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    Thread: Anybody here flip cars for profit?

    1. Member Justin14's Avatar
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      08-03-2012 07:03 PM #1
      So I'm thinking about flipping cars, and hopefully turning a profit.

      Would edmunds be a good guide to go by at the local auto auction? How important are tires to value? I guess I'll need an unlimited carfax subscription. Any tips?

    2. Member sicksappeal's Avatar
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      08-03-2012 07:04 PM #2
      ...You a cop?
      VRSociety #182

      Quote Originally Posted by vwlarry View Post
      The Car Lounge: Abandon common sense all ye who enter here.

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      08-03-2012 07:18 PM #3
      It's not that easy.

      Laws around how many cars you have at once as well.

    4. Member GoHomePossum's Avatar
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      08-03-2012 07:20 PM #4
      I've flipped a couple of cars. Neither tragedy resulted in any sort of "profit", per say.

      Disclaimer: I MAY be doing it wrong.
      I now have an InstaGram: emmettlodge

    5. Member c0r3y.af's Avatar
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      08-03-2012 07:22 PM #5

    6. Senior Member syntrix's Avatar
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      08-03-2012 07:24 PM #6
      As shown, why flip cars?

      Contact DMV and other agencies in state. Ask how many cars you can own and if you are taxed next year on each "registered" one.

      You might be surprised.

      Nobody in their right mind flips cars for profit. We all wrestle bears in 3rd world countries for profit.
      MOEW: ٩(●̮̮̃•̃)۶ Zomg Zombies ٩(-̮̮̃-̃)۶ ٩(-̮̮̃•̃)۶ ٩(×̯×)۶ ¯\(°_o)/¯
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    7. Member Broduski's Avatar
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      08-03-2012 07:24 PM #7
      Quote Originally Posted by Prail11 View Post

      Laws around how many cars you have at once as well.
      Huh? You have laws that restrict how many cars you're allowed to own in Canada?
      Quote Originally Posted by Crimping Is Easy View Post
      People always like to throw around words like "no" and "title" or "illegal" or "feds", but at the end of the day, they're just words.

    8. Member GoHomePossum's Avatar
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      08-03-2012 07:26 PM #8
      Quote Originally Posted by 16v_43v3r View Post
      Huh? You have laws that restrict how many cars you're allowed to own in Canada?
      In Ohio, for example, you're only permitted to purchase or sell a maximum of 5 cars per year.

      I think that's what he means.
      I now have an InstaGram: emmettlodge

    9. Member retro_rocket's Avatar
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      08-03-2012 07:28 PM #9
      Check into your state dealer laws first - primarily to see if there are restrictions on how many cars you can buy/sell in a given year. For example, in PA, you can sell up to either 5 or 6 (can't remember which) vehicles per year as a private individual - any more than that, and you have to have a dealer license.
      This space for rent.

    10. Member Broduski's Avatar
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      08-03-2012 07:31 PM #10
      Quote Originally Posted by emmettlodge View Post
      In Ohio, for example, you're only permitted to purchase or sell a maximum of 5 cars per year.

      I think that's what he means.
      Ahh, I think that might be a federal law too.

      Just keep the titles open, nobody will ever know.
      Quote Originally Posted by Crimping Is Easy View Post
      People always like to throw around words like "no" and "title" or "illegal" or "feds", but at the end of the day, they're just words.

    11. Member Time for a GTI's Avatar
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      08-03-2012 07:31 PM #11
      Quote Originally Posted by c0r3y.af View Post
      ....
      profit

    12. Member c0r3y.af's Avatar
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      08-03-2012 07:40 PM #12
      Quote Originally Posted by Time for a GTI View Post
      ....
      profit

    13. Member Cabby-Blitz's Avatar
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      08-03-2012 07:48 PM #13
      I have parted out cars for money though and its not bad if you can find the right vehicle.


    14. Member Justin14's Avatar
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      08-03-2012 07:59 PM #14
      Ok I know that in my state you cannot sell more than 5 cars in a year without a dealer license. Just wanted to do maybe 2-3 tops.

      Buy low
      Recondition
      ???
      Profit

    15. Senior Member syntrix's Avatar
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      08-03-2012 08:04 PM #15
      Quote Originally Posted by 16v_43v3r View Post
      Huh? You have laws that restrict how many cars you're allowed to own in Canada?
      I'd be concerned about the number of cars you can SELL. Did you google this? LOL
      MOEW: ٩(●̮̮̃•̃)۶ Zomg Zombies ٩(-̮̮̃-̃)۶ ٩(-̮̮̃•̃)۶ ٩(×̯×)۶ ¯\(°_o)/¯
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    16. Senior Member syntrix's Avatar
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      08-03-2012 08:05 PM #16
      Quote Originally Posted by Justin14 View Post
      Ok I know that in my state you cannot sell more than 5 cars in a year without a dealer license. Just wanted to do maybe 2-3 tops.

