427 Baldwin Motion Nova For Sale

[Racefan]

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I don't blame those who want to remain private about thier rides, I wouldn't want to be surrounded by sharks trying to get my ride just to turn it around for a profit.

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Everything negative in this thread revolves around "flipping a car" or making a profit. So, I think it important to define a couple of things for future reference so everyone can be on the same page.

1) How long must one keep a car after a purchase to not be considered "flipping"?

2) Are there acceptable circumstances where a person can "flip" a car in order to not take heat from those who do not "flip" cars?

3) What is an acceptable ceiling of profit which can be made off a car to not be scorned (a percentage will do)?

4) Is it accepted that if we are not to purchase cars to "turn a profit", would it then stand to reason that we should never purchase a car below its current value (ie.-Seller is looking for $12,000 for a car we know to be worth $85,000. We should therefore offer Seller A $85,000 because that is the value and, after all, we aren't trying to come out ahead)?

When I was a kid, the way to get a nice car went as follows.
1) Buy a heap, fix it up and sell it for a profit to buy a nicer car.

2) Buy a nicer car, and repeat step 1.

3) Repeat step 2.

4) Repeat all steps until desired car is within price range.

Obviously when someone "flips" a car there is a buyer who is willing to pay the cost of the car, so there is a happy buyer. The seller makes some extra money to use for whatever purposes he/she has need for, so there is a happy seller. Who gets hurt in this again? Not the car....it doesn't really care who owns it (remember, it is steel and has no soul). Not the buyer, they purchased a car for what they thought was fair (or they wouldn't have bought it). Not the seller, because the extra money allows for something else to be purchased/saved/invested/whatever.

So, "flipping" a car may be the only way that an average guy, like myself, could ever own one of these cars that many of you have owned 10 or more of (hmmmm......how many were "flipped"?). If that is the wrong way to go about earning enough disposable income to obtain one of these dream cars, then I guess it could be surmised that it is wrong for a guy like me to own one.

I just want to be clear on this, I am sure the torching will now commence.