Family cars like minivans and SUVs are great to flip for a profit since there is a lot of demand for them. You can typically find a lot of Honda Odysseys and Toyota Siennas for a fair price, although you'll want to stay away from the Odysseys from the early 2000s as they tend to have transmission issues.
That being said, if you don't mind waiting a little longer for the sale, you may find that specialty vehicles can be very profitable, often making more profit per car than common vehicles. Some people flip or restore just a few classic or exotic cars per year, but earn up to $30,000 per vehicle in profit alone.
Look around and see if you can buy these used cars to flip.
The Best Items to Flip for Profit show
In terms of buying a vehicle and turning around and selling it without registering it, this is against the law, but there are exemptions. Reference California Vehicle Code Section 12120 VC and 12121 has exemptions to 12120.
Here are the 15 cars that depreciated the most, counting down to the fastest value-loser.
Six approaches to consider include:
The National Highway Traffic Safety Administration (NHTSA) conducts on-road dynamic rollover tests on most new SUVs, pickups, and minivans. The tests score rollover propensity in part by putting vehicles through a handling maneuver called a fishhook, a quick left-right turn, at increasing speeds from 35 to 50 mph.
Setting Your Car Flipping Budget
When setting the budget for your first car flip, people with experience suggest $1,500 as a starting amount. That gives you enough to buy a decent car at auction with moderate to high miles while leaving room to make about $500 to $800 in profit.
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