      Buy low
      Weld frame with $199 Harbor freight mig welder
      Paint
      Recondition
      Buff
      ???
      List on CL with cryptic ad
      ???
      Profit
      ^^^^
      fixed that for ya
      MOEW: ٩(●̮̮̃•̃)۶ Zomg Zombies ٩(-̮̮̃-̃)۶ ٩(-̮̮̃•̃)۶ ٩(×̯×)۶ ¯\(°_o)/¯
      If you have a problem with anything I do here, feel free to call me on my cell to discuss at anytime: (781)452-2079 LEAPRZ

    17. Member Broduski's Avatar
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      08-03-2012 08:06 PM #17
      Quote Originally Posted by syntrix View Post
      I'd be concerned about the number of cars you can SELL. Did you google this? LOL
      It's the way he worded it.
      Quote Originally Posted by Crimping Is Easy View Post
      People always like to throw around words like "no" and "title" or "illegal" or "feds", but at the end of the day, they're just words.

    18. Senior Member syntrix's Avatar
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      08-03-2012 08:07 PM #18
      Quote Originally Posted by 16v_43v3r View Post
      It's the way he worded it.
      eggsacktly. moew
      MOEW: ٩(●̮̮̃•̃)۶ Zomg Zombies ٩(-̮̮̃-̃)۶ ٩(-̮̮̃•̃)۶ ٩(×̯×)۶ ¯\(°_o)/¯
      If you have a problem with anything I do here, feel free to call me on my cell to discuss at anytime: (781)452-2079 LEAPRZ

    19. 08-03-2012 08:07 PM #19
      Quote Originally Posted by emmettlodge View Post
      In Ohio, for example, you're only permitted to purchase or sell a maximum of 5 cars per year.

      I think that's what he means.
      I've heard that's why you don't sign the title over when you buy it.

    20. Member GoHomePossum's Avatar
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      08-03-2012 08:32 PM #20
      Quote Originally Posted by surefooted View Post
      I've heard that's why you don't sign the title over when you buy it.
      You talkin about...illegal private sales?

      I now have an InstaGram: emmettlodge

    21. 08-03-2012 08:42 PM #21
      Quote Originally Posted by emmettlodge View Post
      You talkin about...illegal private sales?


      [IMG]http://cdn.*************.net/instances/400x/21875339.jpg[/IMG]

      BTW, love CableGuy.

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      08-03-2012 08:43 PM #22
      Did it with one car last year and it caused nothing but headaches. Phone calls from the new owners saying the car wasn't what he expected, etc etc.

      Just expect that type of stuff to happen. Oh, and the stroke phone calls. I loved those too.

      Never again.

      AND I sell cars for a living!
      < Dan >

      B5 Audi 1.8t

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    23. Member Gitcha Sum's Avatar
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      08-03-2012 08:43 PM #23
      Nothing is stopping you at the entry level. Buy low, sell high.

      Or part them. But only do that if you enjoy sawzalling up unibodys.
      Quote Originally Posted by Juniper Monkeys View Post
      "Less Forethought, More Welding"

    24. Senior Member syntrix's Avatar
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      08-03-2012 09:13 PM #24
      Quote Originally Posted by ChiTownA34DR View Post
      Did it with one car last year and it caused nothing but headaches. Phone calls from the new owners saying the car wasn't what he expected, etc etc.

      Just expect that type of stuff to happen. Oh, and the stroke phone calls. I loved those too.

      Never again.

      AND I sell cars for a living!
      WOAH!

      Is IL a bitch state, cause here it sale, doc, done.... WTF?
      MOEW: ٩(●̮̮̃•̃)۶ Zomg Zombies ٩(-̮̮̃-̃)۶ ٩(-̮̮̃•̃)۶ ٩(×̯×)۶ ¯\(°_o)/¯
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    25. Member mfbmike's Avatar
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      08-03-2012 09:30 PM #25
      Florida law is 2 cars per year that you can sell without dealer's license.
      Current: 996 911 Turbo, E46 325i, MK7 GTI
      Past: E30 325i, B6 A4, NA Miata, FR-S, MK5 R32, MK1 Rabbit

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