Trading your way to a 997 Turbo with 5k

[ATV]

Here is the scenario.

You have 5 grand in cash to buy your first car.

You then have to trade upwards to your next car and you will always have 5 grand cash to buy your next car with the trade-in. You need to keep trading upwards till you get to a 997 Turbo.

What cars would you buy in the interim?

The only rule is you have to buy the most fun/desirable car you can get your hands on and you have to do it in the fewest steps possible. The 5 grand simply has to go on the car itself, not on insurance or tax or anything else.

EDITED: Please note that in this scenario you WILL ALWAYS HAVE AN EXTRA £5k to spend on the next car (i.e. you're trading in your new car plus using another £5k cash on top to buy the next one)

Edited by ATV on Sunday 24th October 18:19

[RWD cossie wil]

It would be a balancing act between desirable & profitable, but saleable....

For the 5-10k bracket, I would be looking at Cosworth/ Evo/ Focus ST's etc. 10k upwards maybe E46 M3's, but there might be too many similar cars for sale to make a decent profit on.

[McSam]

Heh, I like it. What's the value of the 997, or is it a new one at £105,927?

I'd kick off with a B5 Audi S4, if I could get a decent one for £5k which I think I just about could. Just because it's an itch that really needs scratching right now

Am I right in thinking, then, that we take the value of the car we choose, add five grand, and that's the budget for the next one?

[RWD cossie wil]

Being realistic, how much are you going to make out of each car? £500-1000 max? Quite a few trades unless you drop very lucky on a few cars...

[rallycross]

Not possible unless you have a lot of time - ie years to get there.

biggest profit is on slow to sell / rarer/ oddball / unusual cars that the trade dont want to get involved with; so you could take a bit of a chance and advertise it for months until the right buyer comes along.

You might have more chance getting there with £5k's worth of lottery tickets!

[Welshbeef]

RWD cossie wil said:

Being realistic, how much are you going to make out of each car? £500-1000 max? Quite a few trades unless you drop very lucky on a few cars...

plus you may get unlucky and have to repair quite a few and also take a bath on the sale of some.

You could just keep doing it with £5k cars but seriously your looking at best part of over 100 trades.
If you keep going up the ladder then you have to start looking at classic cars be lucky and not pick up any dogs needing vast funds spent on them plus either scenario is going to take you well over a year possibly many years.

[danyeates]

I think he means hypothetically, if you added £5k cash onto the value of each car. So buy a car for £5k, then sell for £5k, then add £5k and buy a car for £10k etc. Could work if you were able to save up £5k a year, every year and sell each car for the same amount you bought it for after a year.

[Welshbeef]

danyeates said:

I think he means hypothetically, if you added £5k cash onto the value of each car. So buy a car for £5k, then sell for £5k, then add £5k and buy a car for £10k etc. Could work if you were able to save up £5k a year, every year and sell each car for the same amount you bought it for after a year.

saving £5k plus the depn year on year would take you over twenty years
think about that for a second. If you start at twenty by just over 40 you'll be into the latest 911 turbo which is fair game then again at that point in time £100k plus interest would be a nice chunk to pay off your mortgage

[masermartin]

OP, I hate you. I hate you a lot for giving me a very bad idea.