• ODT Gun Show this Saturday! - Click here for info and tickets!

FLIPPIN CARS TO FUND OTHER CAR PROJECTS

Had a friend that just bought a Leaf and was going to trade in her 2012 Accord. I told her to sell her car to Carmax and just buy the Leaf without a trade in. She took it to Carmax and they offered $13k. I told her she could probably get close to $15k for it but she didnt care to go through the hassle of selling it. I offered to sell it for her but she refused. So before she sold to Carmax I told her I'd give her $13k for it. So I did. Gave her a cashier's check on a Tuesday so she could pay off her loan, had it sold by Friday (4 days) on Craigslist for $14,200. Title took about two weeks to get here but buyer left a deposit until it arrived.

In GA you can flip 5 cars before you're considered a dealer. ODT rules might be different, apparently.
Don't you have to pay tax now when you buy it?
 
Hey everybody come up to riverstone in canton and see the "true blue Z " this saturday ( if i dont get a service call HVAC) poboys car show!
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In for this! You still on for today?
 
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