One of the most rudimentary principles for making sure you have a smooth transaction is this: be prepared. I know that sounds trite but I simply can’t emphasize the importance of being prepared when you’re buying and selling cars for profit. To sell cars quickly and effectively, I’ve found that…
Let Your Words Do the Work
BEFORE you go to see a vehicle that you’re thinking about buying make sure you ask as many questions of the seller on the phone as possible. Getting answers over the phone rather than in person will help save you a TON of time. Here are a few great questions…
Check Your Checklist
When you’re inspecting a vehicle that’s a potential flip make sure you bring a checklist with all of the items that you need to inspect. If you’re like me relying on your memory for all of the details is just going to cause you to miss something that you’ll wish…
Question, Question, Question
When you are looking at the vehicle, try to ask the seller as many questions as possible. Here a few of my favorite questions to ask: Does it have a clear, in state title? Salvage or rebuilt titles can deter buyers, and you’ll want to make sure that the title…
Fall in Love with Problems
People that enjoy car flipping know that most buyers avoid cars with problems because they just don’t want to deal with the hassle of having repairs done. Lower demand usually equates to lower prices. As a result, great car flippers actively seek out cars with problems. I’ve found that sellers…
Master Your Price Range
Whether you choose to flip cars in the lower priced common car range ($1000-$3000) or higher end specialty car range ($30,000-$300,000) you’ll want to make sure that you become a master of knowing what a good deal and bad deal actually look like. What’s the difference between a $3000 Honda…
Only Trust Yourself
When you’re interested in purchasing a car to flip don’t just assume that the seller’s words are facts. Do your own research no matter what the seller says about the car. That’s not to say that everyone is trying to rip you off because they aren’t. Though you might run…
Look For Junk in the Trunk
This tip is short but sweet: When you’re inspecting a vehicle for purchase always make sure that you open the trunk and look for any empty fluid bottles. Empty fluid bottles might indicated a fluid leak that the seller is attempting to cover up.