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Teen bought car off Facebook marketplace for £400 and sold it for £1,200

Home> News> UK News

Updated 19:08 25 Oct 2023 GMT+1Published 15:48 25 Oct 2023 GMT+1

Teen bought car off Facebook marketplace for £400 and sold it for £1,200

Sean Welsh ended up with a tidy profit after spending a few days sprucing up the motor

Olivia Burke

Olivia Burke

It's not often that someone buys a car and ends up selling it for more than they bought it.

New motors lose value from the moment they are driven off the forecourt and the worth of used ones crashes even quicker.

But this savvy bloke seems to have found a loophole, as he bought a car for £400 and managed to sell it for three times that.

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Take a look:

Sean Welsh, 19, secured quite a hefty profit after putting his faith in a bright red Vauxhall Corsa SXi earlier this year.

He spotted the three-door vehicle on Facebook Marketplace for a few hundred quid, but reckoned it could be worth much more after a bit of TLC.

The car flipper documented the process on his TikTok account @s888anw so that his followers could follow along with him.

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After picking up his new set of wheels, Sean headed to the car wash to spruce it up before the real dirty work began.

It seemed to be in pretty good condition, but he was somewhat humbled after taking it for an MOT.

Sean Welsh spruced up the motor to secure a hefty profit.
TikTok/@s888anw

The Corsa failed the test to see if it was road-worthy, due to issues with the wiper blades, shock absorber and bulbs.

But the setback didn't phase Sean, as he simply splashed out £100 on the required repairs. An 'easy fix', according to him.

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After it passed its second MOT, the teenager then took a leaf out of Del Boy's book and advertised the Corsa for £1,400.

He ended up dropping the price by £200 to secure the sale, but ended up with over a grand in his back pocket. Not a bad few day's work.

It left Sean - a car flipper who shares the process from start to finish on social media - with a tidy £700 profit.

I bet the buyer was kicking themselves after seeing his video though.

His clip garnered a mixed response in the comment section, as well as many questions from his curious followers.

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One said: "Could have probably put it up for £2k, let people make some offers and got a few hundred more in profit. But good stuff!"

Another wrote: "That's not 700 profit then, both MOT bookings, the 100 for any issues, insurance for a few days, 500 profit maximum."

The teen claimed to make a £700 profit when he resold the Corsa.
TikTok/@s888anw

Sean responded: "One MOT booking at trade price £35 free retest, few bulbs £5, wipers £10, shock absorber £35 insurance £12 day."

A third asked: "Sorry to ask probs the most common questions, but how do you do this without trade insurance etc and buying and selling without being a trader?"

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The content creator replied: "I’m 19, so I can’t get Trade insurance.

"I use Veygo. I usually insure the cars I buy for three days for roughly £40. This gives me enough time to prepare for the sale."

Others were sceptical about the quality of the car due to the fact it was originally being flogged for £400.

Regardless, Sean received a nice payday.

Featured Image Credit: TikTok/s888anw

Topics: Cars, Money, UK News, TikTok

Olivia Burke
Olivia Burke

Olivia is a journalist at LADbible Group with more than five years of experience and has worked for a number of top publishers, including News UK. She also enjoys writing food reviews (as well as the eating part). She is a stereotypical reality TV addict, but still finds time for a serious documentary.

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@livburke_

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