For those looking to make some quick money or start a legitimate business, flipping cars is a great way to make money.
Maximize your earning potential by knowing which cars to buy and sell for a profit.
Shop around and see if you can buy these used cars for flipping.
1. Japanese cars
If you're new to the flipping game, Japanese economy cars are a good place to start. There are tons of these cars on the market and they are relatively cheap.
Cars in the Japanese economy do not have many of the same maintenance problems as their counterparts in the US economy.
Check out these Japanese models:
- Toyota Corolla- It is easy to maintain and has excellent fuel economy. The Corolla consistently receives four and five star ratings fromKelley blue book.
- Toyota Prius- The only reason anyone would get rid of a Prius is because the hybrid battery is dead. Don't worry: the battery is easy to replace.
- Honda Civic- Like the Corolla, it is one of the best-selling cars of all time and is still in high demand.
Keep in mind that if a car is on the list, you will likely need to repair or replace something. Focus on the Japanese economy cars for a high return on your returns.
2. Classic cars
Cars from the 1950s and 1960s are the reason so many people come to car shows. They look good and remind people of times gone by.
You probably won't find anyone willing to sell a classic car in good condition at a discounted price. Your best bet is to find someone who is trying to restore one as a passion project.
Look for these classic cars:
- 1965 Ford Mustang - You'll have no trouble finding a buyer once you're done with the restoration. The parts are relatively easy to find.
- 1969 Two Door Chevy Nova - This is another stylish but popular model.
- 1950s Chevy Bel-Air - This cardefined the 1950sso finding a collector shouldn't be a problem.
Be prepared to pay a little extra and make a small investment to replace the batteries or detail the car.
3. Minibusjes
As long as people continue to have children, there will be a demand for minivans. There are several types of minivans available, so you'll have to do your own research. Find out which minivans have mechanical problems.
Many of the best brands and models come from the Japanese market. Check out these vehicles:
- Honda Odyssey - They are known to have transmission problems, but maintenance is cheap
- Avoid the Big Caravan– The caravan is designed for growing or large families. Smaller families liked the large storage room.
Most minivans on the market have high mileage and require spare parts. Cosmetic work can also be a small investment you need to make.
If you are a novice seller, starting with this will allow you to make quick profits to move on to larger leads.
4. Pick-ups
Location is a big factor when returning pickup trucks. If you're in New York City, Los Angeles, or another city with a high population density, a pickup truck may not be a good buy.
Places with many home improvement contractors, farms, or factories have demand for trucks.
These trucks are great buys:
- Ford Super Duty F-250 – New or used Super Duty trucks are selling fast. They have large beds and a spacious cabin for versatile needs.
- Honda Ridgeline – A light truck with excellent mileage.
- Ford F-150– One of the best-selling trucks of all time. Parts and demand are no problem.
Flipping a truck takes a certain audience, but you can be sure they'll sell quickly.
5. SUV
Sports Utility Vehicles (SUVs) have become increasingly popular over the past thirty years. Combining passenger capabilities with off-road capabilities, the SUV has broad appeal to families, students and professionals.
Look for these SUVs to make money:
- GMC Yukon – It has a long history and a well-known demand. Some owners have noted that their repair costs rarely exceed $500.
- Toyota RAV4– This SUV can be a cash cow for you. The RAV4 is widely available and enjoying popularity. After repair costs, you need to make money quickly.
There are other vehicles likeChevy Traverse; however, the transmission is usually the first thing to be replaced.
If you can get an SUV at an affordable price, you should have no problem flipping it.
6. Pre-war cars
It is rare to find a pre-war vehicle in working condition. Sometimes you only find the chassis or frame. Parts for repairing pre-war cars are also extremely expensive.
Generally, the parts no longer exist or are not considered safe. You may need to install modern components or systems (such as air conditioning).
Any car from the 1940s or earlier is considered pre-war. You need to invest a good amount of money to buy and restore. The payout has huge upside potential.
Look for iconic manufacturers such as Ford, Cadillac, Bentley or Aston Martin. The pre-war frame alone can yield a nice profit.
7. Sports cars
Typically, you want to avoid sports cars when it comes to corners. There are a few that hold their value and you can still make some money if you buy them at the right price.
Here is a list of some sports cars worth checking out:
- Audi TTS – It has good horsepower and a nice design. It may take some time to find the right buyer, but it will still cover your time.
- Chevy Camaro – Few cars are more iconic than the Camarao.
- Chevy Corvette – The Corvette is a mix of luxury and sports car. It is one of the more affordable options used.
- Porsche – Every model will attract offers. It may be harder to find and the margins are smaller, but you will sell it.
Sports cars are a category that new car flippers should avoid until they are more seasoned.
Selection of the best cars to buy and sell at a profit
Research your local market. What do people buy? What do people sell? Find a category or niche that works for you.
The best cars to buy and sell for a profit will vary from place to place.
To start browsing, see how much we paybuy your car.
