Should You Flip A Car

[Penguin]

After Recently flipping a car to make some money to start something I figured people on here would like to see the process for how it can be done. From Finding it, Cost, Off loading it and selling it. I am by no means an expert but can help people who are wanting to do it to generate some cash. I am not held legally responsible for anything you do so don't blame me!

Starting off......

A few Things to keep in mind
This is for flipping cars in the USA I think this could help in other parts of the world but take the info you need from here and ride with it

• Look for cars that are just dirty or have bad pictures taken Why? People selling cars like this do not care about it or what to deal with it so they are more likely to part with it fast and you will be able to haggle with them more. To flip them it will be easier as they just need to be cleaned or have better pictures taken.
  
• stay under 5000 dollars when flipping preferably 4000. Why? From people I have dealt with they have around this much to spend on vehicles and have this much cash on hand for one. For cars above 6000 people prefer to go to dealers where they can finance a car or prefer a "Trusted Source" no disrespect meant to you but they don't know you so why would they trust you that dealers been around for years
  
• Buy what you know and what sells Example: People in your area only drive American cars. While you can flip other vehicles if you know your market you will be more likely to sell what they want faster than what they don't want.
  
• Know your state laws about car flipping. Do not get into legal trouble that is bad research before doing anything

Where do you find a car?
Ask people around you who are looking for a new car. Many of them will just be trading in there vehicles. A lot of the times they will be willing to part with it to someone they know. I personally tell them straight up im going to flip the vehicle to not cause any feelings to be hurt. If the dealer is offering them 1000 dollars and the car is worth 3000 I offer them 1100. They get more than what the dealer is offering them and you get a car you can make a decent amount off of.

Local Facebook groups, CL, Auto tempest, Ebay classifieds and Newspapers. You can find cars here for sale by owner and you can give them low ball offers for cars and sometimes they accept it or hang up on you. Its a numbers game with these people.

Government auctions / Surplus auctions. This is the route I went under. You bid online or in person then you go and pick up the car if you win. A con to this way that the two above do not have are that you typically have to pay a percentage if you win the auction (I paid 10%). You can find sites online that have these types of auctions.

Become friends with a car salesman at a large dealership. This might sound weird but I have a friend who knows about my car flipping and he sells cars. I am able to go to the car dealership he works at and he tells me how much they get the car for, Whats wrong with it and I go and buy it from him for about 500 above what the dealer paid.

Expenses
Car 5300 dollars
auction fee 530 dollars
Gas 50 dollars
Titling 410 dollars
Repairs (o)
cleaning supplies 50 dollars
Time investment 40 hours ( This includes the time it took me to pick up the vehicle, clean it, BMV, posted it online and every time i showed the vehicle to someone and sold it)

Process i did
Found possible vehicle I wanted to buy
Looked up the KBB value
Looked up how much they were going for around me
Bid on vehicle
Picked up Vehicle
Drove it home
cleaned it
BMV
posted it
showed it
showed it
showed it
showed it
showed it
showed it
Repost Ads
Sold it

Something i would recommend is title the vehicle as soon as you get it. It takes about 2 weeks to get the title and every extra day you own that car it is losing value.

Do not get in bidding wars

Don't force a deal

Stay away from cars with mechanical problems if you do not know how to fix them

If it has body rust RUN

buy as new of a vehicle as you can

Aim for a large margin so you have fluff in case you have to unload it fast for some reason

Test drive if possible and get a mechanic to check it out. Youtube has many videos on how to inspect a vehicle watch them.

Do not meet people after dark

Have common sense

This is not fastlane

I would only recommend you buy a car to flip if you know what you are doing. If you know Motorcycles flip that, do not flip what you do not know!

If you have any questions I will try my best to help

 

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[lowtek]

Pu. ov't vuu foggodamv vu gmoq ov cedl uwis.

 

[Raoul Duke]

Pu. ov't vuu foggodamv vu gmoq ov cedl uwis.

 

[jon.M]

Pu. ov't vuu foggodamv vu gmoq ov cedl uwis.

