Rules! We need Rules!

I have realised that for this to work, I need to set up some rules at the start. Rules which cannot be changed!:


RULE 1 - NOTHING, MEANS NOTHING

If I am going to start with nothing, I really must mean nothing. This means that I cannot spend a penny on my first car:

- No petrol costs are allowed
- No transport costs (that includes trains, buses and everything else)
- No advertising costs when selling it
- No using company staff (as their wages are paid on an hourly rate)

After the first one it should get much easier, but to start with this might be tricky. I have visions of finding a free car 2 miles away and needing to push it all the way back to base all by myself!


RULE 2 - EXCLUDED EXPENSES

If only for the issue that this will get very complicated otherwise, I think that it is best to allow certain expenses not to be covered by Rule 1:
- The cost of telephone calls are excluded
- Any costs that the business would have incurred anyway are not included (e.g. insurance is not included as the company Trade policy covers additional cars at no extra cost)

This, however means that petrol, advertising, transport and all other costs will be deducted from the 'pot' for each car.


RULE 3 - NO CAR MODEL MORE THAN TWICE

To stop being tempted to keep buying the same car over and over again, I will only be allowed to buy a particular Make and Model twice. So once I have done 2 Vauxhall Zafiras, I will have to find something else to buy!


RULE 4 - A PROPER FERRARI!

As Top gear have proven, you CAN buy a Ferrari for under £10,000. To make things worthwhile, I have decided that this rule will require the Ferrari to be either a current or previous model. So, a Ferrari 430 or 360 will do, but a 355 will not be allowed as it is 2 generations back.


As time goes by if I think I need any new rules, I will add them, but these ones here now cannot be changed!

The Start of a Long Journey...

Start with absolutely nothing, and end up with a Ferrari.

The concept is simple, and similar things have been done before... but do I have what is takes?

The plan is to get hold of a car for free and then sell it for a little money. Then use that money to invest in another car, and sell that one at a profit. And then keep repeating the exercise until I have grown the amount of money I have to a size where I can buy a Ferrari.

My whole business (Palmdale Motors - http://www.palmdale.co.uk/) is built on the ability to buy cars for people. We do this day in, day out. The cars we buy are always top quality and we always buy at absolutely bargain prices.

With this in mind, it should be easy... shouldn't it?