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To be honest there’s no reason finance couldn’t be implemented into the procees if Simon wished. Still take the £100 deposit, process the application (20 mins extra work but worth it for the commission). If they pass great they collect like normal, e-sign the docs and you are paid via bank transfer as you request.

What some traders find hard to understand is I don’t want to operate mainstream. I don’t want to be a forecourt. I want to sell all my cars remotely by video on the net. I just want to deal with customers who appreciate exactly where I’m coming from and have specifically chosen to buy from me. Simple.

Chucky......I know quite a bit about offering and earning from it.To make it work,it has to be the prime variety.The hard bit is finding out what you need to sell and how to market it in order to attract the business. In my experience the best finance companies ( not brokers) will pay differing rates of commission based on a criteria dependent on your volume of business,proposal rejection rate,no of cases that go legal and the cost of managing your account ( amount of hassle or merchandise complaints).If you can score well over a period of time,you may then be offered a volume bonus deal which can be worth a extra several hundred pounds per week and get higher with the more business you do. Interestingly if you look at the financial results of quite a few car supermarkets often their income from finance exceeds their net profits.

Not anymore, it sold straight away

First Response will now actually consider diesel vehicles up to 160,000 https://www.firstresponsefinance.co.uk/finance/car-finance/

Most lenders I use have the 100000 mile (at the start of the agreement) rule, Close Brothers and Blue 120K. Close will look at up to 130K miles depending on the deal and my rep tells me to call him directly on anything over 130K especially if "modern classic". First Response are on this forum, maybe they can pitch in here with their requirements.

Simon's model is brilliant (and rather brave) in that he selects very high mileage high spec models in nice condition that some buyers simply CAN NOT find elsewhere at that price point. That's why they are motivated to reserve with a deposit without test drive rather than "take the business elsewhere". I don't know of a finance company that will finance a used car beyond 120K miles (130 at a push) at the point of sale and majority of lenders will not consider anything over 100K miles. What I loved most about this post was the big grin at the end :-)

Which is fair enough and he is not the only dealer operating within that school thought - though personally we’ve never had any issue at all within the 7 years we’ve offered finance. One mutually agree DEKRA report in that time on a Mini that found one minor fault (nothing like the customers claim as we and Close brothers suspected...)

Having spoken with Simon a few times I believe the reason he doesn’t accept finance is he doesn’t like the idea of finance companies becoming involved in post sales affairs, I.e. rejecting the car/fighting on behalf of the billy.

You're so unique

LIKE

My Motors.co.uk deal is £96 per month for up to 20 vehicles. This is the only platform that fits the £10 per car math. £5 per car even. But I still spend almost £1700 across all platforms.

Depends on the type of motor but most backstreet painters do your run of the mill wheel @ £25 ea... can't see the point in distracting yourself from buying & selling for that money.

I’m seriously losing the will to live....

what you gonna do if they drop it? unless you are sending it on a pallett then 40 miles it would be thrown in the back of my car and delivered ,even if i had to set off at 5.30 in the morning if yous in the smoke