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Full Version: a flaw in my plan?
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ok here it goes.

i am in dire need of a vehicle. but due to unfortunate circumstances i lack the funds to purchase one. i have retained a broker in the hopes that i would achieve a $20k line of credit. only failure has come out of his indian ass. (plus due to some late payments on my bills kind of fucked me over). anyways, he has managed to get me a $10k visa card. now this is what i'm thinking...i have a connection, an individual who has a dealership liscense. he has the capability to purchase vehicles from auctions, more importantly police auctions. he tells me that he purchased a 2005 g35 coupe for $7k and a 2004 350z for $6k and that these types of cars regularly go for those prices. taxes excluded. these cars are $18k-$25k+ value on the open market. now i'm thinking to purchase a vehicle for $7k with my new visa card. sell the newly purchased car for $16k, but advertising it strategically. demanding $19k and say price is negotiable and drop $3k. hardcore deal man. now with my $16k, i pay off the visa card i initially used to purchase the first car and close the credit card account, and purchase a car again from the same bloody auction for $6k, leaving me with roughly $3k for the taxes i'm going to dish out.

assuming my source is legit and the primary vehicle that is purchased is one solid fucking car, what are my chances of success? (32.33%...LEROY JENKINS!! sorry lol)

logic and any extra knowledge in the matter would be highly appreciated.


even though there's like 3 people on this forum lol
Leverage: If you're smart, you don't need it. If you're dumb, u got no business to invest in.
Think about how much is your "source" making when hes selling you the car and if it is usually too good to be true, it usually is.
source is a family friend making no profit off of me. strictly pro bono =)
do it up and tell us how it went

by any chance these are US car auctions?
only in ontario, this particular police auction is in aurora. this is going to take some time but i'll keep this updated
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