Potential to buy Wrecked 2003 For F-350 for $900

Originally Posted by thortek

Take risks.....but make them calculated risks! The only loss worth taking is for education, or straight fun! Sounds like you made a great business decision!

Thank you sir. I got an update a few days ago from the body shop guy. He is now up to $1000 in parts, and the body work is still not done. So he's around at least $2600 into it, and he still can't get rid of it. I feel bad for him actually, I thought- "Heck he puts a few bones into it and makes all his $ back and then some" I'm ok with that. I didn't want to drop the extra $1500 into it and try and sell it- so I took the easy "low hanging fruit" and bolted. I knew right off the bat that the truck only booked out at about $4500 bucks, so putting a total of about the same $2600 into it and then splitting the profit (Say $2 Grand, so $1K for me and $1k for the body guy- if all went perfect" I'd just take the $700 profit that day. I've used that money to buy other vehicles- it's tripled itself easily since May!