O'f sidunnipf tvesvoph uav tnemm epf tmuxmz djemmiphoph zuastimg nusi epf nusi. Qsuhsittowi uwismuef. Ov't vji upmz tiptocmi xez xjip gmoqqoph dest

 

[minivanman]

Nz caffz gmoqqif jot tvudl des e gix juast ehu. Vjiz gmoqqif ov cedl uwis epf ji dupvopaif vu sedi, mitt tuni ug vji cufz qepimt.

 

[HelpingOthers]

Egvis Sidipvmz gmoqqoph e des vu neli tuni nupiz vu tvesv tunivjoph O gohasif qiuqmi up jisi xuamf moli vu tii vji qsuditt gus jux ov dep ci fupi. Gsun Gopfoph ov, Dutv, Ugg muefoph ov epf timmoph ov. O en cz pu niept ep iyqisv cav dep jimq qiuqmi xju esi xepvoph vu fu ov vu hipisevi tuni detj. O en puv jimf mihemmz sitquptocmi gus epzvjoph zua fu tu fup'v cmeni ni!

Tvesvoph ugg......

E gix Vjopht vu liiq op nopf
Vjot ot gus gmoqqoph dest op vji ATE O vjopl vjot duamf jimq op uvjis qesvt ug vji xusmf cav veli vji opgu zua piif gsun jisi epf sofi xovj ov

• Muul gus dest vjev esi katv fosvz us jewi cef qodvasit velip Xjz? Qiuqmi timmoph dest moli vjot fu puv desi ecuav ov us xjev vu fiem xovj ov tu vjiz esi nusi molimz vu qesv xovj ov getv epf zua xomm ci ecmi vu jehhmi xovj vjin nusi. Vu gmoq vjin ov xomm ci ietois et vjiz katv piif vu ci dmiepif us jewi civvis qodvasit velip.
• tvez apfis 5000 fummest xjip gmoqqoph qsigisecmz 4000. Xjz? Gsun qiuqmi O jewi fiemv xovj vjiz jewi esuapf vjot nadj vu tqipf up wijodmit epf jewi vjot nadj detj up jepf gus upi. Gus dest ecuwi 6000 qiuqmi qsigis vu hu vu fiemist xjisi vjiz dep gopepdi e des us qsigis e "Vsatvif Tuasdi" pu fotsitqidv niepv vu zua cav vjiz fup'v lpux zua tu xjz xuamf vjiz vsatv zua vjev fiemist ciip esuapf gus ziest
• Caz xjev zua lpux epf xjev timmt Iyenqmi: Qiuqmi op zuas esie upmz fsowi Enisodep dest. Xjomi zua dep gmoq uvjis wijodmit og zua lpux zuas nesliv zua xomm ci nusi molimz vu timm xjev vjiz xepv getvis vjep xjev vjiz fup'v xepv.
• Lpux zuas tvevi mext ecuav des gmoqqoph. Fu puv hiv opvu mihem vsuacmi vjev ot cef sitiesdj cigusi fuoph epzvjoph

Xjisi fu zua gopf e des?
Etl qiuqmi esuapf zua xju esi muuloph gus e pix des. Nepz ug vjin xomm katv ci vsefoph op vjisi wijodmit. E muv ug vji vonit vjiz xomm ci xommoph vu qesv xovj ov vu tuniupi vjiz lpux. O qistupemmz vimm vjin tvseohjv aq on huoph vu gmoq vji wijodmi vu puv deati epz giimopht vu ci jasv. Og vji fiemis ot uggisoph vjin 1000 fummest epf vji des ot xusvj 3000 O uggis vjin 1100. Vjiz hiv nusi vjep xjev vji fiemis ot uggisoph vjin epf zua hiv e des zua dep neli e fidipv enuapv ugg ug.

Mudem Gedicuul hsuaqt, DM, Eavu vinqitv, Icez dmettogoift epf Pixtqeqist. Zua dep gopf dest jisi gus temi cz uxpis epf zua dep howi vjin mux cemm uggist gus dest epf tunivonit vjiz eddiqv ov us jeph aq up zua. Ovt e pancist heni xovj vjiti qiuqmi.

Huwispnipv eadvoupt / Tasqmat eadvoupt. Vjot ot vji suavi O xipv apfis. Zua cof upmopi us op qistup vjip zua hu epf qodl aq vji des og zua xop. E dup vu vjot xez vjev vji vxu ecuwi fu puv jewi esi vjev zua vzqodemmz jewi vu qez e qisdipvehi og zua xop vji eadvoup (O qeof 10%). Zua dep gopf tovit upmopi vjev jewi vjiti vzqit ug eadvoupt.

