Williams Sons
Participant
1 day, 16 hours ago
7 Replies
Q:
Can I make profit by flipping salvage cars?
I want to start a small business of buying and selling salvage cars.
Is it profitable and what should I keep in mind before starting?
Any tips would be great.
7 Replies
Oliver Grantees
Participant
1 day, 14 hours ago
Jason Reed
Participant
1 day, 14 hours ago
Having a good mechanic or repair knowledge is very important.
Lukas Weber
Participant
1 day, 14 hours ago
You also need to consider resale value and title issues.
Ethan Brooks
Participant
1 day, 14 hours ago
Labor and parts costs can quickly reduce your profit.
Marco Ricci
Participant
1 day, 15 hours ago
Profit depends on choosing the right cars with minor damage, not major ones.
Samuel Turner
Participant
1 day, 15 hours ago
Many beginners lose money because they ignore hidden damage.
Jonas Richter
Participant
1 day, 15 hours ago
Yes, but only if you buy the car at a very low price and estimate repair costs correctly.
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Start with small projects to reduce risk.