If you plan to flip your first car quickly, you’ll probably want to stay away from rare, uncommon, exotic, or specialty vehicles like limos, buses, sports cars, and classic cars. Specialty vehicles have a lower number of potential buyers, which means they may take much longer to sell.
I’ll explain the facts about flipping cars! But first, let’s define what “flipping cars” means. The definition is to buy and sell cars without a dealer license. Another name for it in the auto industry is curbstoning. Individuals who want to sell a car usually park it at the curb with a for sale sign in the window.
Some websites will tell you that flipping cars, in and of itself, is illegal. This isn’t true if you follow your state’s rules regarding flipping cars for profit. Many states will allow you to sell a handful of cars per year without a dealer’s license.
Welcome to The Car Flip. Check the videos, podcast, articles and other helpful content to learn how to flip cars for profit. My name's Justin Carper, a part-time car-flipper turned used car dealer. My goal is to teach the art of buying and selling cars for profit to anyone from the beginner to the regular dealer.
For instance, in California you can own up to 5 cars in a year. So if you desire to flip more cars but your state allows only 5 then what you can do is put other cars in your friends’ or spouse’s name. If you are looking to flip cars in bulk like 20 to 30 at a time then you may have to get a dealer’s license.
If you paid $900.00 for the car and put in another $500.00, you can't change the $1400.00 invested. If a "Nice" one advertises for around $3000.00, price yours at $2400.00! If you do it right, it will sell to the first prospective buyer for FULL price.
Finding and buying a car at a great deal: I typically don’t spend more than $4,000 on any car that I purchase to flip, but I’ve purchased a few cars for less than $400. 2. Repairing any cosmetic or mechanical issues and cleaning the car: For some cars, this is just a simple car wash.
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