trade vet

Main dealers begging you to buy their swappers ( good ones ready to retail ) Bungs Trim rings Full shoots for £55 70-100% margins big chucky commission + volume bonus again haircuts carrying a pocket full of readies ( donkey choker ) being standard fair buying something and knowing it would be ‘ downed ‘to passing trade within a day of pricing it up. vat 7.5% and and the time before vat Car dealers with the appearance of Philip Green and wearing camel coats,sheepskins,trilbys,expensive suits with white shirt and tie, constantly smoking Churchill size cigars and often accompanied by their mol buying and selling stuff auction to auction for good profit Autotrader and finance company lavish corporate hospitality Etc etc

I think David’s story is one of the best I have read on here for a while.

You might want to contact Winn Solicitors in Newcastle who are the top no fault accident claim solicitors.They pay the trade introductory commission.They might arrange for a new Merc Van for your Dad to use in the meantime,check them out.

I did not realise it was a cheapie.I have no idea how anybody can now operate a legitimate car sales business selling cheapies because of the scope of CRA 2015.You can thank Jo Swinson the new Lib Dem leader for that,she introduced it. Maybe it could work if you restricted sales to the aged 50 and over non internet generation who have skills like how to open the bonnet and check the oil and water instead of being concerned with connectability or whatever it is called....Rant over.

On your own admission you could tell that the punter did not want the car ! You will learn to steer clear and with CRA you cannot be investing in these punters. I would demand the car back by a recorded message/ letter and collect it now and get your repairer to check it out.If the punter is telling porkies ( which is usual) you can then negotiate a price to buy it back and try and include an NDA for bad reviews.You have to ‘nip it in the bud ‘ ......get used to it !

It definateley works if you do a lot of business.Years ago when cars were not complicated we started throwing in our own cover.We just used to put £60 in a separate account,the surplus soon mounted up.My old pitch still do their own.We followed that by giving punters the option of what we called a Customer Care Pack which included 12 months warranty,some road tax,an MOT,oil and filter,luxury mats which cost £6 and other stuff which cost very little.We charged £300 for that and a lot of the punters would just add it to the chucky agreement.The result was phenomenal.These days with the average cost of MOTs alone,you would have to charge at least double to have the same result.

Autoguard are a very good warranty company.Premium cover from about £150 but it covers all sorts.We have had breakdowns in London that they have quickly solved.They also payout very quickly if you organise work yourself.We had a Renault WAV autobox problem and they organised a local expert repairer to do it quickly,it cost them a grand.The punter was delighted.However if you carry a big stock and do a lot,it makes sense to do your own.

Hi You have started well when the market has been difficult.I would suggest that you stick with what you are doing,don’t get greedy and be prepared for banana skins ahead.Good Luck.

Brownie 125

With prime finance penetration like that you should negotiate for a volume bonus on top.

Of course,everything above board,I am sure everyone agrees that never happens ........

We can all do ‘ over reserve ‘past glories but how much did you bung the auctioneer ?

For all you know Victor it could have been trotted through the reserve and intentionally sent out only to be sold cheaply afterwards.Be nice to the provisional office and you may get a clue.....That sort of thing was rife years ago but it still could happen and I think that could be illegal.

Having gone out of his way to educate us about CRA while providing a recent case example,LawJaw might not appreciate this enquiry. ( too put it mildly).

AIB bank draft,good luck with that,I once had a business account with them before they imploded.They used to make it up as they went along.If anyone would stop a bank draft etc .....Declan sounds like Dougal out of Father Ted,remember him.

Ha Ha Nick,be carefull with the bank draft.When you ring Declan’s bank to verify his bank draft,they will usually say yes they have issued him a draft without confirming the amount.A while ago the scam was to get a small amount by bank draft and then use a forged one on handover....Not many people using bank drafts theses days.

They will deny that of course,it’s never their fault.They will probably be part of the plastic card,digital,got nowt generation that think it is normal to buy things use them and take them back.Have you ever been in the M@S returns dept. and seen what people bring back,shoes badly scuffed and worn down which they have never had on etc.Also the ones returning frocks because they found make up on the collar when I fact they have just wanted them for a night out and bring them back.

I am not sure either.That abandoned shopping trolley to the right of the lunar module was a bit of a giveaway.

Hi Gary Its OK just tell the guys about your business and location,experience etc.You will get plenty of help but getting shot down is part of it.

Nice one Nick.They probably found out it would not tow their caravan.

Someone will come up with Range Anxiety pills,the new legal high for raves and E car owners.Service managers could include them with their service packages.....I am watching the pitch this week,it is still pissing down,DMS down,so no trade and ....plenty of people bringing in rough cars to bid on,great fun not !

These days auctioneers/ managers are generally nice straight people.It used to be the auctioneers you had to keep in with ( know what I mean Harry ) but they now often have vendors reps watching over them,so few quick knocks,their hands are tied.They also must get above Cap Clean for a lot of fleet stuff because that is what they guarantee to a lot of the vendors.Nowadays,I think you may be better off keeping in with the provisional office guys.

You will definateley get the runaround,don’t give up.I see you are a WAV expert,great knowledge to have,huge profits compared to common car dealers.I find that you can never go wrong with a WAV !

Hi KB Warriors Good first post.I agree there are many problems ahead for electric cars.Where is all the lithium for the batteries going to come from.Also the health issues associated with lithium and its disposal.I see charging time is now down to 30 mins at specialist charging stations but I don’t think that is a full charge.The technology is years away for electric cars to be popular but maybe not with hybrids.I tend to agree with Stalker,as diesels become in short supply,they will go up in value and will be in demand especially in rural areas.As for Tesla,they are yet to turn a profit and are burning through billions of dollars.