Flipping A £195 Car For Profit In 24 Hours - Summary

Summary

The hosts of a YouTube channel attempt to sell a Volvo V40 estate car for a profit within 24 hours after buying it for £250. They clean and take pictures of the car, then list it for sale on Facebook Marketplace and other online platforms. After a series of unsuccessful phone calls and low offers, they eventually sell the car to a woman for £250, making a small profit of £55. The hosts reflect on the experience, noting that selling a car quickly can be stressful but is possible with the right approach.

Facts

Here are the key facts extracted from the text:

1. The budget for buying a car was £250.
2. The car purchased was a Volvo V40.
3. The challenge was to sell the car for a profit within 24 hours.
4. The car had air conditioning and leather seats.
5. The car's engine bay was cleaned, and the interior was detailed.
6. The car had a few age-related marks and warning lights on the dashboard.
7. The initial asking price for the car was £475.
8. The car was listed on Facebook Marketplace and a Volvo owners' group.
9. The price was later reduced to £395.
10. The car was sold for £250 after receiving several inquiries.
11. The profit made from selling the car was £55.
12. The entire process of buying and selling the car took less than a week.