trade vet

You must be a clever guy....!

And there is more........When the VAT inspector sees a £9k car with a very low margin,you may have a problem and could be assessed.It happened to me on a similar " charity deal ", never again.

You did not have any Mk 1 Cortinas then. !

That is crap............go away ( being polite)

I brought up this topic because having paid out millions yes millions in tax,I happen to think that profiteering with public funds is a serious subject.It turns out there has already been questions in Parliament regarding Motability Operations.However what I did not expect was replies from some imposter masquerading as the Motability spokesperson on this forum.

Guys...trade has been quiet everywhere,what do you expect.As Harold Macmillan said "events my dear boy,events".It could by like this until August.......Sit tight and buy some cheap stock !

We found these type particularly prevalent on Sundays and they tend to keep coming back! We then would just say hallo and ignore them.Do you not find that more punters like these together with serious "Chucky Duffers"come out of the woodwork when trade is quiet......Looks like a straight Punto !

As you GreenGiant are the Motability spokesperson,your reply is not good enough.Please try again.......Thank you

Thank you for your reply Green Giant- could you please explain the following.- 1)Why do Motability retain most of their huge profits,pay corporation tax and only donate a small proportion of income to charity.Should not all of the surplus be donated and there would be no tax to pay. 2)Why do they need to sit on a huge cash pile. 3) As Motability Operations is a can't fail,little risk monopoly,why do the remuneration committee allow the directors to earn £6.7m with the CEO on £1m. 4)As the latest accounts appear to show a dramatic drop in profits,do you think that these expensive directors should resign,which would normally happen in the real world. 5)You say Mobility Operations are passionate about improving the lives of customers.Does that mean they are not only a leasing company dealing in transport for the disabled but they actually help them as well ! 6)There must be 1000s of local charities run by volunteers who should be getting a slice of this huge unused income,can they make an application for funds. We look forward to your reply GreenGiant.

I am focusing on the last sentence from GreenGiant.I am going to go away and cool down.I will reply to this topic later on.

This may get you annoyed.I have just come across the best job in our business.Today,most dealer groups have to jump through hoops to net 1% of T/O.Not Motability Operations,they do £4b and net £250m (@6.5%).So what you have got to do is,get your stock for more than 50% off list,rent it out and get paid by the government,then send it to the block.No showrooms,forecourts,workshops,parts dept,paint shops and not many staff to worry about.The result,£500m on deposit and the CEO pays himself £1m P/A........any comments !

My last post on this topic on 27th May has been removed so I will be more polite.We have banked with RBS NatWest for over 25 years.They were very good for us pre 2008 very efficient with good staff.Since then it appears to have been "open season" for all banks,just search RBS Global Restructuring Group.What I would do now before signing for a loan or overdraft is take the contract away and read the small print with a magnifying glass.I would then get the bank person to write down for you any downside to the agreement which could arise.(However,I have no idea whether they would do that.) I think they are all the same,we have not moved,at least RBS are owned by the taxpayer. .....Good Luck !

This has given me an idea for pensioner type stuff like Focus/Astra/ Kia estates. What about - Price includes guaranteed full price buy back in the event of the customers death by natural causes within 2 years of purchase..........Any comments. !

AMC Prestige Cars

You are right,I have heard of an ex footballer who played for a lot of lower league teams and now is a footballers car broker.I have checked him out and his company net'd over £100k last year ( so with his drawings on top of that etc) he does very well. So Caleb ,if you are an ex footballer and know footballers agents ..........you can do it !

Hi Caleb,we are all doing you a favour.Tell me a motor trade or car sales business you know who is making good money!Excuse me Celeb,but you have not answered my question,I am asking you or anyone else who they know who is making good money in this business.I am quite prepared to divulge my experience.

Hi Caleb,we are all doing you a favour.Tell me a motor trade or car sales business you know who is making good money!

Nice theory-but in reality.....If you are going to borrow stock,you will need,motor trade ins cover,trade plates,credit licences,card machines,finance company agencies,web site. ....that's for starters! You will need to deal with swappers,comebacks and you will need enough money incase you have to unwind deals and do refunds.Most of all you will need knowledge otherwise you will get stitched up ! You would be better off selling The Big Issue.

Hi Rory,yes they have,they are just like us !,just search Amazon Biggest Failures

This is why AT share price was wobbling yesterday.Good luck to Amazon but we have seen Virgin,Tesco and others fail in recent years by doing something similar.

I would like to know how this favour is going to work.I would say,you will need to buy the Merc from Car Giant,then sell it to your friend through your finance company.However,you are then going to need a profit margin otherwise the VAT inspector will suspect something untoward ! Is that what you are doing.

Pensions,we have all seen elderly ex 'flash' car dealers end up in a local authority accommodation--- why,because they have no private pension !

Excellent post- This guy must be getting the picture by now!

From what you say,forget car sales,start a workshop.That is where the money is now.Our local Audi dealer for instance are nowcharging £180 per hour.There are not many small workshops charging less than £40 per hour.Once you get a workshop going ,you could always try and sell the odd car alongside. Small pitches now with 2 or 3 staff with all the overheads can cost over £2000 per week to run.So to pay everyone and earn £25k for yourself you need to turnover at least £1m per year,because the net margins are so small these days.

Hi Sapfo,- one year to learn this difficult business,that is very optimistic.Firstly what do you want to sell,do you want a pitch (sales premises) or just be a doorstepper (sell from home)