A CAR expert turned £150 into £12,000 by flipping eight different motors.
Johnny took to social media to show his followers how he managed to make a tidy profit by flipping a string of second-hand cars.
4
4
4
The video – posted on his JohnnyGetsCash channel – sees the pro improve the condition of eight different cars before selling or swapping them on.
He hopes to eventually “flip his way to a super car”.
In the clip – highlighting the first part of his mission – Johnny buys a used Toyota Rava for £150 and then spent hours gutting the car.
After a spray wash and other repairs the car was sold on for £1,300.
After costs of £624 the expert made a profit of £676.
The motor expert used the cash to buy a second car for £750.
He then spent another £847 on restoring the used car and sold it on for £1,600. This made a profit of £753.
The wheeler dealer then bought a four wheel drive model for £750.
After a full refurbishment – which included repairs to the body and chassis – the car was sold on for £1,950.
The trader spent £855 on the car and made a profit of £1095.
The expert then used the cash to buy a Honda R for £3,150
He then spent another £3,258 on the car and sold it for £5,000 making a profit of £1,742.
The trader then bought a Nissan for £4,600 which he then spent £4,738 on refurbishing.
The Nissan was sold for £6,500 representing a profit of £1,762.
The trader then bought a Toyota Hilux pickup for £4,900 which was stripped back down and re-built.
The chunky truck was fitted out with radial tyres, a roll bar and fog lights.
The expert spent £2k on the truck which he then swapped.
The next car on the list was a Land Rover Discovery, which was also stripped back down and partially re-built.
The trader spent £7,065 on the truck which he sold for £8,995, giving him a profit of £1,930.
The final motor was bought for £6,916 and sold on for £10,500.
The series of transactions turned £150 into just over £12,000.
The expert posted a message on his social channel which read: “This video highlights the journey so far; from car one to car eight – a journey that saw me turn my initial spend of just £150 into a fairly hefty £12,166.”
It comes after a motors expert made over £1k on the easiest car flip ever.
And another made more than £900 profit flipping a car on Facebook.
4
For all the latest Automobiles News Click Here
For the latest news and updates, follow us on Google News.
