Cons first:
1) You may spend an hour with a punter showing them a car and then they get rejected for finance.
2) 20 more minutes added to the average deal compared to cash buying.
3) Several hours added to SOME deals where you have to propose your customer to several finance companies if they have an iffy credit score or missing documents.
4) Comeback. You can get comebacks from a finance company which is sometimes more difficult to deal with if you are not used to it. Legally though it's easier with a finance company than a private retail buyer.
5) Zuto. Where do I even start.
Now pros:
1) Money. Finance companies provide hefty commissions for our 10-20 minutes of work. So hefty in some cases that some dealers rely mainly on that income and have almost NO margin in the metal.
2) Ease of transactions. You are giving an expensive car to someone that can't save the money to buy it. They are NOT fussy at all, no more huffing and puffing for minor scratch marks etc. Selling a 20K car on finance is much easier than selling a £999 old diesel estate to a cash buyer.
3) Haggling. "What is your best price for cash?" I am sorry sir, we actually prefer buyers on finance because of the commissions. We can sell to you but only at the screen price. I hope you understand.
4) Stocking facility. A finance company that is happy with your volume will give you a very low interest stocking facility. This is sometimes cheaper than using your own money for stock. You can then grow much quicker. You need to know exactly what you are doing though.
5) Comeback. Because acceptance is so important to some finance buyers they don't suffer so much from buyers remorse and are unlikely to come back for full refund.
£275 BIN, ebay requiring clutch, no offers pay upfront (transfer) prior to collection or feck off, no messers, no guarantees, brutal video advert. It'll sell within 3 days
I love the scrappers, easy money.
Weekend beer money
LIKE big style. Thing is, I just use my unit as a lock up, I only go there to meet the billies and do photographing, its got so much more potential but there's no way I could be assed to sit there all day. I do all my real work and videos at t home, that's what sells my cars.
I'm no mechanic, not interested in fixing things in the slightest. I know faults from the 31+ years of paying out on repairs. I don't do the leg work, I make my money in buying the stock, presenting it and selling it my way.
Can you post the clip link ?
I don't mind anyone asking...
Depending on the year / model a clutch would be circa £299 for just the clutch, a clutch and Dual mass flywheel for a cooper S / JCW you're looking at £599
It involves bumper off and subframe out to get the gearbox out so its a pain in the ass job, but once my guy gets going and gets his head down, he can sort it in a few hours. Bit like timing chains, he can rattle ( excuse the pun ) one of those out in around 2 hours now as he's done that many, he can do them in his sleep so he tells me.
I’ve replaced all the lighting in my unit and am just finishing off the floor, it makes a huge difference.
Trying to upload a picture, won’t allow to to, bloody frustrating!