my car every 12 months as after close to 100k on the clock and only 12 months old they sold for pennies at the auctions because they were ready for the scrap yard. Totally different story today though with better engineering and build quality the fear of high mileage shouldn't be an issue.....great episode 👍
I disagree. Many modern 3 cylinder turbo charged engines do not go past 100k - disposable. Many modern cars fall apart after 100k.
@@stephenk0nig252 ....there will always be the exception and I wouldn't argue the case for EcoBooms but generally speaking your average diesel good for 250k engine and body if maintained . It's like any potential purchase mate , one has to do a little research first and I'd reduce that figure for a petrol 👍
I work in scrap yard you will be surprised what cars get scrapped with barely any miles on them cars what need new turbos are need a few hundred quid to pass next MOT ect and the owners can't be bothered to repair them so they just buy something newer such a waste
@@jamiekelsall5221 ....indeed , maintenance or the lack of it.
Business idea there James
LOVE it when you do these cheaper flips Matt - great fun and so good to see cars being given another chance..
Great job Matt. As always I prefer these kind of honest real world videos. I had a 2011 mondeo zetec, the face lifted model, and it was all the car I ever needed. I ran it for three years and put around 50k on the clock. It never put a foot wrong. Aside from the usual costs such as tyres, mot’s and services etc, I never spent an extra penny on it. Fantastic motorway cruiser too. I regularly took trips up to the highlands from Leeds. I only sold it because I moved to Japan otherwise I would’ve probably ended up with a 230k example like you. Anyway I’ve rambled on enough. Keep up the solid work!
Super enjoyable talk through/walk through video. So nice to see how you can turn what looked like an old shiter that looked fit for the scrapyard into a half decent car good enough for another couple of years or more! Proper solid motor by the looks of it. Well done Matt.👍🏻
Thanks! I enjoyed doing it
When I saw you buying the wheel trims and mats off eBay it made me wonder. For some reason I had this strange idea that you'd have some sort of insider industry parts network you'd get special prices from. Dunno why I thought that but I did.
For that interior I would open all the doors on a windy day and get the leaf blower on the job, blow the dust and dirt downwind
My late husband had two old 1970s cars in the garage. I have no idea what they were. They were very low cars with two doors and both were painted in garish colours. They were also incredibly noisy when he started them up. He owned a steel importing business so cars were his oasis away from the pressure of business. I just left him to tinker with them. It kept him from being under my feet. I preferred my Nissan Micra anyway. I never liked his cars so a man with a trailer came and took them both away for free last month. I suppose I should have put new wheel trims on them like you did. They were much older than this car though so I don't suppose they'd be worth that much. I'm just glad to get rid of them. I have some photos of them somewhere.
Here in Portugal it's hard to find a low mileage car, most are well over 200k. They are very expensive too.
Genuine wheel trims? Good decision. Bit of a testament to Ford quality and the Mondeo in general, a very underrated car that has sadly been discarded by the market in favour of uninspiring SUVs. What a good buy.
Yes the Mondeo is a real unsung hero, my father in law has a 09 MK3 2ltr Zetec Petrol that is on 312000 miles and still drives really well. Apart from an offside drive shaft and 1 Vacuum Valve for the Intake Manifold its not given any bother.
Like these kind of flip videos where you go from buying, your magic and selling cars
Hello Matt, another great video and the car looked great after you had done the work, well done. Thank you for taking the time to upload another video. Ged
Great video! I'm definitely interested in doing this and will check out your course!
I'm sharing your video with my mate, he's like your polar opposite, he's buys cars & then proceeds to lose money on everyone of them.
Nice buy. Cleaner uppers are great, I bought a V8 S-Type that was full of pine needles and hair (I think a family of bears had been living in it) but a bit of hoovering and a bumper repair and it doubled in value.
Favourite car
Great video. It scrubbed up very well, and looked great. The dark blue colour also looks good, IMO. 👍
This is an absolutely great video. Excellent stuff! Love it!
Really enjoyed watching this video, fantastic content and very informative. Keep up the good work fella 👍
As much as I enjoy your affordable dream car videos, for me, this is the best and most informative one you've done
Interesting video. This is the sort of prep I would do when selling any of my cars privately and was usually successful. Worth spending a bit on the wheels as they really add to a car's appearance. By the look of the interior I think you were being a bit optimistic thinking a 15 quid valet would sort it! The Mondeo is an unpretentious well put together car that was made to handle the miles and makes a great workhorse if maintained properly.
