D7neo
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Posts posted by D7neo
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2 hours ago, NOACROSS said:Blue Finance will help you/do it for you for free. The Rep. Natalie is on here and is very helpful - her number is 07849 832045
http://cardealermagazine.co.uk/forum/topic/5009-fca-registered/?page=2#comment-37867
Spoke to natalie, she put me in to contact with my local rep, who I haven't heard back from. Close brothers have been sending someone out to me for 6 months.
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Has anyone used a 3rd party company to help with the FCA approval system?
I trade from home at the moment on a party time basis, typically LCV's and minibuses between 3-6 years old, values ranging from 8-12k.
Vat registered limited company, approaching the end of my first years trading.
I think having the opportunity to offer finance will help sales, however, im struggling to get any of the finance companies to help.
Is there a company any of you has used? Im getting to the point where I would rather pay someone a one off fee just to get it sorted so it will speed the process up for me.
Flippingcars.co.uk offers it for £500+vat, does anyone have any experience with them?
Thanks
Dane
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11 hours ago, Natalie Draper said:Hi I work for blue motor finance so any questions you have please don’t hesitate to call me. I cover the south west but can also put you in touch with the correct reps for your region. We have no claw back as long as the customer has paid the first 3 months. We fund full VAT on any LCV, we pay the commission with the advance and do everything from prime to sub prime. Plus we are a direct lender and if you are a new customer you get a free iPad or iwatch within the first 3 months after the first 2 deals paid out then another for the next 4 so and and so forth up to 5 in total. We also do a lot more. I can also help you complete your fca for you if you don’t have one. You do have to be VAT registered though. Thanks Natalie 07849 832045
Hi Natalie,
I would be interested in speaking to someone in the northwest, (liverpool/manchester area) about being able to offer finance and doing the FCA. Mainly do LCV's around 8-12k price, vat register.
Thanks
Dane
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what percentages are you guys paying for card payments?
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3 hours ago, AutoJacob said:Hi mate
Try Sam Hughes at impact insurance in Bolton, if anyone can cover you he can.
Google their phone number or find him on Facebook and drop him a message
Thanks mate I'll give them a go, local to me too!
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2 hours ago, tradex said:I believe Tradewise used to operate direct but go thru brokers now?
Yeah it just says put in your postcode for the closest broker, the first reply is something to do with mortgages.
i spoke to another company before and wouldn't touch me for minibuses over 8 seats and she reckons there is only tradex who will offer that cover
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On 17/02/2018 at 11:27 AM, tradex said:What sort of cover are you looking for? Site or kerbside trader?
home trader
On 16/02/2018 at 7:56 PM, EPV said:I'm with Trade Wise. They have a handy online portal (I'm sure others do too) where you can nip online via your smartphone, punch in the reg and be covered in seconds. Saves ringing someone up and going through all that. See what they quote you?
do I speak to them directly? the website is pointing me to a local broker?
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Can anyone recommend a trade insurance provider that is reasonably priced?
i was with tradex/clegg Gifford this year but renewal has literally doubled.
I did have an 'accident'. Literally touched a car, zero damage to either vehicle, driver is now trying to claim whiplash, so that's going to be investigated, so I understand it may go up cause of this, but I think going up by £3600 is a bit much?
any input is appreciated
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I looked in to this myself, from memory, you only didn't charge the VAT if he is VAT registered in Malta and provided all his information and signed the necessary paperwork, he would then have to pay VAT to malta when it arrived. there is a part on government website that explains it. if he is private then from memory he has to pay it.
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2 hours ago, met said:I say Ebay. Copart is for 'dreamers' and breakers yards. I have also noticed a lot more traders selling non-runners on AT these days..
Just out of interest, did you get it from Colchester's non runner sale? I used to quite like something to play with, but I've found that these days, non runners tend to be absolute basket cases
no mate it was haydock on a Friday morning sale. In all honesty I would never buy another non runner due to how manheim handle them. There was another none runner parked next to it very close by so I asked them to move it, along came a forklift, they just put the forks under the vehicle wherever they wanted to and dragged it out the way. A simple none runner fix could cost more to fix than the damage they have caused moving it around the yard.
8 hours ago, Mojo121 said:eBay. Fully described, with suggestions of what the fault might be and anything else that's wrong with it. You might make a little money.
I would be surprised, it isn't the cleanest example. If I was in the auction room I wouldn't of bought it, the online pictures didn't really represent it very well. You live and learn!
