trade vet

Go ahead....first topic.......bungs.

Nice C5,I don’t think I have heard that expression before......When we had to value them as swappers,we always apologised in advance of giving a price......Andy,you cannot be wanting to retail it,it must stand you nowt.

These are the type of punters who on there way home and driving past some main dealer,call in and very quickly buy something completely different and give their swapper away.......Your TT may be very nice,but with that type of stock I always found that they rarely attract ‘quick surrender’ punters whatever the price.

64 Convertible,I was 14 then,you had to pay over book for them ( Glass’s ),very trendy,good sellers.What is it now,£10k

Some people might say just stick to what you are doing.I would say firstly try and share some car sales pitch where vans and minibuses don’t conflict.You could add 7 seater Estates aswell.Go on Companies House website and see the financials of pitches operating in your area and you may change your mind.If you can’t do that,just post a few on here and I will have a look.

Herald,could it be Powder Blue or a sort of mid green ? used to sell them when I was 16,they never came back which was the norm with most stuff,60% profit margins,no vat......2 grand readies always in your back pocket,just in case you were offered some cheap cars.....I am not kidding......sorry guys !

I forgot about them,they were crap sellers,probably worth a fortune now.

http://www.heritageclassics.com/ my favourite pitch,course if I had it,I would probably be doing old Astra and Escort Estates ! You might get $50k for them in Tinseltown.The last time I was there they had a Morris Traveller (wood batons) Crap paint job and it was over $50k

Old Cavalier,makes no sense to me,but what do I know about future classics.Then look at their pitch,very impressive and then their stock,very expensive.Then check them out on companies house.....what a cracking business.These guys no what they are doing ...wonderfull !

I would say just leave it,why take a risk buying online,it is not as if you have to buy 25 cars every week.Where you operate EPV there is any amount of nice ex fleet stuff to buy within a 40 mile radius.....

You must be in line for an export award or to be featured on one of those biased BBC news items on the negative effects of Brexit etc....

If you were standing in the ring at the block and it was put on sale at £8500 would you put your hand up for it.I don’t think I would and I am an impulsive bidder.

I recall selling one or two banger 200k plus miles Passat diesels to Poland or somewhere.They knew what they were doing.We are near the airport and there was a time when Irish punters often without notice would be waiting for you to open up having flown in early from Dublin or Belfast for £10.They used to cough up with all sorts of Irish and Jock cash and you were unsure it was real.I think there was some scam to beat import duty.They would sometimes get pulled at the airport for carrying a lot of cash so we would get a call for verification.We would say,sorry we have no idea who they are....they are Irish,they come on spec...da da da.

I think 27 days is good, if it is right.The stat I liked ( or maybe not) was the cost of sales,average cost per car over the year. Just read something where the boss of Cambria is claiming that they stock 1600 and on average it takes them 21 days in total from purchase to sale.I suspect he is including all the swappers they block to get to that figure ....

Dark colours,but especially black and dark blue.....light scratches and bonnet stone chips. Mix dark coloured printers ink with tyre slick and rub on.Polish off with wax....it works and lasts for ages,don’t recall having any complaints if chips reappeared.

You have to laugh.....Just looking at Car Dealer Mag news item.....Manheim have carried out a survey,yes a survey.There Head of External Relations is quoted that the result of their survey is .....acquiring the right stock is the biggest challenge faced by used car dealers.......I am not sure if he was referring to their ‘ever popular on here ‘Dealer Auction......you cannot make it up.

You are right,no clawbacks for early settlements after 3 months instalments.I was interested to know how they could afford to do that but I now understand that the ‘Rule of 78’ for settlements is no longer applicable.( so settlements must now be higher )........I would like to read their rates and terms,very interesting......We used to get regular clawbacks for early settlements plus the cases which went legal. Black Horse would often point out the legals but we would argue that it was their underwriters fault for taking risks and costing us money.It is not that long ago when we made very little profit on the ‘metal’ but plenty on finance and volume bonus which were free of VAT.....past glories again !

I often found that the punters return about the 10th August ( after factory fortnight holidays ) and you then have your busiest week of the year......Unfortunateley,we don’t have many factories now.

Early settlements,cases going legal or hirer not paying any 3 instalments on time etc etc....and no claw backs ?

Point taken Noacross ( although I am a seasoned or hard boiled pro,I am not sure about being wise) however although the company I founded goes on without me,they still do plenty of repeat business.When I call in I often meet the regulars.Maybe its a northern thing,mind we have been going for many years.....I am not a G&T guy ( wife is) I drink like a budgie......I am presently watching the cricket and following you guys.....thank you.

Jim Royal...?....Sorry

You are right Noacross,I am anti sub prime.They don’t become repeat punters and they usually have non retailable swappers.The first and final straw for me was an outfit called Welcome Finance who wanted our business which was long ago.Their rep met the punter at the handover and took ages signing up with all the refs and ID.The punter then drives off and the rep gave us a cheque for balance .....all very good.Next morning the car is parked at the door with the keys and docs in the letterbox and a note saying ‘ I don’t want it etc’.So I phone Welcome and tell them to forget it and that I will refund them immediately.They said it’s OK,we will just stop the cheque ! ( as if it was normal).After that any chucky duffers had to promptly arrange their own finance if they wanted to buy from us. I am sure First Response are OK,but I was always interested in prime finance,good rates and terms,good retailable swappers and repeat business.....maybe I was wrong.

Subprime,I thought so.If there is a merchandise complaint to the lender in the first 6 months and they stop paying......they could claim a void deal and rescind the contract.....it’s happened to me,full refund,that is why I quickly stopped offering sub prime years ago when it was introduced.

This gets better,RBS today declaring a dividend for shareholders for the first time since 07 at the expense of 12000 businesses they have destroyed.I was chatting to a lawyer yesterday and he said that despite the FCA ruling not to prosecute because commercial lending was unregulated,he was in no doubt that RBS were involved in criminal activity.

Thank you MSP,I have to say that is rediculous and could bounce back for whatever reason.That cannot be a mainstream lender,so much for Mark Carney warning about reckless lending.