1. Welcome to Tacoma World!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tacoma discussion topics
    • Communicate privately with other Tacoma owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Flipping a Taco...few questions

Discussion in '1st Gen. Tacomas (1995-2004)' started by NegroTundra, Oct 16, 2011.

  1. Oct 16, 2011 at 5:21 PM
    #1
    NegroTundra

    NegroTundra [OP] Well-Known Member

    Joined:
    Oct 25, 2010
    Member:
    #45227
    Messages:
    652
    Gender:
    Male
    Land of Enchantment
    Vehicle:
    03 Tacoma TRD 4WD 5 spd
    No, not flipping as in end over end :rolleyes:


    I've got a buddy with an 02 Taco TRD 4X4 SR5 XTra cab that is stock as they come. He hasn't kept up with maintenance as well as I do, but the truck is in "good" condition. A few dents/scratches here and there, bfg a/t's that are on their way out, and paint that has never seen a coat of wax. That said, I drove it the other day, the engine/drivetrain and suspension seem just fine. It's an automatic with ~78,000 miles.


    He and his wife are expecting a nino soon, and he's ready to offload it quickly so they can get a bigger vehicle. He told me the other day, "I think i can get about 6k for it". I said "bro!, put a little TLC into before you put it on the market and you can easily get 10k for it!" He's not too interested in putting time into it, he's not a "vehicle" kind of guy, which got me to thinkin...

    I buy the truck from him for say....$7k. I put new rubber on it, make sure everything is tight, wash, wax, polish yadee yadee yadaa...don't expect to put more than $1,500 into it, then I sell for $10k ish, give him the extra earnings minus about a grand for my labor and time. I've already posed this situation to him and he's cool with it.

    So here's the question...is the State of New Mexico or MVD or any other agency going to have a problem with this? Is having a dealer license a requirement for this type of activity?

    Thanks for your time.
     
  2. Oct 16, 2011 at 5:25 PM
    #2
    ALawrence

    ALawrence Well-Known Member

    Joined:
    Sep 10, 2011
    Member:
    #63252
    Messages:
    1,403
    Gender:
    Male
    First Name:
    Andrew
    Oklahoma City
    Vehicle:
    03 Tacoma Sr5 Double cab 4x4
    nothing wrong with that. i think most states classify a dealer as someone who sells more than like 10 cars a year... what your doing is normal... not a damn thing wrong with it.
     
  3. Oct 16, 2011 at 5:27 PM
    #3
    TacoMX

    TacoMX TW's Official anti body-lift pundit

    Joined:
    Aug 24, 2011
    Member:
    #62240
    Messages:
    4,834
    Gender:
    Male
    First Name:
    Jonathan
    Deltona, Florida
    buy it and keep it :D
     
  4. Oct 16, 2011 at 5:47 PM
    #4
    Bsfilter

    Bsfilter Well-Known Member

    Joined:
    Sep 6, 2011
    Member:
    #63004
    Messages:
    62
    Gender:
    Male
    First Name:
    Bob
    San Pedro, CA
    Vehicle:
    08 4.0 AC 2WD SR5 TRD OR/RT
    He wants $6000 and you are going to offer$7000 for it? FAIL! Give him his asking price and after you put YOUR TIME AND MONEY into it, sell it and keep the cash. Dont reward someone for being lazy and stupid, that's the governments job and they hate competition.....
     
  5. Oct 16, 2011 at 5:49 PM
    #5
    s13bdafocker

    s13bdafocker Well-Known Member

    Joined:
    Sep 7, 2011
    Member:
    #63103
    Messages:
    169
    Gender:
    Male
    First Name:
    Daniel
    Lake Havasu City
    Vehicle:
    2002 Taco TRD SR5 4x4
    3'' lift with 33'' tires and a high lift jack thats all rite now
    ^^^ don't listen to this guy .. helping a friend is a great thing ..




    Pics of truck. Like posted above think the limit is 10 cars but 5 in california something dumb like that. There is nothing wrong with what you are trying to do. NADA value the truck maybe mark it up a little and see what you can get. I have a 02 trd sr5 4x4 v6 5speed and was offered $10.200 so who knows.
     