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On 08/02/2018 at 2:03 PM, Andy Entwistle said:Bought mine through an import agent, there are plenty out there, was more for fun/ interest than any outright profit.
It must be older than 10 years or you will have a real pain trying to register it, unless the model in question was officially sold here. Factor in that they will all need a good service, likely some bodywork and you'll need to fork out a few quid on getting it converted ( speedo, radio, fog light etc), also factor in that it could turn up with no service or book pack ( likely). Its a small market now, so unless its something special do you really want to tie up a few thousand quid in a piece of metal that will be sitting on a boat for two months?
The vehicles are after only seem to be in japan, small coachbuilt motorhomes on a diesel 4x4 chassis, they'll be for myself as opposed to selling them on. there a chap in Bristol who imports them but they seem to be a lot of money from him....
Or to be fair, maybe they aren't, but that's why I would like to find out the true cost of one to compare the difference
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Can any of you suggest the best place to get shut of a none runner?
Its a 2009 Hyundai i800, bit of an impulse buy from Manheim (as a non runner), bought it months ago and haven't done a thing with it. Just want to cut my losses.
Is it better going back to manheim, co-part, car-transplants or another?
Thanks in advance
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6 hours ago, Scooby who said:Was at it large scale till the crash in 2008. Always kept a few japs since then but prices have risen in recent times. Sports cars have just gone through the roof in price and the 6-8 week shipping lead time is frustrating.
I have a very reputable contact out there who's Irish and very trustworthy. PM me if you need more info
will do mate thanks
On 05/02/2018 at 0:42 PM, Andy Entwistle said:yep, imported 3 in the last year....
Do you mind saying how you went about it?
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Do any of you guys have any 1st hand experience of importing from Japan?
I would like to look into the possibility of bringing over a few vehicles for my self rather than to sell on, particular the small coachbuilt motorhomes they do, like the Toyota toyace?
Thanks!
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On 1/31/2018 at 4:35 PM, sparky said:I knew buying would be tough this month, but it's now to take the ****. Thing is, I can't see prices being sensible in Feb either so bugger it, I'm buying a few more shipping containers.
and do what with them?
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I tried Merthyr Auctions in wales last week, have to put a 2k deposit down to bid. I was interested in a minibus that was going through, Id probably look to sell it for £8500, sold loads of them this year, went through the block at £9750, then there was about £700 in fees on top of that, plus delivery!!
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5 hours ago, twerp said:There is a lucrative market for one way European van hire
I think it would cost the majority of that to bring it back. Obviously unless you drop on a customer wanting going back the other way which would be few and far between
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Just now, twerp said:Food for though:
A friend paid £500 for 48 one way LHD van hire from Barcelona to Birmingham
Sorry mate I'm not quite sure I follow what you mean?
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Thanks for the detailed reply mate, gave me something to think about. I've also inquired about camper van hire, insurance is a fraction of the cost of traditional van hire. Dane
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Just wondering if any of you guys do any vehicle hire along side the sales? I currently sell LCVs part and hoping to go full time this year. I have been considering weather to open a vehicle rental from the same premises. It seems it is difficult to start off in this game insurance wise with not many companies offering the insurance, and the ones that do are in the region of £25k p.a for 5 vehicles.
Is it worth it? The local companies seem to be busy every time I've had any involvement in trying to rent a van...
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what power are the 5.0 mustangs pushing out?
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I'll give them a call tomorrow, much appreciated
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I'll try them again but I'm pretty sure they wasn't interested because I didn't have a sales pitch and a website. I can sort the website easy enough just haven't needed one just yet. Thanks for the input mate
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Hi All,
I have been trading just under a year from home, vat registered limited company.
I mainly deal in commercials, majority being minibuses, generally 3-5 year old, in the 8-12k price range.
If I was to become FCA approved, would any lenders deal with me, with the fact I'm a home trader?
i only currently do it part time as I work full time in construction. I want to add the flexibility of finance to the sales to hopefully wider my audience as they aren't cheap vans. Then hopefully look at doing it full time and move to a proper sales pitch.
thanks in advance
3rd party company for FCA approval
in General Dealer Chat
Posted
I have spoke to Natalie myself, she was more than helpful, but I am out of her area, but thanks all the same, much appreciated.
I am attempting to do it myself online, it seems to be a different form than last time I tried it.
It is asking for 'Details of auditor/reporting accountant' - Is that just my accountant or something completely different?