Originally Posted by Ol' Red
Nice YJ you have there. How did you manage to find that 3500-6000 deal?
i live on a military post, and i swear there are over 200 jeep wranglers here. military guys love em.. just outdoorsy type of guys i guess. me included. so any time i can pick up a jeep wrangler for cheap i do, and i put it right up on craigslist the same day. sometimes before the old ad has been taken down lol. mostly i find them out of the area, because the guys around here dont check those for some reason.
i got the 97 from a guy about 3 hours away. i had been eyeballing the ad on craigslist for about a month. he started out asking $4500 for it, even then it was still a great deal. Then he went down to $4200, and then to $4000 firm. this was right before tax time, so he had people promising him cash, or trying to get bank loans, because most people spend more right before income tax comes in, so they are broke until they get that check. well im a saver, always have been. dont get me wrong, i spend money, but just when its the right time. anyways, i told him i was military, and driving from faaar away, and we talked down to 3700 on the phone. once i got out and pointed out everything that was wrong with it, i drove it home for $3500 cash.
the jeep was AWESOME. it had issues (it was repainted, and although the paint was awesome and they did a good job, you could tell in some spots... there was a electrical issue- none of the running lights or signals worked, and it was throwing a code for the iac, and the check engine light was out. oh, and the tires were bald. the underside and body had NO RUST which is very rare for upstate ny. it hadnt been on the road in over a year and needed an inspection. the interior and underside were sprayed, including all the common rust points under the hood. it was a EXTREMELY CLEAN JEEP. im talking showroom condition!
i cleaned the iac real good and replaced the check engine light bulb.. easy fix. the wiring problem was bad grounds, fixed that too. i installed a 2.25'' spacer lift (80 bucks) and kept the stock shocks on. got some used 31'' mud tires for 100 bucks, got it inspected, and all in all was in it for about $3700.
i was so proud of it when i got it done, i thought i was really going to keep this one.
then i saw an ad from a local used car dealer on craigslist for a 97 that was rough, with rust. he wanted $7000 for it. it really got me wanting to flip it, so i threw an ad on craigslist for $6000 firm.
a guy came out the next day and when he saw the condition he gave me cash on the spot. no questions asked, not even a hint of haggling about the price.
i used that money to buy a 03 ford supercrew cab in awesome condition for $6500 from a wholsaler i know... and thats where i sit now. the book on the ford at kbb is a little under $10,000.
so i figure ill always get at least the $6500 back that i paid for it... but really im only in it for $3500.
i do all my vehicles like this... ive never financed a car and i never will. buying a new car is the worst investment youll ever make, especially if you finance it. i just cant stress enough how much your screwing yourself financially if you buy a new car.
if you have cash, get a decent car for cheap, and put it on craigslist for at least 1000 more than you paid. do this until you get up to a decent level vehicle, and there you go. instead of throwing ultra cash at a new car only to have it valued waaay below what you still owe... you own a car now, no payments, liability insurance, and your in it for half of what its worth!
i sold used cars for a while, my dad has been in the car business over 20 years, and i know all the ends and outs of it like the back of my hand. i like to give advice when i can, but i find most people dont listen. once someone gets it in their head that they HAVE to get that car, they will.
i looked at over 10 jeeps in the last week before i settled on the yj. there was a 97 tj for the same price i looked at 2 hours before that, that i could have made some money on, but i just want something to drive all summer.