The Hidden Costs of Flipping Damaged Cars (Don't Make My Mistake)

I lost money flipping a 2013 Toyota Prius, and I'm sharing the raw truth about what really happens in car flipping projects. Join me as I break down my experience with this challenging flip that taught me valuable lessons about car restoration and the realities of auto resale.

What started as a potential part-out project turned into a full restoration journey. I'll show you my initial assessment, the unexpected challenges I faced, and how my plans changed along the way. From dealing with hidden damage to managing repair costs, this project revealed why car flipping isn't always as profitable as it seems.

Learn about my decision-making process between parting out vs. repairing, the true costs involved, and the unexpected issues that arose during restoration. I share actual numbers, including purchase price, repair costs, and final selling price, giving you an honest look at the financial reality of car flipping.

Despite selling the Prius for $4,900, this project wasn't profitable - but the experience taught me invaluable lessons about assessing accident-damaged vehicles, managing restoration projects, and understanding the hidden costs in car flipping. Whether you're interested in car flipping or just curious about the process, this video offers real insights from my firsthand experience.

Like and subscribe for more honest automotive content where I share both successes and failures in the car business. Your support helps me continue creating authentic content about the realities of working in the automotive industry.

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CHAPTERS:
00:00 - Intro
04:54 - Car Parts Expenses Breakdown
09:38 - Attempting to Sell Car Parts
12:43 - Car Repair Process
15:56 - Selling the Completed Car
16:18 - The Prius Flip Explained
18:10 - Outro