Wheeler dealers Aust trading up

[Uncle_Ken]

Watched this on Foxtel last night. Interesting the cars he bought and the $$ he made. Must be laughing with the Ford Escort..
UK

Location

Vehicle

Budget

Purchase Price

Additional
Costs

Final Selling Price

Profit / Loss

Sydney, Australia

Ford Falcon Futura AU II

$3,000

$900

$215

$2,790

$1,675

• Mike went to a scrapyard where he found a second hand driver-side mirror and headlamp for $80
• Mike changed the parts and resprayed the bumper himself in order to cut the costs
• Mike sourced out second hand camping equipment and bought it for around $135

Mazda RX-7

$4,675

$4,050

$450

$3,600

-$900

• Mike had the car repainted for $450
• Mike's friend, Richard put the car in his showroom to attract attention
• The first bid on the Mazda was $5,130 with $480 profit, but in the end the deal was called off

Holden Commodore VU II UTE

$3,775

$4,750

$450

$5,850

$650

• Mike had to pay for the car via his credit card as there hadn't been a sale with the Mazda at this point
• The car was detailed and the calipers were painted for $450
• The car was sold to one of the mechanics who was working on the car

Ford Escort Mk 1

$4,425

$4,950

$1,368

$14,240

$7,922

United Kingdom

• The car was shipped to UK in a container with a cost of $1,280
• Mike had to register the car in the UK for $88
• The floor panel was repaired