A really enjoyable episode. Look forward to another estate car again perhaps ✅✅
I’ve just read the description on the Fiesta ST ad on your website. Genius!
Mate just want to say this is the best video I've seen so far of getting into used car sales. Most vids I see are missing so much information and it leaves you confused and nervous about taking the step Into car sales. I'm self employed already but need an income to really boost our finances. Approaching 40 and doomed to never own a house for me and my young family, I need to move quickly into something new. Money is tight so it's hard to take the risk. Especially since I got quoted 2k a year for motor trade insurance! 🤢. Considering your course for later this summer. I'm not taking risks without knowing the 'road ahead'. I've got 20 years sales and marketing experience so this should be a no brainer. Thanks again!
Thanks! Good luck
Excellent little video Matt ... sometimes people are preoccupied with low mileage ... but like you say (providing they are maintained) higher mileage cars (with a little elbow grease) are not to be disregarded ...
Brilliant video as usual, car came up so well especially the wheel trims made a big difference
These are the best types of videos by a mile love the whole insight of it
Well done, Matt. Your best video to date, in my opinion. It had a beginning, a middle and an end - nothing missed out. And the Mondeo estate? All the car you'd ever need (once you'd had it sorted out).
Thanks
Another great video , I love finding a gem like this and getting it to look it's best , very satisfying
Another top video, one of the best turnarounds I’ve seen in a long while. I’ve got one of these and it’s a great car. As others have said, they are underrated and also overlooked by those who flock to the default German trio…
You transformed it with such simple things. I'm impressed
Earlier in the year, I picked up a 56 reg 2 litre diesel Mondeo Titanium X for £800 with 118k miles on the clock as just a cheap little runaround. Not a bad car either, got nice creature comforts on it like heated and cooled seats etc. Seems decent on diesel and it has full service history. When I got it, it was in a sorry little state. Needed the injectors doing which is a common fault on my model, got that done for £400 and the turbo actuator arm had seized up. Bought a replacement actuator for £25 off eBay, 10 minute drive on the job and now it drives good as gold. Hasn’t let me down yet, starts every morning and gets up and goes with plenty of life in it. Looked on auto trader the other day and same spec model with higher mileage than mine (121k miles on it now) is going close to 2k. Obviously the market is hyper inflated right now, but if this car passes it’s next MOT in May, which I’ve no doubt it will and keeps going for another year, I’ve definitely got my moneys worth from it imho. Plenty of little runarounds out there than can be fixed up like mine and the one you bought and sold on for some profit, just gotta look around and not be fussy over the littlest of things.
Those Ford Mondeo were a real drivers car & most sales reps loved their huge boots as well as a comfortable drive 👍
This was a great video! Do more of these when you get chance. The transformation was good to see and for the cost.
Thanks
Nice genuine car for a reasonable price for a bit of profit. nice work mate, love these type of videos.
Love these series. More of this please!
Nice one Matthw and you've proved a can do attitude does make a difference,the few quid you spent transformed a scruff bag into a nice looker.
Hi Matt great video and brilliant advice for anyone who says you “can’t” when you have clearly shown yes you can the Mondeo looked amazing especially after a bit of work isn’t it amazing what you can do with a positive approach hope you are well nice to see the Range Rover briefly best wishes ian.
Cheers Ian
Thank you for another great video. I have been watching you quite a wile now, and learning from you... Maybe one day I will start a biasness for myself😁
You're certainly right about taking good pictures. I've even seen some where there's none of the inside which always seems suspicious
Cheers for the advice keep up the good work 👍
Whoever's bought that has got an absolute gem! If it was still for sale I'd have been *very* tempted myself! Back in 2015 I bought a Mk4 Astra that was due to be scrapped. Still had 9 months MOT on it, but the previous owner appeared to use it as a smoking shelter, never washed it and the engine management light was on. The interior was also filthy. Had the invoice from a service only 1500 miles previously too. I gave £120 for it and drove it home. Plugged in an OBD2 reader to check the codes, only one fault came back so I cleared it and it never came back. It had a headlight bulb out so I spent £10 on a new one, and a further £10 on air fresheners. Spent half a day cleaning it up and I was surprised at just how tidy it did look with a bit of TLC. Put it on eBay a couple of weeks later - as an auction, unfortunately - and it was bid up to £600. Of course the buyer was a complete messer, and by the time he'd decided he didn't want it other bidders had lost interest. So I ran it myself as a bit of a beater for the next 8 months and didn't spend another penny on it. Put in on eBay again as an auction as spares or repair with a month MOT left on it, expecting it to go for buttons, which would have been fine, I'd only spent about £140 on it in total and did about 6k miles in it. But it ended up selling for £480. There are definitely some decent buys at the very bottom end of the market!
