Back in May I wrote an article on how to get paid to drive a Dodge Viper for free for the summer. While I ended up having the car for quite a bit more time then just the summer, I still got paid to drive it I officially sold the car a few weeks ago (which is why I picked up the Corvette), and without getting into any actual numbers, I can say that after buying the car, paying all of the taxes registration, title, gas, insurance, etc…I ended up with about $1,000 profit. Who wouldn’t take a Dodge Viper supercar for 6 months or so, and get paid $1,000 to do so?

I will say this though, I only put about 1,500 miles on the car, but it was a blast! Even though I made $1,000, the new owner still got a decent deal on a pristine 94 Viper with only 16,300 miles on it. If you play your cards right, you could technically do this with any car (although it is a lot of work sometimes).

Now that I’ve had some time with the Vette, I’m actually starting to miss the Viper. While the Viper was on my list of dream cars to own one day, my actual dream Viper is a 96-97 blue GTS (hard-top) with white stripes. I’ve recently put the Corvette up for sale (no hardcore selling, but if it sells, I’ll sell it), and hope to profit about $1,000-$3,000 on it. For a 97 with only 36,000 miles on it, I should have no problem getting $500-$1,000 more than I paid at the minimum. Once that’s sold, I think I will start to seriously look for my dream Viper (They normally range in the $40,000-$50,000 range), and hopefully pick one up. I’ve already starting my search, but I don’t want to jump on anything until the Vette is gone.

The main differences between the Viper I had an the GTS I want are the following:

• The color/stripes! This is my dream Viper combo
• 450hp compared the 94 which had 400hp
• Much nicer/updated interior. Let’s just say the 94 Viper interior needs some work…although it was cool back in 94
• Much more practical. With actual windows and a button for the doors, it’s a much more practical car. Although who cares about practicality with a Viper?
• The hood scoops! This 2nd generation Viper has a hood scoop and two gills on the hood. It makes it look much more aggressive in my opinion.
• The back of the GTS is just way sexier. I love the way everything is molded into the back, and am actually not too big of a fan of the rear of the RT/10.
• The RT/10 I had was convertible, which I will definitely miss
• The 1st generation Viper that I had, had side pipes. This means that the exhaust pipes came out of the side of the car…a very exotic thing. The GTS has the exhaust come out of the middle of the back of the car. While it still looks cool, side pipes were neat.
• There are a bunch of other differences, but the above are the major ones that affect me

A used 1st generation/2nd generation Viper is a great supercar to get if you can afford it. The car does not depreciate very much at this point in time. So if you want to drive a car that turns every head, and is a blast to drive, but don’t want to spend too much money over time…the Viper is your answer. There are a couple new reasons why the value of the Viper will either depreciate at an even slower rate, or may even go up.

There is a very good chance the 2011 will be the last year that Dodge makes a Viper. Dodge has already stopped making a lot of the parts for older Vipers, and there is some word that they will stop all together in 2011. My thoughts are that this should help out the value of Vipers already out there. That and the fact that they are so rare already will help out with keeping the price you paid up there. Remember, there are more Corvettes made and sold in one year than Vipers have ever been made since they started in 1993.

Since I own a Dodge Viper, this news immediately caught my attention. A red and white Dodge Viper GTS lost control and hit a fire hydrant during rush hour traffic in Addison, Ill. The car flipped over, and leveled off the fire hydrant, causing water to gush everywhere. Luckily the driver managed to get out of the car uninjured. Sounds like a scene from an action movie, huh?

The Viper forums had a couple of notable quotes in response to the accident that made me chuckle:

I guess this is not the best way to get a “free car wash”.

I wonder if that hydrant was loaded with Mr. Clean Auto Dry…

Ebay Listing: Clean Title, Florida car, never seen rain!

Well, thats one way to wash the underbody

There are two videos that I found, the first one is a news report by a CBS affiliate. This video is the best, but can only be played on their site.

The other you can watch here:

Although the Viper is a great car, they also make great Dodge trucks. They look best when coupled with the newest truck accessories and truck bed covers. People also seem to like chrome accessories to make their truck shine! Read all about trucks today.

I recently bought a Dodge Viper, and I mentioned that I’d be driving it around for free, or maybe even getting paid to drive it. So how am I doing this? Careful planning, and a lot of searching/watching for the right deal.