  6. Oct 16, 2011 at 6:10 PM
    #6
    STLharry

    STLharry Lube: It's the key to penetration.

    Joined:
    Oct 11, 2008
    Member:
    #9899
    Messages:
    1,911
    Gender:
    Male
    First Name:
    Harry
    VT
    Vehicle:
    Yeti Rescue Package with 240k miles
    '95-'97 camouflaged, ARB bull bar, RAT Products skid plate kit, sliders, Green Mountain Customs rear tube bumper and overland bed rack, King coilovers with Icon neoprene covers, defenestrated sway bar, OME Rear Suspension: CS046R leafs + AAL/5125 shocks/NWOR greasable hardware/U-bolt flip kit; S13WL Tundra calipers/pads/rotors, IPF H4 lenses and bulbs, IPF 968 DCG 100W lights, clapped out CB radio, Aussie-spec FJ60 inclinometer, ARB CKMA12 compressor, Superwinch S9000 with 12V Guy clock switch, 4' Hi-Lift, deckplate mod/grey wire mod/dif breather extensions, Duratrac tires, Sockmonkey bedside decals, boat cupholder, Dakine bike pad
    Yes do it. Tacomas are a commodity these days...if you can make a buck off that and help your friend out at the same time why not?
     
  7. Oct 16, 2011 at 8:42 PM
    #7
    Creepwood

    Creepwood Active Member

    Joined:
    Sep 19, 2011
    Member:
    #63776
    Messages:
    35
    Gender:
    Male
    Tennessee
    Vehicle:
    04 SR5 4X4 Xtra Cab
    Nothing wrong with that. If he doesn't want to spend the time to make the extra money I don't think that there's anything wrong with you doing it. I probably wouldn't tell him how much you eventually sell it for though.
     
  8. Oct 16, 2011 at 10:35 PM
    #8
    Digiratus

    Digiratus Adventurer

    Joined:
    Mar 26, 2010
    Member:
    #34006
    Messages:
    13,759
    Gender:
    Male
    First Name:
    Mike
    Roaming the PNW
    Vehicle:
    The RedHead
    2002 XtraCab TRD 4x4 Auto Trans With Lots of Mods King Extended Travel COs Camburg Uniball UCAs Alcan Custom 8-Leaf Rear Spring Packs Fox 2.0 Resi Rear Shocks FrankenFab Rear Shock Relocate All-Pro U-bolt Flip w/Timbren bumps Toytec 1" Extended Shackle 4.88 Nitro Gears ARB Front Locker ARB Twin Compressor 15x8 D Window Steelies 33" BFG KM2s Limited Edition Relentless Front Bumper Smittybilt X2O 10K Winch Rugged Ridge 3" LED Pods w/Amber covers Mini D2S Projectors XB35 Ballasts + 4500K Bulbs Badland Sliders FrankenFab Tire Carrier Swingout bumper w/kitchen BudBuilt Front & Bellypan Skids BAMF Rear Diff Skid Whynter 65 qt. Fridge/Freezer CVT Mt Bachelor RTT Badland Custom Bed Rack GM 140 amp alternator Dual Northstar 24F AGM batteries BlueSea 7622 ML-ACR Battery controller Peak DBI Dual Battery Voltage Monitor Magnaflow 18" Muffler Braided Steel Brake Lines AFE Pro Dry S air filter ScanGauge II OBDII Scanner Kenwood TM-71A Dual Band Ham Radio Larson 70CM/2M Antenna Uniden 520xl CB radio 3' Firestik Adjustable tip antenna Pioneer DEH-P9400BH HU Alpine Amps & Type R components (F) and coaxials (R) Wet Okole Seat Covers Weathertech Digital Liners Deck Plate Mod 1" Diff Drop Carrier Bearing Drop
    ^^^ x2

    Drive it up here, put some tire shine on it and flip it for double what he is asking. No lie!
     
