Flipping cars for profit is definitely one of the most profitable ways to make money outside of flipping houses. The investment is a little higher than what most people are comfortable with but the rewards make it well worth it.
To get started, here's a list of the best items to flip.
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.
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.
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.
Six approaches to consider include:
10 Easiest Items to Flip for Profit (Including Ways to Resell)
Categories of Products You Can Buy Cheap and Sell High
And it can be a profitable venture – if you do it right. While it's rare to come across thrift store finds worth millions, flipping has become a source of income for many people. ... If you're considering reselling thrift store finds, then make sure that you opt for items that are going to sell well and valuable items too.
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