Best Used Cars to Flip For Cash

The key to successful profitable car flipping seems straightforward: “buy cheap, sell high.” But if you’ve ever tried it, you know it’s not as easy as it sounds. While you might stumble upon a great deal and negotiate a win-win price, understanding market trends and knowing which car models are in demand is crucial.

Car flipping means getting a good deal on a car, buying it, and selling it for a higher price, possibly after making some repairs.

Although a car priced under $1,000 on platforms like Craigslist or Facebook Marketplace may seem like a steal, not all cars are equally easy to resell. You might have better luck with a slightly more expensive car that’s still a good deal and highly sought after by buyers.

The Best profitable car flips often involve supercars and classic cars. Supercars like Porsche, Ferrari, Lamborghini, and Mercedes, especially limited-edition models, can be sold for a significant profit. Classic cars, such as iconic Ford Mustangs, Chevrolet Camaros, or Bel Air models, can also be lucrative. Based on their historical performance, any of these cars can be a smart choice.

Successful car flippers need to understand their local used car market, where to find undervalued cars for sale, and how to legally and efficiently acquire them. They should also know the rules regarding how long a car can be kept without registration and when frequent sellers might need dealer licenses. Below, we’ve listed some of the best cars to flip, regardless of their initial price. Some are affordable to buy and fix up, while others may require a larger upfront investment. However, all of them are desirable to buyers and likely to lead to profitable flips.

 

What is car flipping?

Car flipping profit is like real estate flipping, but it involves purchasing a used car at a low cost with the clear goal of reselling it at a higher price. Typically, both the buying and selling parts of this process happen privately, not through a dealership.

Flipping cars is a legal activity, although many states have rules regarding how many used cars you can flip or sell   in a year without needing to get a car dealership license.

Japanese Cars

If you’re considering getting into the car flipping business but don’t know where to start for profitable car flipping, Japanese cars like Honda and Toyota make excellent choices, as suggested by First Quarter Finance. These vehicles have a solid reputation for reliability and a strong market demand, making them prime candidates for profitable flipping.

Honda Civic and Accord:

The Honda Civic and Accord have consistently held their value and are among the 15 best-selling cars of all time. This means you won’t have trouble finding them, and there’s a continued high demand. You can often locate older, well-maintained models at reasonable prices, typically ranging from $1,000 to $2,000. What’s more, these cars benefit from cost-effective, readily available OEM parts, making repairs and refurbishment relatively straightforward. With some TLC, you can easily make your Honda Civic or Accord stand out in the sell my Junk car market.Buying Price: $21,000

Selling Price: $25,500

Profit: $4,500

Toyota Camry and Corolla:

 

Toyota’s Camry and Corolla are other strong contenders for car flipping. Most model years of these cars receive favorable ratings, earning between four and five stars on Kelley Blue Book’s Expert Rating scale. The Toyota Corolla, in particular, is one of the best-selling cars of all time, thanks to its fuel efficiency and affordable maintenance. These cars offer a combination of reliability and resale value that can work in your favor.

Toyota Prius:

For those who want to dip their toes into the hybrid market, the Toyota Prius is an intriguing option. Some sellers list Prius vehicles with depleted hybrid batteries. However, if you come across one of these and have a bit of DIY spirit, you can replace the battery yourself with an aftermarket rebuild kit. This can be a much more cost-effective solution than getting a replacement battery from the manufacturer.

 

Classic Cars to Flip for a Profit

Some people who like working on cars as a hobby have old classic “project” cars that they never finished. These cars might be sitting in storage, waiting to be sold. Some of them just need a new battery, some tires, or a good cleaning to run again, while others need a lot of fixing up. There are also some classic cars that have active collector communities.

Selling these old cars can be a bit tricky because there aren’t as many used car buyers for them compared to newer models. You might also have to think about the cost and effort of finding parts for these older cars.

People often love cars from the 1950s and 1960s. They have a classic look that reminds us of a different time.

If you’re hoping to buy a classic car that’s in great condition at a low price, you might not have much luck. Your best chance is to find someone who’s passionate about restoring one of these cars as a hobby.

1965 Corvette Big Block:

 

This Corvette can often be sold for twice what you put into it, thanks to its history in races. Many Corvettes can be valuable, so keep that in mind when you’re thinking about buying one. The 1965 Flared Fender Corvette is another good option for flipping.

Chevrolet Impala:

Chevrolet Impalas have been popular for a long time. The 1965 model was especially well-liked, and you can flip one of these cars quite easily. Another model that’s gained popularity recently is the 1967 Impala. It’s not just a hit with car enthusiasts but also sought after as a classic car because it’s featured in the TV show “Supernatural,” where the main characters drive a 1967 Chevrolet Impala.

1931 Ford Model AA:

If you come across an old Ford for sale at a reasonable price, grab it. You can resell it for a good amount of money, even if you need to do some work on it. These older models are somewhat rare, and even if you find one at a low price, be prepared to invest some effort into fixing it up.

Family Cars: The Reliable Choices

Family cars, especially minivans and SUVs, are always in high demand because they are known for being dependable, reasonably priced, and practical, making them great choices for flipping.

Two standout models in this category are the Honda Odyssey and Toyota Sienna. However, a word of caution: it’s best to avoid early 2000s Honda Odysseys because they have a reputation for transmission issues.

Just like when flipping economy cars, you’ll want to look for vans or SUVs that are reliable, have low mileage, and don’t have significant mechanical problems. For instance, certain model years of the Honda Odyssey are known to have serious transmission problems, which can deter potential buyers.

 

Here are some family cars and SUVs to consider for flipping:

 

Honda Odyssey:

The Honda Odyssey is a popular choice among families for its spacious interior and reliability. However, it’s crucial to be aware of potential transmission problems in certain early 2000s models. To maximize profits when flipping, look for well-maintained, newer models with low mileage.

Toyota Sienna:

oyota Sienna is another excellent option for flipping. It is known for its durability and practicality. Look for models in good condition with a history of regular maintenance to ensure a successful flip.

Audi TTS:

The Audi TTS is a sportier option in the family car category, offering a blend of performance and practicality. Keep in mind that luxury vehicles may have higher repair and maintenance costs, so a thorough inspection is essential before flipping

Citroen C1:

The Citroen C1 is a compact and affordable choice. It’s popular in Europe for its compact size and fuel efficiency. Look for well-maintained models with low mileage to attract potential buyers.

GMC Yukon:

The GMC Yukon is a larger SUV known for its space and towing capacity. This vehicle appeals to buyers needing more room and power. Look for models with good maintenance records and minimal wear and tear for a successful flip.

When considering these options, it’s essential to research each model’s specific years and common issues to make informed decisions for your car flipping venture.