Had a.mk4 cidti 1.7 that I serviced and drove with sympathy , 280,000 and a trader gave me £150 a year or so ago...saw it for £595 in rather better condition.Glad it lives on.
What about tax and insurance? You need to add those costs as well?
@@tomasd2112 - well, you would have had to pay for tax and insurance regardless anyway, (unless you go car-less for eight months)
@@mattylamb9194 yes but both insurance and tax is tied to a car so for insurance you can't transfer without getting new quote and tax is not transferrable and it is illegal to drive untaxed. Unless of course there is something like "trade" tax and insurance that would cover all your vehicles?
Sumitomo brand is an OK brand from Japan. They have the operating right of Dunlop in the whole of Asia and Russia being the 5th largest tyre company in the world.
I'm a taxi driver and the mondeo is just brilliant for this job, dependable and comfortable, the company I drive for have a large fleet of mondeo estates usually starting life as a taxi between 3 and 5 years old, serviced every 6000 miles alternating between full and tyre and brake service with any reported faults done immediately and the result is a car that will do 350000 to 450000 miles before being retired and sold as a run around, always sold within 2 days, your mondeo was just run in by our standards. Keith in mansfield.
Correct me if I'm wrong but when selling on a taxi don't you have to inform/advertise it as a former taxi? Isn't that recorded somewhere in the cars history too? I only ask because during a trip in a taxi the driver asked if I wanted to buy his high mileage mercedes. He said he couldn't sell it on without telling the buyer it had been used as a taxi.
@@LCOF correct, sold as such from the front of company's yard.
Nice job! This will be my motoring strategy until I am eventually forced into an EV. Comfy load luggers are so much better to drive and live with than SUVs if you have a family or weekend hobbies. 12 months MOT and working aircon seals the deal!
Can’t agree more Andrew. Well said! Likewise.
I've bounced back and forth between SUVs and estates. These days, there isn't much difference between the two as estates have gotten huge.... My current SUV is actually 10" shorter than my old estate.
@@ckm-mkc Me too. Had an Audi Q3 on finance which is really a jacked up golf. The Q5 isn’t that much bigger on the inside. Now in a £3k Volvo V70 - room for mountain bikes, kids, shopping and our mahoosive dog - finance and debt free, comfy and all the room we need.
Exactly why pay 20k for a modern car when you could save your money and just buy something like this for a 10th of the price! Even if it only lasted 12 months you just get rid and buy another and you still quids in. Bangernomics it's the way forward 👍 stuff your expensive electric cars
I agree with the comments on the inside - I work for a national car dealer as a valet and believe me that one is clean compared to some we get in!
Haha I bet
For a 13 plate LWB Peugeot Expert van I paid £7,000! Yep, seven K with busted A/C , rotten exhaust and basic interior. Wish I'd bought this to lug tools for a year then a decent van when work picked up. Brilliant illustration Matt.
Hi Matt,thank you for all the informative videos!! Any tips from where can I purchase new number plates? Thank you in advance!! All the best!
Ebay
My family owns a 2007 2.2L Ford Mondeo wagon and you’re right about it being great for hauling stuff around. We can fit two mountain bikes in the back, although it isn’t great for the bikes 😂
Matt , always better a car with fsh because you can rely on the fact the oil has been changed regularly which is a big plus , and a 1 owner car is also a big plus , well done , as usual 👏
Love these videos, you motivating me so much. Doing the online course soon
Thanks! Go for it
What a nice bloke honest upfront sense of humour and you buy cars that are for everyday people. I have always had Ford and Vauxhall and they have been okay everyday cars. It is nice to see the more expensive cars though.
Nice to see the SL55 getting some love ❤
I love it. Just don’t use it enough
Great car and very good video! Cool transformation and I watched from beginning to end. A really fun and useful episode, thank you very much.
