Buying and selling cars (often called ) can be a lucrative side hustle or a full-time career, but it carries risks.
Look at Facebook Marketplace , Craigslist , or public auctions . The goal is to find a motivated seller or a car with minor cosmetic issues you can fix easily.
Selling cars as a private citizen when you are actually operating as a business is illegal in many areas.
Experienced flippers typically aim for a profit of $1,500 to $3,000 per vehicle.
Ensure you understand who is responsible for paying sales tax to avoid legal headaches during the title transfer.
Whether flipping cars is a depends on your mechanical knowledge , market savvy , and local regulations . 1. The Reality of the Business
List the car slightly above your "walk-away" price to allow room for negotiation . Take high-quality photos in good lighting. 4. Legal Considerations Before you start, check your local DMV website for: