Flipping Cars?

CelicaLover · 02-12-07, 07:32

I wasn't really sure where to put this but if someone wants to move it feel free.

Has anyone ever been in the business of flipping cars? You know buying it low and cleaning it up and then selling it for extra money on the return with little invested in it but your time for a really good cleaning?

Do you find it is profitable?

If you have done it what are some of the things to look for in selecting a vehicle to flip.

Thanks in advance all,

Celicalover

David Fermani · 02-12-07, 08:25

I do it all the time. I try to find the cheapest, dirtiest car in the year category and buy it as cheap as possible. Then, I recondition it and sell it for $1000 more. Don't get greedy and try to get top dollar. Just make a quick profit. Look for foreign cars and mini vans. They move the quickest. You stick to the north and I'll stay to the south.

lawrencea · 02-12-07, 08:31

I know a few guys that made some good money flipping cars. The secret is to clean the hell out of the cars.

themightytimmah · 02-12-07, 09:19

My friend's dad does it - he sold over 300 of em last year. A good extractor and some level of rotary ability is a must.

David Fermani · 02-12-07, 09:27

Quote:

Originally Posted by themightytimmah

My friend's dad does it - he sold over 300 of em last year. A good extractor and some level of rotary ability is a must.

Alot of the rats I buy require a pressure washer to clean the complete interior instead of an extractor.

sneek · 02-12-07, 10:07

bump for an awesome topic

I never really got how you would clean the interior with a pressure washer

David Fermani · 02-12-07, 10:11

Quote:

Originally Posted by sneek

I never really got how you would clean the interior with a pressure washer

Very carefully.

You should remove the seats when power washing them. When I do carpets, I do 1 section at a time. Right after you hit it with the pressure, vacuume it. It's kinda like a extractor on steroids.

sneek · 02-12-07, 10:16

but how does it dry in time.

:P imagine pressure washing without taking out seats

David Fermani · 02-12-07, 10:33

Quote:

Originally Posted by sneek

but how does it dry in time.

In time for what? I usually takes a better part of a day to dry completely.

hooked · 02-13-07, 10:13

Where do you go to buy these "rats?" Auto Auctions or private sellers?

Danase · 02-13-07, 11:00

One thing to remember is that you might need to buy a dealers license if you sell too many of them in a year. I know Michigan requires it but they wills end you a letter and let you know.

David Fermani · 02-13-07, 04:11

Quote:

Originally Posted by hooked

Where do you go to buy these "rats?" Auto Auctions or private sellers?

Used Cars, New Cars, Buy a Car, Sell Your Car - AutoTrader.com & the side of the road private sellers. If you have an "in" at a dealership, it usually is a gold mine.