Richard Rawlings shows how to make a quick $100,000 on this week’s Fast N’ Loud — on the 1965 Shelby Mustang GT350 he picked up in the premiere with a frozen engine.
Despite buying it for $300,000, the Gas Monkey Garage founder manages to make a deal to shift it for $400,000.
How does he do it? If anyone knows anything about selling cars it’s Rawlings, and his tactic on this deal is to go in super high — at $600,000, double the price he bought it for. He knows that if it was working it could fetch around $500,000.
The buyer laughs off the sky-high price, and after a quick phonecall to Dennis they agree to go in with a second price of $450,000, and then to sell it for $400,000 if the buyer doesn’t go for that.
After refusing the $450,000 offer, the buyer does what’s expected and goes in for $400,000, making Rawlings and Gas Monkey a neat $100,000 profit for very little work!
This week’s Fast N’ Loud also sees the crew rushing to finish their first big build without Aaron Kaufman — the 1973 Chevy P30 Step Van. We told last week how “Bearded Wonder” Kaufman is set to appear in a new show on Discovery next year called Shifting Gears.
Fast N’ Loud airs Mondays at 9/8c.
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