WHAT’S MORE PROFITABLE? // Fixing vs. Flipping Cars?
When it comes to making money in the car industry, there are two popular options: fixing cars and flipping cars. Both can be profitable, but which is the better investment? Let’s take a closer look at the pros and cons of each to determine which one is more profitable.
Fixing Cars:
Fixing cars involves buying vehicles that are in need of repair and then fixing them up to sell for a profit. This can be a lucrative business for those with the necessary skills and knowledge. Here are some of the advantages and disadvantages of fixing cars:
Pros:
– Potential for higher profit margins: By buying a car in need of repair at a lower price and then fixing it up, you can potentially sell it for a higher price and make a larger profit.
– Opportunity to showcase skills: If you have a passion for fixing cars and enjoy the process of restoring them, this can be a fulfilling way to make money.
Cons:
– Time-consuming: Fixing cars can be a time-consuming process, especially if the vehicle requires extensive repairs. This can eat into your profit margins and may not be worth the effort.
– Risk of unexpected issues: Once you start repairing a car, you may uncover additional problems that need to be addressed, which can further impact your bottom line.
Flipping Cars:
Flipping cars involves buying vehicles at a low price and then selling them for a profit without making any significant repairs. This can be a faster way to make money in the car industry, but it also comes with its own set of pros and cons.
Pros:
– Quick turnaround: Flipping cars allows you to buy and sell vehicles relatively quickly, which means you can generate profit in a shorter amount of time compared to fixing cars.
– Minimal investment in repairs: Since you’re not spending money on repairs, your initial investment is lower, and you can potentially make a profit with minimal effort.
Cons:
– Limited profit potential: Without making any significant repairs, the potential for higher profit margins may be limited. This can make flipping cars less lucrative than fixing them up.
– Risk of selling problematic vehicles: Without thoroughly inspecting and repairing cars, there’s a risk of selling vehicles that have hidden issues, which can lead to unhappy customers and negative reviews.
So, which is more profitable: fixing or flipping cars? The answer ultimately depends on your individual skills, resources, and risk tolerance. Fixing cars has the potential for higher profit margins, but it also requires more time, effort, and expertise. Flipping cars may be a quicker way to generate profit, but it comes with its own set of challenges and limitations.
Ultimately, the most profitable option is the one that aligns with your strengths and resources. Whether you choose to fix or flip cars, success in the car industry requires careful consideration, a keen eye for finding valuable vehicles, and a strong understanding of the market. With the right approach, both fixing and flipping cars can be profitable ventures for savvy entrepreneurs.
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11,900 for a G37
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damn lol the car market is insane rn
i bought my 2014 370z with only 18k miles for 18,000 usd
Where’ve you been man?
would you still recommend that portable car garage you reviewed in 2018? I need to invest in one soon
Milan we need you man i know your probably busy or working on stuff but we need your content man i miss the videos coming out more often!!!
I sold the Nismo 2 weeks ago. Q60 red sport on the way
Did you register the cars after you bought them? Don’t know how it works or if it’s different in Canada
Bro where r u !?
Flipping
I used to watch all your videos before. It’s been 5 years or so since I unsubscribed to you, randomly remembered you today and good to see you keeping on going.
For the new mini swap the engine with k24 engine there is kit in production from RPT and it works great
it helps if you back out on paying $1000 after agreeing and receiving the ownership to the car, like you did to me. Glad you totaled the z with no insurance like a clown that would be called Karma
Eww mini coopers..
Just bought a 2010 G37S in an auction June 7th, 2022, for $3200 Canadian, with $1000 in fees for a total of $4200 CAD. No air bags out, no front bumper rebar damage, no headlight damage, no fender damage. Repaired with JB weld and loctite 10 minute adhesive’d the Rad support and the Fan shroud. I sourced a used radiator, hood, hood hinges, hood latch and plastic engine bay guards. All I need now is to find an IPL bumper cover or buy a used plastic one. I don’t want fibreglass and I’m not sure of any aftermarket ones. Then I will PDR some small dents, sand and etching primer some rust, prep for paint again. Because the car and engine bay is white I am going to repaint the whole car white again but with bigger metal flake. I bought to keep it. Yes it has a salvaged title but I think it was a good buy because the damage was up high and no bags were blown/minimal damage. 185,000km it has really bad curb rash but I think I can break the tires down, file, stone, sand and fill them, then paint them and get by for a year. Then get some new wheels next year and some intake/exhaust upgrades.
Awesome video man looking forward to see the next ones also as a mini owner please post more mini stuff
Totally agree. I’ve been flipping cars for two years, and I’ll never strip another one. I have 7 G35’s, and I have a warehouse full of parts. In the end I’m keeping 2, the rest are each dead Gs walking
Is the heater automatic climate control? If yes, I am interested in all of the associated components (fan, sensors/resistors, wiring harness, digital control panel, etc)
Was the g37 fast like your previous 370z
Amazing stuff! Great to see an update on the MINI, and a new one!
Any chance of you selling those underbody panels shown @ 6:00 ? They'd be a nice touch for my project car.
We missed you buddy
R56 ? if yes, you know what to do
Get another Z
What’s the story of the Nissan z I know that you part it out but what happened after that?
Should've kept the G bud. I bought an 08 g37s coupe 6mt RWD with 87kms fully certified for 10k last November. Car market is hot especially for these G's that are not molested lol. I can easily flip it now for at least 18k but I'm not going too cuz I love the way the car looks
Good luck with your business
Nice to see you again
Just have one question was wondering if you have your omvic license to buy and sell cars to flip?
Takes a lot of patience to strip appart a car the way you did it is a lot of work but I’m sure you’ll get lots back for those parts considering it’s a JCW
why the g didnt drive like a Z? the only difference maybe would be 100 or 200lbs more
My fav Z channel needs a Z!!! With how nice your garage is going to be I can drive over and you can work on my 370, lol.
Hey mistmast we missed you, you’re the best and wish you the best
fantastic hes still alive people lol good to see another video bud
Great man! I bet this is also a whole lot of fun and satisfaction.
Wow he’s alive….
Waiting on the 9th gen video.Good vid, money at this time its probably more fixing and flipping.Sellers market, less hassle than stripping.