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

Start with small projects to reduce risk.

Jason Reed

Having a good mechanic or repair knowledge is very important.

Lukas Weber

You also need to consider resale value and title issues.

Ethan Brooks

Labor and parts costs can quickly reduce your profit.

Marco Ricci

Profit depends on choosing the right cars with minor damage, not major ones.

Samuel Turner

Many beginners lose money because they ignore hidden damage.

Jonas Richter

Yes, but only if you buy the car at a very low price and estimate repair costs correctly.

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