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how true

This is it in a nutshell no more needs to be said.

If you're gagged, you're not exercising your right, you have no choice.

Carry handcuffs and a gag - excercise your right to silence and act like you've been kidnapped.... Win-win!

Yes your right! But it'd be the Driver at the wheel who will get the 6 Points and the fine. I'm sure the owner will just get a fine. Unless the owner tells the police he didnt give permission and the driver would get done for TWOC (although it'd be funny to try and tell that to a copper with a straight face when you're sat in the passenger seat )

Sound advice and may I add to it don't give up its hard at the start with you will always get the jack the lads telling you there making a fortune you will at some point buy a wrong it happens to everyone it's how you resolve it that matters good luck

I brought so many cars in late august for peanuts cant get anything at the moment

To Mad Mark ******Heed the above from trade Vet with every word , this is the absolute truth of the motor industry . ***** save up is a good plan before you start . Insurance and trade plates are essential A good idea of the workings of cars is essential too . It can be done as I've made my Son do it the hard way from one car to where he is now . BUT he is a mechanical Genius and was before it all started . You will need to be , a sales man , customer care person , financial advisor , telephone personality , mechanic , valeter , book keeper , warranty genius , very patient at times , be able to work people out as some are horrible nasty bastards , some are normal and some are delightful . It will take an enormous amount of your time up and you have to think of it in a very professional way , its not a job its a life style change There are a lot of additional items you need to keep your self within the regulations and the laws . If you are going to do this job DO IT CORRECTLY . Or not at all .

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!

The problem with aiming for small margins is that you will then only ever get small margins, you'll never have a nice juicy £5K one (I've had less than 5 of those over the years so not there yet sadly). If a dealer clears £250 per car they need to sell 20 cars for each £5K. That's 20 TIMES more chances of something going pop & bang, 20 times more chances of screamers, 20 times more MOTing, 20 times more valeting, 20 times more servicing and repairs and MUCH higher AT or premises or storage bill. One guy can have 20 nice cars, the other guy needs 400! And several times more staff. And less finance penetration as % and a much lesser chance of another high value p/x for retail... Listen, I lived in £2989 land for years (you know I hate XX95 pricing) and I regret it. This comfort that we have with certain price points works against us sometimes :-)