  9. Oct 17, 2011 at 4:18 PM
    #9
    NegroTundra

    NegroTundra [OP] Well-Known Member

    Joined:
    Oct 25, 2010
    Member:
    #45227
    Messages:
    652
    Gender:
    Male
    Land of Enchantment
    Vehicle:
    03 Tacoma TRD 4WD 5 spd
    Thanks for the input guys. I'm not looking to get rich off my friend, just help him out and do what i love most...tune up a yota!

    What about the insurance, will I have to purchase it for the time I "own" the truck? Seems like an ara i might get screwed in.
     
  10. Oct 17, 2011 at 4:20 PM
    #10
    Oat

    Oat Well-Known Member

    Joined:
    Aug 19, 2011
    Member:
    #61992
    Messages:
    1,169
    Gender:
    Male
    Florida
    Vehicle:
    2001 Prerunner
    Gibson Exhaust, Painted factory steel wheels, Chrome wheel caps, K&N Air intake, Tint, Regular Bilstein (yellow/blue) all around, Leveling spacer kit upfront, Partially de-badged, Westin Bullbar with skidplate, White, Double Cab Prerunner SR5
    Glad i'm not your friend...
     
  11. Oct 17, 2011 at 4:53 PM
    #11
    STLharry

    STLharry Lube: It's the key to penetration.

    Joined:
    Oct 11, 2008
    Member:
    #9899
    Messages:
    1,911
    Gender:
    Male
    First Name:
    Harry
    VT
    Vehicle:
    Yeti Rescue Package with 240k miles
    '95-'97 camouflaged, ARB bull bar, RAT Products skid plate kit, sliders, Green Mountain Customs rear tube bumper and overland bed rack, King coilovers with Icon neoprene covers, defenestrated sway bar, OME Rear Suspension: CS046R leafs + AAL/5125 shocks/NWOR greasable hardware/U-bolt flip kit; S13WL Tundra calipers/pads/rotors, IPF H4 lenses and bulbs, IPF 968 DCG 100W lights, clapped out CB radio, Aussie-spec FJ60 inclinometer, ARB CKMA12 compressor, Superwinch S9000 with 12V Guy clock switch, 4' Hi-Lift, deckplate mod/grey wire mod/dif breather extensions, Duratrac tires, Sockmonkey bedside decals, boat cupholder, Dakine bike pad
    Don't think so. If you're not planning to drive it (for the most part) then why bother. If you inspect it then it will need insurance though..at least thats the case in vt.
     
  12. Oct 17, 2011 at 4:57 PM
    #12
    samsung

    samsung Well-Known Member

    Joined:
    Jan 2, 2011
    Member:
    #48601
    Messages:
    1,134
    Gender:
    Male
    First Name:
    George
    Sugar Land, Texas
    Vehicle:
    2011 PreRunner doublecab TRD Offroad
    undercover lid/Ipod integration kit/Pop n lock/bed rug, fumoto drain valve, full piping Wet Okole covers, Blacked out badges, Lamin-X fog light cover yellow, window tint, ARB deluxe bumper with fog light kit,DSM UCA'S,3 support shrockworks sliders,complete OME lift with 886X coil and dakar leaf spring with 3 degree axle shims and center pin lenghtener,warn VR10000 winch,amsteele blue synthetic rope, daystar winch isolator, daystar delrin rollers, IPF 900xs Extreme Driving H9 Kit 900XSD (900XSD),Horn on fire with shot Penning,
    x2
     
  13. Oct 17, 2011 at 4:57 PM
    #13
    oldtacomaguy

    oldtacomaguy four forty four

    Joined:
    Dec 11, 2006
    Member:
    #444
    Messages:
    10,033
    Gender:
    Male
    First Name:
    Dave
    SE Conn.
    Vehicle:
    08 SR-5 4WD Impulse Red Pearl
    Alpine deck and amp, Polk speakers front and rear, Kenwood subwoofer, windows tinted to 20%, Sockmonkey decals, TSB, Eibach springs and Bilstein 5100's
    Come on man, this guy is trying to help a buddy out. No shame in that.
     