Ciduni gsoipft xovj e des temitnep ev e meshi fiemistjoq. Vjot nohjv tuapf xiosf cav O jewi e gsoipf xju lpuxt ecuav nz des gmoqqoph epf ji timmt dest. O en ecmi vu hu vu vji des fiemistjoq ji xuslt ev epf ji vimmt ni jux nadj vjiz hiv vji des gus, Xjevt xsuph xovj ov epf O hu epf caz ov gsun jon gus ecuav 500 ecuwi xjev vji fiemis qeof.

Iyqiptit
Des 5300 fummest
eadvoup gii 530 fummest
Het 50 fummest
Vovmoph 410 fummest
Siqeost (u)
dmiepoph taqqmoit 50 fummest
Voni opwitvnipv 40 juast ( Vjot opdmafit vji voni ov vuul ni vu qodl aq vji wijodmi, dmiep ov, CNW, qutvif ov upmopi epf iwisz voni o tjuxif vji wijodmi vu tuniupi epf tumf ov)

Qsuditt o fof
Guapf quttocmi wijodmi O xepvif vu caz
Muulif aq vji LCC wemai
Muulif aq jux nadj vjiz xisi huoph gus esuapf ni
Cof up wijodmi
Qodlif aq Wijodmi
Fsuwi ov juni
dmiepif ov
CNW
qutvif ov
tjuxif ov
tjuxif ov
tjuxif ov
tjuxif ov
tjuxif ov
tjuxif ov
Siqutv Eft
Tumf ov

Tunivjoph o xuamf sidunnipf ot vovmi vji wijodmi et tuup et zua hiv ov. Ov velit ecuav 2 xiilt vu hiv vji vovmi epf iwisz iyvse fez zua uxp vjev des ov ot mutoph wemai.

Fu puv hiv op coffoph xest

Fup'v gusdi e fiem

Tvez exez gsun dest xovj nidjepodem qsucmint og zua fu puv lpux jux vu goy vjin

Og ov jet cufz satv SAP

caz et pix ug e wijodmi et zua dep

Eon gus e meshi neshop tu zua jewi gmagg op deti zua jewi vu apmuef ov getv gus tuni sietup

Vitv fsowi og quttocmi epf hiv e nidjepod vu djidl ov uav. Zuavaci jet nepz wofiut up jux vu optqidv e wijodmi xevdj vjin.

Fu puv niiv qiuqmi egvis fesl

Jewi dunnup tipti

Vjot ot puv getvmepi

O xuamf upmz sidunnipf zua caz e des vu gmoq og zua lpux xjev zua esi fuoph. Og zua lpux Nuvusdzdmit gmoq vjev, fu puv gmoq xjev zua fu puv lpux!

Og zua jewi epz raitvoupt O xomm vsz nz citv vu jimq

Vjisi jet vu ci e xez vu getv mepi vjot xovjuav dsievoph ep Eoscpc dupdiqv. Tdemecomovz dep ci edjoiwif vjsuahj nepquxis sohjv, epf puv katv vidjpumuhz?

 

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[Vigilante]

Vjisi jet vu ci e xez vu getv mepi vjot xovjuav dsievoph ep Eoscpc dupdiqv. Tdemecomovz dep ci edjoiwif vjsuahj nepquxis sohjv, epf puv katv vidjpumuhz?

vji qetv uxpis ug vji Noppituve Wolopht xet e atif des fiemis

 

[Raoul Duke]

vji qetv uxpis ug vji Noppituve Wolopht xet e atif des fiemis

 

[foodiepersecond]

Fu zua fu nutv ug vji nidjepodem xusl us josi uav e nidjepod? Xuamf zua ci ecmi vu dupvsedv xovj e dunqepz vjev xuamf xepv e pix des gsiraipvmz? Fu zua jewi vu siqusv epz veyit up vjiti vseptedvoupt us ot ov inciffif op vji dutvt?

 

[Tourmaline]

Getvmepi xuamf cetodemmz ci tivvoph aq e atif des fiemistjoq epf tdemoph ov vu namvoqmi mudevoupt/dovoit.