The goal is to find a cheap car with enough potential that the flip will still be profitable. You can find that in cars that have been undervalued or have a highly motivated seller. Those cars and sellers are out there, and they aren’t as difficult to find if you know where to look. It can cost around $1,500 to get fully set up and legalized. That’s a chunk of money when you’re first starting, but it’s an investment in your flipping side hustle if you want to do more of it penalty-free. Taking into account our players’ feedback, we’re making dedicated efforts to bring our game to the mobile platform. The mobile version will include many of the beloved and appreciated features from Steam, along with new features tailored for the mobile gaming experience.
Step 5: Create Advertisements that Sell
By following these tips, you’ll be better prepared to make decisions as you navigate the sales process to a private party. Once you’ve decided to sell your car privately, it’s time to get the word out to the largest audience possible and sell a car online. When putting your car on the market, you’ll want to decide whether to trade it in at a dealership, sell it yourself, or get an instant cash offer. The value of your car will vary depending on which method you use. Each option has pros and cons, such as the speed of sale, costs, and taxes. Read more about online car selling here. CarGurus partners with CarOffer to provide an instant cash offer for your vehicle.
Option 1: Sell Your Car 100% Online
Any of these methods will help protect a seller against fraud. Ask for cash — avoid checks, PayPal, or other online payment methods, and don’t accept financing options. When you’re flipping cars, it’s the same on the buyer and seller end. The benefit of using the instant cash offer or selling your car to a dealer is that these methods can take price haggling out of the equation. When selling your vehicle to a private owner, let the buyer take the lead in negotiations. Ideally, you’ve given yourself some padding on your asking price, so the buyer can either accept the price or counteroffer. Advertising these options helps increase your resale value.
More and more people are using the internet to sell their cars, but don’t overlook some old-school options. People still list cars for sale in the newspaper, and some still put “For Sale” signs in their cars. Another idea is to let your friends and family know what you’re doing and have them pass along leads. You’ll also be able to tap into a much wider network of sellers.
The first step will generate an instant offer for your car based on your VIN and mileage. Stick to online forms of payment, if possible, or escrow services. As a last resort, only accept cashier’s checks from reputable banks or credit unions.