trade vet
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Everything posted by trade vet
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Advertising very cheap cars, sub £1500
trade vet replied to Nick M.K.'s topic in General Dealer Chat
I have to tell you James,it is not a good idea to tell a local government Trading Standards Officer that they are wrong.- 62 replies
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- cheapies
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+ their bullshit and arse covering which I find worse.
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What about the old Mini that Jason Bourne got a lift in across Europe in midwinter.Never owned a Mini as good as that but I am sure the soundtrack ‘Extreme Ways’ had something to do with it.
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Advertising very cheap cars, sub £1500
trade vet replied to Nick M.K.'s topic in General Dealer Chat
Your not kidding.Cheapies are easy to sell,but the potential liability for legitimate dealers is far reaching.Product liability,road safety issues,contributory negligence claims apart from CRA stuff.Then of course a kean VAT inspector might take an interest in the p/x’s and then the names and addresses on their sales invoices which could turn out to be fictitious.Bingo !,they will just make a large assessment and you will have to prove otherwise.......However if you are on benefits and live in council accomodation and have zero assets,no vat,then selling cheapies probably works.- 62 replies
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Wow,you actually drove them !
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Nobody said they liked them ! It was about supply and demand.
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£750 + vat ,that needs to go on Twitter or whatever.
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More like door steppers door stepper ! I thought It was James telling Rory !
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I don’t think my dream car would qualify,62 to 64 Reliant Regal 3 wheeler.If you were lucky enough to get one of them in the late 60’s and advertised it in the evening local rag,punters would queue during the night to view the next morning.Because they only manufactured a handful each week,the used ones actually increased in value.I was 16 at the time and the first one in the queue always bought and asked for delivery.You only heard from the punter again when they asked a few months later if you would buy it back because they could not drive it.We just gave them back virtually what they paid and put the price up..........all unbelievable (and uninteresting) to most of you guys.
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Advice needed: driving without insurance
trade vet replied to Froo1975's topic in General Dealer Chat
If it was a proper courtesy car, I think the customer would be automatically insured through the dealers trade policy.If the dealer just lent out a car,then they probably had a duty of care to check that their customer had third party cover to drive another vehicle.Long ago to get round any potential problems,I used to issue the customer with a purchase invoice for the loan car, then when they returned it,I would bin the invoice. -
Thank you Mark.However,we do have an email from AT saying we do not have to do anything.We just have to remember to load up the extra stock.
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5+2 deal £450 +vat,about £2 per car per day......Sign up now and they should give you a 10+4 deal for Dec and Jan for the same money.
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Bad move,you need to take proper advice.
- 17 replies
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Of Course a Connoisseur,That is what I meant. £1390 ?,I think you might need to invest in a ‘future classic’ car mag.
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Advertising very cheap cars, sub £1500
trade vet replied to Nick M.K.'s topic in General Dealer Chat
Never had one back yet ? Well good luck to you AA.As you appear to be a ltd co.you just need one of these scrappers to be in a bad accident and you could be looking at both a corporate manslaughter charge and getting wiped out financially. Sorry to be the bearer of bad news.- 62 replies
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Loads of perks with a ltd company,I am not sure about that.Company car tax and benefits rules are a good example.
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If the Rover is an Ambassador and it is a good one......it will be worth more than you think
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Hi Lastyboy That sounds good,but thinking about it,I am unsure how that will work.Does that mean you will have to buy your plot from your family at the current market value who will then have to pay the appropriate capital gains tax on the proceeds.These days I imagine a good plot is worth a lot of money.
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Hi Noacross See my November Trade post,you will get the picture !
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No overheads ? rent,business rates,advertising,bank and finance charges,bookkeeping /accountancy,Insurance,etc etc On the annual accounts,I used to divide the cost of sales ( less purchases) by 52 and the weekly cost was always way more than I thought it would be.
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We have been going 6 weeks with our new ‘old pitch’.We have sold a few and bought a few at the door and taken in some good swappers from quality punters.However,the bottom line is that based on what rental income we got previously from this site,we have lost money.Our photos are still poor and we can’t do videos yet.From the start I said that we need to find out what makes the phone ring.Now I know,nothing does because it appears people now rarely make contact by phone.Then this week some passing tech guy thought he better let us know that our ‘award winning ‘ DMS website builders had ‘cocked up’ and had probably accidentally locked us out of Google search engine.He then sent us all this ‘code stuff’ to apparently show that ‘H1 and H2 ‘or something did not make sense ? By another 6 weeks ,I should have established what we have to do.
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I think that anyone in our job who has a desirable site will have done this.Getting a mini supermarket on a long term lease may be a better idea.
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I have checked and they initially wanted to charge us £278 +vat for 10+3 for 6 month contract for Ebay Motors Pro and Gumtree. I offered £200+ vat for 3 month contract for 20 +3 for Ebay and Motors and no Gumtree.They said we had to take Gumtree,Motors was a few months away but would do what we were asking for £278 +vat and I said no thank you
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That’s interesting,they offered me a deal 2 weeks ago and when I checked up it was only for Ebay and Gumtree,Motors does not kick in until after the new year.So I think I bid them £200 +vat for 20+3 etc and I think they said they would do it for £250+vat. ! I will try and find out what it was.£238+vat for 10+3 is far too much.
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Accepting/providing finance pros and cons
trade vet replied to tradegirl's topic in General Dealer Chat
I agree,you charge too much and you are inviting clawbacks.The big players probably still get degrees of volume bonus based on the quality of business,% of defaults,early settlements,proposal acceptance rates and so on.I am sure everyone gets 100% clawbacks for defaults and early settlements (3 months) .