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Hi Mad Mark The bottom line if you have no experience.If you haven’t got 20 grand don’t even bother and if you have ,be prepared to blow most of that in the first 18 months.As for Flipping Cars,he seems a good guy but he only made 3 grand last year so he may not be as good at this job as you think.The guys on here who do well,despite what they say put in huge effort and work very hard and regularly cope with set backs that cost a lot of money.This job is now very complex and you need rhino skin to compete,so good luck.

Almost impossible to obtain that margin, flipping cars is an experienced outfit who has been in the trade for years hardly a newbie. auction houses will eat you up and spit you out before you even know what’s happened your more likely to lose £900 than you are to make it, try buying private allowing you to haggle hard and test drive the car must importantly avoid fees.

Then there is the argument that the 40k miles car is no worst if not better than the 10k one that's been toddled around by the old biddy going to to the shops when my elderly father who doesn't drive now had a car and was doing 2.5 k miles a year it done the car more harm than it did good sitting about ..

I agree, Same here. Just the other day I was trying to buy a couple of 2012 cars, each with around 10k miles. They were so overpriced that I was thinking, I would rather pay a grand+ less and buy with 30-40k miles. Much easier to sell.

For once I agree. Every trader I know who does well works incredibly hard. It has to be almost obsessive and 247. You can't be motivated all the time, no one can. You have to be really disciplined and keep on at it. Also in the current day and age most of the businesses I consider a success and most of the people who seem to do well don't have prior motor trade experience. I sometimes think 'the way it was' is a hindrance more than a help.

As a relative newcomer (140 sold so far) if I had to offer one piece of advice for new starts, it would be to avoid the major auction houses atm - especially at the £1000 range!

From memory most auction houses will want a copy of your trade insurance before allowing you to open a trade account. i May be wrong with that but that’s how it was years ago when I set up my accounts

Correct, and some customers will say there insurance covers other cars, it does'nt, because there will be no insurance on the car that they are test driving, if they don,t insure it "till they get home" after purchase, i tend not to get involved if i can help it other than, if your local, i will deliver it, a common thing amongst many car dealers i reckon this "i will insure it when i get home " ?

Wrong! It will be the driver AND the vehicle owner for allowing that person to drive without insurance.

One of the cheap ones like tradewise or tradex to get started, bollington type broker a bit further down the line. Everyone has to start somewhere.

Try think insurance last time I used them they got me a good price and have helped a few other traders I spoke to when starting out 08002218077 should be there number there also very flexible with motor trade policy types to get you the one most suitable like you I was getting quoted daft money when I first started out years ago and someone recommended them to me hope this helps

It be the driver at the time of being pulled over! So the buyer gets to test drive your car, pulled over, 6 points and your car towed away. Can't see that being a sucessful sales pitch! Oh, and don't forget your Trade plates too - well, you can't have those without proof of insurance, so you've got no road tax either. Phone around and get some other quotes. Do it properly, or not at all. The bear minimum is to be legit on the test drive!

Autotrader base it soley on the same year/model/variant models as advertised on AT

If you are doing 3 or 4 a month then pay for proper insurance then you don't have to worry.