You can flip cars without a dealer’s license, but there are limits. In the U.S., most states let you sell three to ten cars per year before requiring a license. In Canada, Ontario allows three sales, while British Columbia allows five. If you go over the limit, you are at risk of fines and penalties.

A Certified Pre-Owned (CPO) car is a used vehicle that passes a strict inspection and reconditioning process. Manufacturers or dealerships certify these cars to meet high-quality standards. CPO cars come with extended warranties, roadside assistance, and other perks. These features make them more reliable than regular used cars.

This business can be highly lucrative but comes with financial and legal risks. The right insurance protects against unexpected losses, liability claims, and legal compliance issues.

Data shows that smart negotiation can save an average of $1,500 per vehicle. Profit margins for car flippers range from 10% to 75%, depending on the vehicle and market conditions. Since used car prices fluctuate by as much as 20% due to conditions and demand. Strong negotiation tactics create significant financial advantages.