Thank you! I appreciate it
Love your work 👍
Young man you are great at this, it will take you back to your love of the art which you love, take care Derm a fellow traveller
Another interesting video Matt, nice watch inbetween Goodwood FOS overload of videos 👌👏
Thanks
Great vid, would of been nice to see examples of what you think are bad photos Came across a car for this week which would of been great flip for you,Audi tt 2005 model year, low mileage with few minor issues
High, how'sit going. Nice professional entertaining funny to the point, informed video production 👏. Hi from Benidorm.
The mk 4 Mondeo is the best car in its class. The 2.0 or 2.2 diesels are superb lumps and easily go past 200k with decent servicing.A high spec Mondy of this era are great cars. Badge snobbery aside you can't go wrong.
Decent video this, very informative and helpful for people of thinking of buying and selling cars. Cheers pal good job
Thanks
Thanks Matt, another great vid.
Excellent video Matt, You may have tempted me to buy a car rather than renting one when Im back in August fot three weeks!
always a buyr for a decent estate, a good valet and you are to find a pearl! You must make a profit on that!
A great lesson for any would be traders..... And current traders also. The SL 55 sounded very quiet, but looked great!!!
Great vid. Does your course cover / teach how to locate these 'gems', on a regular basis, to make those great margins?
Knowledge is power. Wheel trims and number plates make a subtle but impressive difference. Having contacts such as your valetter who did a great job on their second attempt and while most ordinary motorists would baulk at £70 for a clean up I would say it was money well spent and added value. Credit also to manufacturers that use better fabrics and materials all round, so that poorly presented cars have a chance of cleaning up like new again.
tbh fords seat upholstery and carpets are not the best and this one probably didn't have too much passenger traffic in the rear of the car hence its decent condition after the valet. I've had a good few mondeos and focuses around this age rented out as taxis and the seats dont wear well at all compared to the skoda Octavia or VW Passat but they can go on forever if well serviced 👍
I know he couldn't in this case but I always think its a good idea to do the hoovering myself before taking it in. I want them dedicating their time on the stuff that I wouldn't do as well like getting the dash and fabrics looking good.
Great video! How do you deal with the insurance whilst you are in possession of the vehicle?
Your really good at what you do. Keep it up
Thanks, will do!
I would say if that cars a decent drive they are one of the best cars to trade with, Had some good luck over the years with old mondeos. Had a 2004 petrol estate last week as a trade in, Passed it's MOT with no advisories. 1.8 and amazing on fuel btw!
Proof that you make your money by buying at the right price (and, ok, a bit of luck). A great underrated car and a super video, thanks.
Great video Matt. Love this kinda stuff
Thanks
Great vid. Thanks Matt.
If I’m any judge, I wouldn’t notice whether it had Ford trims or not, as long as they were new-looking. Then again, I’m not a bird, I’m more into the mechanical side.
Well done, as you say in the video with a bit of luck in the first place and a bit of work there's money to be made. Cheers Phil form Newark. 👍
Nicely Done Dear Sir !! ............... Bless
Nice one Matt, did well there.
Been binging this channel since I found it. Didn’t expect to see a car from Pocklington! That’s where I live 😂
Several Mondeo taxis that I’ve been in that have had over 250,000 miles have felt as tight as a nut, shows that proper maintenance keeps car going and going…
Nice educational video Matt and it just goes to prove that with the correct mindset and a wee bit of work, you can make a profit. 👍
Thanks!
Absolutely great video!cI need a car just like this. Let me know when you get another on±
Good video, enjoyed watching you flip a cheap car, more please.
well done Thanks for sharing
Love these transformations. Also proves that a scruffy appearance doesn't always mean the mechanicals have been neglected.
Beautiful segue indeed! The car looked pretty nice at the end.
Happy Friday mate.
Great, honest video as always!! Yeah, mileage is overrated, especially with modern diesels; they'll do 300-400k miles .
Yeah but a car is much more than an engine. At 300k plenty of other things will be wearing out.
So honest, I like your style of videos.
Thanks for watching
Love your style and honesty. As someone living on a ULEZ zone l find it so strange even driving a non compliant car never mind buying one?
Great seeing a high miler that has been looked after and turned round very quickly, great end result.
The interior wasn't exactly looked after lol but mechanically yes.
Just shows what a few hundred quid and some hard graft can do for a high miler. As for the photos, some people don't even show the interior! Almost tempted to try it myself.
As always an informative video
Thanks
"part exchange treasures" love it, whats the best and the weirdest thing you've found in a car
I always enjoy watching your videos .
Thanks