trade vet

I would be interested to know what you buy because in my opinion it has never been easier to find stock.If you don’t buy on line you have got to be prepared to travel...and I mean travel.

That’s a shame,I think Brexit is back on after today,I was just waiting to come in and bore everyone.......anyway I voted out.

Fair enough Grant.......can you disclose the names of some of these pitches closeby to see if we can find out how they do.If they do well that could be good news for you.Moving pitch can be an anxious time,it will not be straight forward.

Carefull what you wish for........don’t think you that you will be able to compete with franchised dealer prices.Overpricing by newcomers on pitches has been the downfall of many.....take note.

I could go on and on.....circa 1981....Anyway we used to sell a lot of stuff to miners (in the days of coal mines) and they earned good money.This guy walks in and stands next to a Capri and calls me over.He says ‘I’ll have that Bonny lad’ and I say thank you.He said he would just nip over to Barclays which was 200 yds away to get the money.15 minutes later he is back with cash and we do the invoice.He says can you deliver it and having seen that he lived 500 yards away,I say where to.He says ‘my house’ and explains that he does not have a licence.So I ask him why he was buying this car.........he produced a letter from Barclays telling him as a valued customer he qualified for a car loan and he said his mates where getting the same letter and buying nice cars.We did deliver it.....He was just keeping up with his mates !

Yeah......but if he got pulled it would be headlines in the local paper.

That’s happened to us when we only left 10% in LA ,waitress chased us and wanted another 10% because she said she was not paid much.

Hi Dave It would be better if you posted this on General Dealer Chat.......I may be wrong......but I think if you book the job in to your workshop first before using your plates to collect it and deliver it to your paintshop.Then bill yourself for the work etc.when it is completed.

I have experience doing this sort of thing as an investor and first of all would need to see the last 2 years accounts.If you were sourcing the stock yourself,I would have to see the purchase invoices.I don’t think you can have set figures per vehicle,what we have done is base it on the quality of the deal.So if a deal goes wrong,duff swapper,big warranty claim,huge prep bill and there is no profit,the investor gets e.g.£50.However with good deals attracting resaleable swappers,prime finance and a very good profit margin the investor should be able to earn up to £400.( but they are not many of them).So with a straight £1000 mark up less your vat less prep and delivery costs etc as you will net little so I would suggest £100- £125. If you have a good business which has been established for 10 years you may need to explain to potential investors why you have a poor credit rating.Non motor trade investors taking the AD route would probably expect their investment to be ‘belt and braces’ fully secured.I thought £20k was being used as an example,if this is all that you require,I would be suspicious.If it is a well established good business £20k cannot improve it very much.Sorry to sound like someone from Dragens Den.

The punter is innocent !,sorry but you are contributory negligent,tell the punter the truth,unwind the deal,refund or get him another Fiesta ( preferably a newer and better one) and you will be a hero....However,it may cost you a grand or more. On your admission this subcontractor must be dodgy and has either cocked up or is setting you up for a big bill ( if he does bills) .You know what they are like,the chances are he is not telling the truth and it probably won’t be right when he completes the job .He will then probably deny all knowledge of his workmanship and blame the car.

The punter is innocent !,sorry but you are contributory negligent,tell the punter the truth,unwind the deal,refund or get him another Fiesta ( preferably a newer and better one) and you will be a hero....However,it may cost you a grand or more now but a lot more later on in the ‘small claims court’.

I have experience doing this sort of thing as an investor and first of all I would need to see the last 2 years accounts.If you were sourcing the stock yourself,I would have to see the vehicle purchase invoices.I don’t think you can have set figures per vehicle,what we have done is base it on the quality of the deal.So if a deal goes wrong,duff swapper,big warranty claim,huge prep bill and there is no profit,the investor gets e.g.£50.However with good deals attracting resaleable swappers,prime finance and a very good profit margin then the investor should be able to earn up to £400.( but they are not many of them).So with a straight £1000 mark up less your vat less prep and delivery costs etc as you will net little so I would suggest £100- £125.Alternatively,If you are sending the investor to auctions to buy the stock on you behalf,you will have to pay their expenses on top.

EPV if you are a LTD company basically don’t do it.BTW I have not been severely burned by HMRC just severely inconvienced over a long period of time.Also just looked at your site,the coaching from the guys appears to have worked,it looks good to me.One thing ,I think your starship mileage 14 C Class should be £9950...believe it or not,but I am fully qualified on that type of stuff !

HMRC have imagination,they love car dealers.If you get caught out on just one sale,they will take you to the cleaners. If you are a ltd Company,takings must be paid direct into a company bank account.I have been there years ago,was paying cash into a private B/S account then just transferring it into the company account to save charges.Our accountant stopped me because HMRC could have taxed me for personally receiving the cash.

For a long time,we used to buy cheap sets of mats from Maccess ( anyone remember them ).They were’t very good but the packaging was,it said ‘Luxury Car Mats’.So we just used to hand the punters a set on collection and they were delighted.We don’t use them know but our regulars ask for them because they think we have forgotten to hand them over !

I get the impression you are a bit nervous about this one.If it’s ex lease,it will probably have good history and could also have a detailed print out .You may find that if you price it right you may attract a buyer from far away.There is some great high spec mileagey stuff out there,you just need to know how to market them.

Hi Natalie...I am impressed your responding on here after 10 pm.I take it you mean no clawbacks for early settlements after 3 months.However,when cases go legal surely that is a different matter.I used to always keep the annual rates and terms contracts with Black Horse ( who were very good for us) and when we agreed a new deal they would just say sign there it is the same terms as last year.I would then check it word for word with the previous one and ............!

So it was you AD,that must have been the last straw for them,no wonder they went tits up.In our John Lewis I often see them priced up ,some of them are just under 2 grand !

Even better.....most of the stuff our guys buy are over Crap Clean and they are still for nowt.

And no auction fees !.....a descent new kiddies buggy probably costs more than £1650.....It’s a Hughie Green car ?

I bet you paid above Crap clean for that.......and it was for nowt.We have been selling stuff like that for years,just don’t be greedy.

WOMA is a great sale,it is a family business,discovered them in 94.I am not clued in on commercials but they have a good Metpol contract and there will be some good stuff.They have good franchised dealer and local authority stuff aswell,however it is busy and traders travel from far and wide to buy.When I was on the road buying,it was my favourite sale.Know nothing about MMA but you may also want to consider Brightwells. .

I would certainly like to know the judging criteria for this award,which auctions were considered and also who were the judges.In our area we have Manheim Washington for instance which was a CMA purpose built auction centre which has long since been neglected by Manheim.I would be interested to know how it faired with the judges.The overall result must be in doubt when you consider that the market leaders BCA appear to have blown Manheim ‘out of the water’ with their financial results. I was also interested to see ‘the most innovative product’ award winner Moto Novo for ‘find and fund my car’,need I say anymore.

When they are new they must be good for PCP and Motability but their cannot be many people buying them with their own money.I imagine at 2 year old,they may be a good pitch car,cheap and late plate etc.As for SsangYong,I see there top of the range is listed at £37k,what’s that worth after 18 months.....£12k on a good day.Can you imagine being tucked up with a franchise for them.

Yeah....do the maths......It makes me laugh every time the Dacia ad voiceover guy ( Caldwell ) says that.I don’t know how they get away with it.Nobody has ever said to me ‘ I am looking for a Dacia ‘.