How To Flip Vehicles | FULL PROCESS [12]
In relation to flipping vehicles, there’s much more to it than simply shopping for a automobile and promoting it for a revenue. It takes time, effort, and a eager eye for locating the appropriate offers. On this article, I will take you thru my whole strategy of flipping a uncared for truck and turning it into 1000’s of {dollars} of revenue.
Discovering the Proper Deal
All of it begins with discovering the appropriate deal. I used to be scrolling by way of autotempest.com one night time once I got here throughout a 2001 Chevy S10 with solely 100,000 miles on it for $3,500. The images weren’t one of the best, however from what I might see, the truck was in respectable situation. The paint regarded good, the tires had some life left in them, and the inside gave the impression to be in fairly good condition. Nonetheless, there was an odd discoloration on the floorboard that I would want to take a look at in individual.
Assessing the Worth
The vendor claimed that the truck was $3,500 below market worth, so I made a decision to perform a little research. I checked the Kelly Blue Ebook worth, which got here again at about $3,700 for a truck in good situation. I additionally checked out what comparable automobiles had been promoting for in my space on Fb Market. With low miles, I estimated that I might promote the truck for round $5,000 if I might get it in actually good condition.
Negotiating the Value
I messaged the vendor to see if there was any wiggle room on the worth. Since they’d listed the truck as “want gone,” I knew they had been motivated to promote. We agreed on a time to satisfy, and I got down to examine the truck in individual.
Inspecting the Car
Inspecting a used automobile earlier than shopping for it’s essential to keep away from getting ripped off. I’ve a complete video sequence on how I personally examine each used automobile earlier than shopping for it. I additionally use an OBD reader to test for any potential points with the automobile.
Figuring out the Promoting Value
Essentially the most generally requested query I get is how a lot a possible automobile flip is value. I at all times take a look at the Kelly Blue Ebook worth as a tough estimate, however I additionally test Fb Market and autotempest.com to get a greater thought of the market in my space.
Utilizing autotempest.com
Autotempest.com has been a game-changer for me in the case of discovering one of the best offers on automobiles. They lately launched a brand new app that permits me to rapidly seek for any make or mannequin and get outcomes from all main automobile itemizing websites.
Closing Ideas
Flipping vehicles is a course of that requires persistence, analysis, and eye for worth. By following my course of, you’ll be able to discover ways to discover worthwhile automobiles at low costs, repair them up, and flip them for a complete lot of cash on the again finish. It is a rewarding enterprise should you’re prepared to place within the effort and time. So, should you’re seeking to get into automobile flipping, remember to subscribe to my channel for extra suggestions and tips. Joyful flipping!