  14. Oct 17, 2011 at 5:00 PM
    #14
    TacoMX

    TacoMX TW's Official anti body-lift pundit

    Joined:
    Aug 24, 2011
    Member:
    #62240
    Messages:
    4,834
    Gender:
    Male
    First Name:
    Jonathan
    Deltona, Florida
    +1...idk about the laws in your state but as long as you aren't driving it it doesn't need to be insured. It probably doesn't even need to be registered as long as it isn't sitting out in your driveway.
     
  15. Oct 17, 2011 at 5:15 PM
    #15
    Boerseun

    Boerseun Well-Known Member

    Joined:
    Jul 25, 2011
    Member:
    #60538
    Messages:
    3,093
    Gender:
    Male
    First Name:
    Ferdie
    Sarasota, Florida
    Vehicle:
    02 PreRunner DoubleCab TRD
    Bull bar, nerf bars, bed extender, tonneu cover, bug deflector, wish list,....
    Great idea to help a friend out. Instead of having to get insurance and having to transfer the title to your name, why don't you keep it in his name? Just fix it up and then sell it as his agent. You give him his $6k, pull out what you had put into it, and then split the rest, or give him $1k and keep the rest, or however you want to split the profits, but it will save you all the tag and title cost. I think you might save on taxes also if you don't transfer it to your name.
     
  16. Oct 17, 2011 at 5:20 PM
    #16
    Taco505

    Taco505 Well-Known Member

    Joined:
    Feb 15, 2009
    Member:
    #13659
    Messages:
    2,568
    Gender:
    Male
    First Name:
    Alex
    New Mexico
    Vehicle:
    08 4cly
    Dule Magnaflow Exhaust dumped behind axle, K&N Air intake, Aftermarket radio with a kicker L5 sub & a shit amp, 18" rims with tires, RHLM, DT header, color matched bumper, oem foglights, 8k hids in headlights and in fogs
    i think your fine man i have family friends that go through cars like toilet paper its ridiculous, one of the local guys also buys and sells cars all the time he is a nut its "southernx"might wana ask him if he knows anything about local problems.

    anyway good luck man
     
  17. Oct 17, 2011 at 5:22 PM
    #17
    97yota4wd

    97yota4wd Well-Known Member

    Joined:
    Aug 26, 2010
    Member:
    #42280
    Messages:
    12,955
    Gender:
    Male
    First Name:
    Eric
    Mesa, AZ
    Vehicle:
    alot of metal, small engine, decent travel.
    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc
    io wouldnt put new tires on it, it wont gain as much when you sell it as they would cost
     
  18. Oct 17, 2011 at 5:36 PM
    #18
    Taco505

    Taco505 Well-Known Member

    Joined:
    Feb 15, 2009
    Member:
    #13659
    Messages:
    2,568
    Gender:
    Male
    First Name:
    Alex
    New Mexico
    Vehicle:
    08 4cly
    Dule Magnaflow Exhaust dumped behind axle, K&N Air intake, Aftermarket radio with a kicker L5 sub & a shit amp, 18" rims with tires, RHLM, DT header, color matched bumper, oem foglights, 8k hids in headlights and in fogs
    he could prob find a decent set of used tires that have at least 50-75% left for cheap.

    i know all the mexican places down here have some decent used tires and if you speak spanish you can haggle them down pretty good haha
     
  19. Oct 17, 2011 at 6:44 PM
    #19
    NegroTundra

    NegroTundra [OP] Well-Known Member

    Joined:
    Oct 25, 2010
    Member:
    #45227
    Messages:
    652
    Gender:
    Male
    Land of Enchantment
    Vehicle:
    03 Tacoma TRD 4WD 5 spd
    ^yeah, theres a nice set of rims + tires on our ABQ craigslist right now for ~$500 from a 05 Tundra. That would do it! (Buddy's rims got that crap that won't come off)

    Good idea Boerseun, think I will just be his agent haha...perfect!
     
  20. Oct 17, 2011 at 6:49 PM
    #20
    oneBIGroom

    oneBIGroom SSS

    Joined:
    Aug 21, 2011
    Member:
    #62067
    Messages:
    971
    Gender:
    Male
    First Name:
    SSS
    SSS
    Vehicle:
    SSS
    SSS
    ^^^ Dont listen... He has no friends.
     
To Top