I know you’ve all heard that buying a car is the worst investment you can make. Go to the dealer, pick up the latest and greatest 2007, and watch it lose thousands of dollars as soon as you drive off the lot. That doesn’t sound like a very intelligent thing to do, right? But many of us do it anyway, we want that new car feeling, we want a warranty, and we want the latest thing on the road. I’m the same way, I do like having the latest and greatest, and have purchased two brand new cars in the past 6 years. I’ve also learned from my mistakes. Since buying my 2nd brand new car, I’ve purchased 5 vehicles (3 cars, a motorcycle, and a dirtbike), but they have all been used. I’ve extremely minimized my overall ownership costs on all of these vehicles, allowing me to invest more money into things that will make me more money.

So the most obvious thing here is to find a vehicle that you can get a really good deal on, but that also generally depreciates less than other vehicles. My circle of good friends are all into cars, and all have fast cars. Since I sold my twin turbo 350Z, I have been lacking a true sports car, so I wanted to something for the summer…but I wanted to minimize my cost of doing so. A Dodge Viper is a great car to do this with. I purchased a first generation Viper, which is considered a collectors car. I think they have pretty much depreciated to the point (or very close) where as long as the miles are fairly low, the price will not go much lower (some are even saying that they are starting to appreciate). I could probably park the car in my garage, put a few thousand miles a year on it, and sell it years later for a similar price that I paid. I essentially did that with my 350Z, except the difference was that I lost thousands of dollars!

How Do You Find A Good Deal?

To find my Dodge Viper, there were several important factors:

1. You have to have a budget, and stick to it. It’s hard to not go a little bit over what you wanted to spend, but you have to make a hard-line decision on what you can/want to spend.
2. You have to have the funds available and ready to purchase the car at any second. Having the funds without taking a loan will help minimize your total cost by a lot since there will be no interest paid. I’ll have a post later on about how a good friend of mine makes side-income buying and selling dirt bikes…you’ll see how offering what I call a “right-now” action will give you a huge upper hand in price negotiating.
3. You have to be able to negotiate pricing. You can’t be afraid to work numbers with somebody.
4. You have to be able to walk away from a deal if it’s not what you want. If the price is slightly too high, you need to be able to get yourself to wait for the next chance.
5. Be patient. Finding a good deal can be tough, but they are out there! Follow the guidelines, and you will eventually get one.

These can pretty much be relevant to negotiating anything you’re going to buy, not just a car.

The Search Begins

There will be some research required on your end. I watched forums, eBay, Autotrader, Craigslist, and more to get an idea of what a good price on the Viper is. I knew the general ranges of what they sell for, and I also got an idea of what some of the aftermarket parts go for. Why did I do that? Well the Viper I purchased for example had an aftermarket hard top and glass windows…these sell for $5,000 brand new. I should be able to sell it for around $1,500-$2,000 fast, and I can knock that off the total price of the car. In this scenario, it made a huge difference, and was a big factor in why I chose the car that I did.

After knowing the range that the car normally sells for, you can then begin your search. You obviously need to be able to get the car below or near the low range in order to maximize your deal. You have to factor in additional costs such as shipping and taxes/registration. Once you find the deal you want, jump on it as quickly as possible. Don’t give the seller the opportunity to have another buyer come in and offer higher. If the buyer doesn’t already require it, ask to pay a deposit (usually $500-$1,000) so he will remove the car from wherever it is being sold. This will stop other potential buyers from contacting and offering higher than what you did.

When I bought my Viper I was looking at one in Georgia and working on negotiating a deal. In the meantime I continued watching my sources, and found a perfect one come up on eBay. I immediately contacted the buyer and made an offer. He met me slightly more than halfway, and I sent a deposit for the car right away. This was all done within 2 hours of the seller posting the car on eBay! I’m 95% sure he would have gotten his buy it now price (and even had offers for higher), but because I utilized my action items, I got the car for $1,100 less than the buy it now price. On top of that, I can also take another $1,500-$2,000 off the bottom line when I sell the hard top and glass windows. Keep all this in mind, when you are working out a deal, continue to keep looking as a better one may be right underneath your nose.

Good luck, and if you have any questions or comments about finding a good deal, post a comment!