I purchased an old used vehicle in order to fix it up and sell it at a higher price. However, I realized that the original seller had not reported critical issues with the transmission. I could not fix them. As such, I could only sell the car for $1500 at a loss. The car was both bought and sold in 2017. As such, I purchased the vehicle as an investment, but the investment did not pay off.
If it helps, the fair market value of the vehicle on Kelly Blue Book is $3500.
