Question: Can You Make Money Restoring Old Cars?

Can you make a lot of money selling cars?

How Much Does a Car Salesman Make.

For a car salesman or saleswoman, the typical wage is low at about $2,000 per month.

The average salesperson sells about 8 vehicles per month and makes about $3,000 per month.

Top performers sell over 20 vehicles per month and make $12,000 – $15,000 plus per month with bonuses..

What should I flip for profit?

Here is a list of 30 items that tend to be most suitable for flipping for profit.Vintage Picture Frames. … Vintage Electronics. … Vintage Eyewear. … Vintage Jerseys. … Vintage Video Games. … Vintage Board Games. … Vintage Kitchen Appliances. … Vintage Tupperware and Pyrex containers.More items…•

How can I make money with my old car?

8 Ways to Make Money From Your Old Beater CarSell a working used car. Dmitry Kolanovsky / Shutterstock.com. … Offer extras with a working used car. … Don’t go overboard sprucing up your car. … Take extra care if you advertise the car for sale. … Remove and sell easy-to-access parts from junker cars. … Sell the rest for scrap metal. … Sell it to parts pickers. … Flip a junker.

What are the easiest cars to restore?

25 Classic Muscle Cars That Are Easy to RestoreFord Mustang | Ford.1965 Ford Mustang | Ford.1969 Chevrolet Camaro | Chevrolet.1957 Chevrolet Bel Air | General Motors.1964 Pontiac GTO | GM Heritage Center.1971 Chevrolet Chevelle | Chevrolet.1970 Plymouth AAR ‘Cuda | Fiat Chrysler Automobiles.1970 Chevrolet El Camino SS | Chevrolet.More items…•

What is the best car to restore?

10 Best Classic Cars to RestoreThe Buick Riviera (1963-1965) … The Chevrolet Camaro (1967-1969) … The Chevrolet Corvette (1978-1982) … Dodge Charger (1968-1970) … The Fiat Spider (1979-1985) … The Ford Mustang (1964-1966) … The Ford Thunderbird (1961-1966) … The Triumph TR6 (1968-1976) The final contender is the Triumph.More items…•

How can I make money with my car?

Make Money with Your CarCorporate Car Service. You can still offer on-demand transportation service without driving for Uber or Lyft. … Airport Shuttle Service.Car Rental Service. … Medical Transportation Service. … Child Pickup Service. … Equipment Transportation Service.Mobile Advertising Service. … Mobile Detailing Service.More items…•

How difficult is it to restore a car?

For the novice, classic car restoration should be a fun, leisurely process. … Time is an important factor in full restoration projects since it can take around 1,000 hours to fully restore a classic car. You’re going to need a lot of parts which won’t always be easy to find and will cost significant sums of money.

What do you do with an old car that doesn’t run?

The most basic option when selling any car is to place an ad in the paper or online, offering to sell the car for parts. … A second option is to potentially repair the car. … Scrap yards are another option for you to consider. … Donating your car is another idea to think about. … Talk to your local auto dealers.More items…•

Is restoring cars profitable?

Selling classic cars is something that is being practiced by a lot of people as a hobby, past time and as a business. … Even though the cost of restoring a car to a state where it will be aesthetically pleasing may be costly, but if you play you cards right, you should be able to recoup all that investment with a profit.

How much does it cost to restore a rusty car?

Rust repairs can cost as little as $20 and get as high as $2000 or more depending on the extent of the damage and how thoroughly you want to repair it.

What are the best cars to flip for a profit?

Look around and see if you can buy these used cars to flip.1. Japanese Cars. If you’re new to the flipping game, Japanese economy cars are a great place to start. … Classic Cars. Cars from the 1950s and 1960s are the reason so many people turn out for car shows. … Minivans. … Pick-Up Trucks. … SUV. … Pre-War Cars. … Sports Cars.