Who Here Flipping Cars?

[Codeine Crazy]

I been around this for a while. Not a dealer but I've peeped game over the years. I used to work at NADE auto auctions as a part time gig when I was in college.

keep it a stack with me.

Is it a waste of time? Or is there room to grow and profit.

 

[Jean Jacket]

keep it a stack with me.

Is it a waste of time? Or is there room to grow and profit.

It's stressful to be honest.

Most of the time you put in a metric ton of work and money to make minimal to negative profit.

Cars are a lot more complex nowadays and require a little more to get them above average.

You can't always predict deeper problems either so it is easy to end up with an immediate paperweight.

Also without a license you can't move volume. Most states allow only a few sales a year or the tax man is gonna be having a cup of coffee with you...on your dime.

 

[Codeine Crazy]

It's stressful to be honest.

Most of the time you put in a metric ton of work and money to make minimal to negative profit.

Cars are a lot more complex nowadays and require a little more to get them above average.

You can't always predict deeper problems either so it is easy to end up with an immediate paperweight.

Also without a license you can't move volume. Most states allow only a few sales a year or the tax man is gonna be having a cup of coffee with you...on your dime.

i appreciate ya insight bro

 

[eastside313]

Why you feel that way?

I was thinking like this....Grab a dealer license. Hit the auction and sell em bytches at book value

cop a car for a rack....do like 300 on repairs...flip it for 3-4 racks

More like 2-3k in repairs

To make money with cars at the auction, the main thing you need is a body shop thats giving you good deals on repairs.

 

[☑︎#VoteDemocrat]

 

[Hiphoplives4eva]

@Mechatronic the main goal is profit. You telling me taht its not room for a 1k profit off each flip?

Of course there is profit. Most car dealers i know make between 2-3 K per deal. Plenty of Nigerians do it. More profit potential if your shipping cars.

Do your research and find you a good mechanic you trust.

I also recommend you focus on a certain type of car. It will enable you to learn quickly how to identify a good car to purchase as well as quickly id issues.

 

[Codeine Crazy]

Of course there is profit. Most car dealers i know make between 2-3 K per deal. Plenty of Nigerians do it. More profit potential if your shipping cars.

Do your research and find you a good mechanic you trust.

I also recommend you focus on a certain type of car. It will enable you to learn quickly how to identify a good car to purchase as well as quickly id issues.

This the type of advice i fukk with

appreciate that.

 

[Hiphoplives4eva]

This the type of advice i fukk with

appreciate that.

Np. Also, if your serious, consider getting a dealer license or buddying up to someone that has one. Its will save you tons of money.

 

[Codeine Crazy]

Np. Also, if your serious, consider getting a dealer license or buddying up to someone that has one. Its will save you tons of money.

yea i wanna do this the right way. I 100% believe in my abilities. Im not on some tryna get rich shyt. Thats unrealistic

i do think that with my marketing skills ill be able to Make a good profit.

im all about learning and networking right now. I understand i might get got in the beginning but thats apart of the game. Ill def research some more on my own tho

 

[boxfullofjoel]

Buy in CL and sell on eBay. Focus on special interest cars and antiques. The real money is made when you buy, you will be shocked the type of deals you can make when you show up with cash and a trailer. My pops does th full time it is less competition than auctions. ( used to have license )

 

[jilla82]

I dont know much...but I worked in a car dealership...
...and also watched a course on flipping cars.

I cant imagine going to an auction and finding much profit.
Dealers go there to shop...and they run the price up because they can charge more when its sitting on a lot.

If youre going to get into this...focus on 1 or 2 particular types of cars (at first).
As you learn that 1 car, move on to another.

You gotta find a car that is super popular on the resale market.
Like a Toyota 4Runner.
Certain years and colors are in high demand.

Subaru is another brand that gets a lot of attention.

You gotta find your niche...so when you see the car(s) youre looking for, you can jump on it.

 

[desjardins]

3 words....
Salvage title + Nigeria
My Bol routinely flips salvage title jags and Audis with ease.

 

[feelosofer]

I think it depends on where you're at, it's not an easy game to get into in NJ.

 

[SchrodingersStrapped!]

I dont know much...but I worked in a car dealership...
...and also watched a course on flipping cars.

I cant imagine going to an auction and finding much profit.
Dealers go there to shop...and they run the price up because they can charge more when its sitting on a lot.

If youre going to get into this...focus on 1 or 2 particular types of cars (at first).
As you learn that 1 car, move on to another.

You gotta find a car that is super popular on the resale market.
Like a Toyota 4Runner.
Certain years and colors are in high demand.

Subaru is another brand that gets a lot of attention.

You gotta find your niche...so when you see the car(s) youre looking for, you can jump on it.

4runners, Golfs and Beemers are priority whips here in SA, plus they get seized a lot so you find them on police auction lots.... My pops had a friend who used to make spare change flipping those ... Granted sometimes he would have to fallback, being as popular as they are the price runs up quick with all the bidders ...

 

[OfTheCross]

This seems straight forward enough in Florida...gonna cost me about 2K up front to get a dealer's license.