How do I start making money from Classic Cars now ? (Part 3 of 4)
How do I start making money from Classic Cars now ? ( Part 3 of 4)
Classic Car Investing and trading is going gangbusters now, and that is why we have given you a few of the tips that are required to make Classic Car Investing your life choice in Parts 1 and 2 of this series.
In this part of the series, we will now share with you some examples of the money that people are making using the tools that we gave you on Part 2, showing you real-time examples. Please note that these are examples of cars for sale NOW, and are NOT the actual vehicles that were purchased, as this was done some months ago. Prices of Aston Martin DB7's and Ferrari's have risen 25-30% since December, 2013, although these profits are shown as of this moment, which INCLUDE the rise in prices paid :
1) The client purchased an Aston Martin DB7 Vantage Volante ( Convertible ) in the U.K. for £28,500 from www.autotrader.co.uk. The car was sent to Australia and sold on www.carsales.com.au for $123,250, with a profit of $51,220.
PURCHASED IN EUROPE
SOLD IN AUSTRALIA
http://www.carsales.com.au/private/details/Aston-Martin-DB7-2002/SSE-AD-2946871/?Cr=0&sdmvc=1
2) Purchased a Ferrari F355 in the U.K. for £44,200 from www.autotrader.co.uk. The car was sent to Australia and sold for $142,500, with a profit of $39,642.
PURCHASED IN EUROPE
SOLD IN AUSTRALIA
http://www.carsales.com.au/private/details/Ferrari-F355-1998/SSE-AD-2345558/?Cr=2&sdmvc=1
3) A client purchased an Aston Martin DB7 Vantage V12 in the U.K. for £20,100 ( $AU$36.021 ) from www.autotrader.co.uk. The car was sent to Australia and sold on www.carsales.com.au for $98,600, with a profit of $46,180.
PURCHASED IN EUROPE
SOLD IN AUSTRALIA
http://www.carsales.com.au/dealer/details/Aston-Martin-DB7-2003/AGC-AD-15294450/?Cr=4&sdmvc=1
4) Purchased a Jaguar MK2 3.8 litre manual with overdrive in Australia on www.gumtree.com.au for $14.650 and sold it for $51,075 ( £28,500 ) in the U.K. with a profit of $32.850
PURCHASED IN AUSTRALIA
http://www.gumtree.com.au/s-ad/woodlands/cars-vans-utes/1964-jaguar-mk-ii-sedan/1039995708
SOLD IN EUROPE
http://www.carandclassic.co.uk/car/C467613
5) Purchased a Ferrari Mondial in Australia on www.gumtree.com.au for $30.100 and sold it for $46,196 ( £25,500 ) in the U.K. with a profit of $14,000.
PURCHASED IN AUSTRALIA
http://www.carsales.com.au/private/details/Ferrari-Mondial-1984/SSE-AD-1125727/?Cr=0&sdmvc=1
SOLD IN EUROPE
http://www.carandclassic.co.uk/car/C519274
6) Purchased another Jaguar MK2 3.8 litre manual in Australia on www.gumtree.com.au for $11.000 and sold it for $50,179 ( £28,000 ) in the U.K. with a profit of $36,000, as Europeans quite often prefer our relatively rust free examples.
As can be seen, there is an overall profit held in just 6 cars in one year of $219,892. In the final part of this series, we will supply you with some final tips.