I bought a car for £400 on Facebook Marketplace and sold it for three TIMES the money – here’s how
A MAN bought a car for £400 on Facebook Marketplace and sold it for three times the money.
Sean Welsh took to social media to show his followers how he made more than £1,000 by selling an old Vauxhall Corsa.
The car expert bought a red Corsa Sxi for £400 with a failed MOT and some bulbs, shock absorber and wiper blades.
And, after spending £100 on repairs and giving it a good clean, he managed to sell it for £1,200, meaning he made a £700 profit in just a few days.
The user @s88anw is a professional car flipper and has sold dozens of cars, including a Volkswagen Golf and an Audi A3.
The video has had thousands of views on TikTok and 31 comments.
But, viewers are not too convinced.
One said: “Sorry to ask probs the most common questions, but how do you do this without trade insurance etc. and buying and selling without being a trader?”
The poster answered: “I’m 19, so I can’t get Trade insurance. I use Veygo. I usually insure the cars I buy for three days for roughly £40. This gives me enough time to prepare for the sale.”
A second person commented: “That’s not 700 profit then, both mot bookings, the 100 for any issues, insurance for a few days, 500 profit maximum.”
The poster replied: “One MOT booking at trade price £35 free retest, few bulbs £5, wipers £10, shock absorber £35 insurance £12 day.”
Plus, a motors expert has revealed that he made over £1,000 on the easiest car flip ever.