CAR FLIPPING MISTAKES TO NEVER MAKE! FULL PROCESS FLIPPING
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- čas přidán 5. 06. 2024
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I am going to show you the full process on how to flip cars for profit! My flipping cars tips and secrets of sourcing cars that are good deals, negotiations with the seller, repair pricing and budgeting for profit, along with the detailing process I use to fix up these cars prior to listing online for sale.
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Disclaimer:
Due to factors beyond my control, I cannot guarantee against improper use of the information I share in my videos. James Stauffer (Stauffer Garage) assumes no liability for property damage or injury incurred as a result of any of the information contained in this video. Use this information at your own risk. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this video is the sole responsibility of the user and not James Stauffer (Stauffer Garage). #stauffergarage - Auta a dopravní prostředky
22 years flipping and this is funnt to watch and funny to read all this comments, reminds me when i used to do all this mistakes.
Market saturation is a double-edged sword. You have to look at how long a vehicle has been listed to see if it's going to move or not. In my area, a Camry will move but a Malibu will not. There aren't as many Malibus listed as there are Camrys but the ones that are listed have sat for months.
Buy something that someone will want.
Mechanics who know their stuff are now are in a great position to flip cars. Toyotas are excellent, as they are cheap, there is an abundance of parts, they are reliable, and in comparison, are easy for a buyer to maintain. They also have the connections to swap out parts and components. What time is lost on labor can be returned through good relations with the buyer in tune-ups and full services. The background knowledge the mechanic has with the car can be invaluable further down the line. Consider the mechanic being a doctor for your car who has a history in the health of your vehicle.
Detailing is also extremely important. Even with an old model car, if it appears to be in immaculate condition, the driver will tend to take better care of it, and will think twice about even eating in the car.
Could you make a video to dive deeper into the write offs with taxes
Man thts w in tryna really see😂
Great information!!
Glad it was helpful!
Some solid advice! 16 years ago my husband did research on my new vehicle and we settled on a 2008 Toyota FJ Cruiser. Best decision we ever made!
Those have made a comeback in value big time and they last forever!
@@StaufferGarage After 16 years and 330,000 miles on it, it still looks and runs like new!
Great advice with regards to all the car flipping mistakes. I just wanted to add to all other viewers watching that getting the car flipping course 101 is a great investment if you are wanting to learn how to flip cars. Such a great manual and definitely worth the purchase. Thanks for the tips James ✊👊👊
احبك و احب شغلك 🫂🩶
This video👌👏 great job
Thank you so much 😀
I got my eye on a 2008 Porsche Cayenne at a local auction. I asked the auction house owner why it was listed for $3k. It appeared to be in pretty good looking condition. He says there's transmission issues. I looked up a used trans on eBay and found one for $500. Now I have to find out the cost of labor to replace it. NADA Blue Book says a nice specimen could sell for close to $10k. After detailing, PPF (at my own cost) and ceramic, $10k shouldn't be too difficult.
Thank you for the tips! As someone interested in starting this, do you have to put the titles of vehicles into your name after buying? Or just keep the titles and transfer under the previous owners?
I was wondering the same thing. Do you need to register car or can you not?
@@jeremiahmiller4640 from what I gathered, you should register it in your name, but that costs money/time and can only be done a limited # of times depending on the state you live in
So some people will just keep it open and never transfer their name and only their future buyer they sell it too, but that’s illegal, but probably happens often I’m guessing
@@jeremiahmiller4640same here lmk once yall find out too
What’s a easy way to make a spreadsheet
👏🏼👍🏻
Never use a pressure washer or hose in your engine bay.
False. You can use hose no problem
@@robertolaggo9141 you are a fool asking for trouble if you do. Ask Scotty
carfax is such a joke
Hack