Unknown

I started in an indy circa 5 years ago when I left school. Then moved into the Vans around 3 years ago, worked my way up to moving into a Managerial role for the Company Branch. I was eventually made redundant as the company has since closed (Which kick started me going into self-employment in the first place). So I do feel that, whilst I'm young, I do have a certain amount of experience in the game. Though Maybe it is time for me to take a step back & think of my next move. Thanks for the input anyway guys... Always good to hear other peoples views (especially with your combined experience). Cheers

@Rory RSC Yeah I've looked into the Interest Free Credit Cards / Personal Loan Route but for whatever reason a lot of Banks / Companies aren't willing to work with me?! Credit check etc is relatively good. Though I've been told its to to with 'credit experience' as I'm only 20. So No point arguing suppose. NextGear is another company I have looked at actually but at my stage of trading, they look to be a bit expensive? Well what i can work out anyway... @Mojo121 The cheaper car market has definitely been saturated, but the more I think of it, at my stage, it's the only logical option. Until I get the ball properly rolling anyway... Thanks for the advice

Hey there, thanks for the reply... yeah, to be honest that was my thinking. But since starting I just can't shift enough metal to justify it. Maybe I might just give it another while to see how the next few months turn out. Funny, Your not the first to say that, sometimes Vans and the punters they attract can be a hard nut to crack. But my background is in a Main Dealer Transit Centre so I kinda know my bearings.... I Think. Well better you than me for I'd reckon that wouldn't have been the easiest to shift. But hey, if it's too good to be true and all that...

No prob mate. You shouldn't need either. They set me up with no problem at all when I had no website or pitch. So I can't see why they'd have an issue now. Especially as your already trading.

Try Close Brothers... Shouldn't be a problem that your trading from home. They can also help with your FCA application if needs be

Thanks for the reply... Sorry, what I meant to say was that I cant drop 30/40k in it just yet. At the moment, I only have about 15k (Self-investment) worth of stock circulating (3/4 cars a time). Its not much of a business to be honest. But because i'm so limited on stock it really isn't turning quick enough to justify at the moment. Because my business at present is only a commission based company, there isn't enough turnover from that (& definitely not with the sale of cars) for the Bank to consider me. BCA are the only company that are considering working with me, but I'm not 100% sure. BCA Fees are quite hefty alone, but adding the Partner Finance Fees + Delivery to N.Ireland just eats away at the margin.

Hi Folks, after being a long term reader of the forum, I've joined and am now after a bit of advice myself. I've been in the trade Circa 4/5 years now, so I'm not New to the game. But every now and again, a bit of advice goes a long way... Basically, a year & a half ago I went self-employed in Car Brokering, (An Estate Agent equivalent for Cars etc.). I'm doing ok with it, it pays the bills. But recently I've been pondering about expanding into Used Cars / Vans. Particularly Vans as I have past experience with them. I'm based in N.Ireland so I know they tend to do quiet well as a lot of trade comes from the Republic of Ireland (Cheaper tax rates & Euro to Sterling Value etc). But as you know, this is a V expensive game to get into and financially it isn't viable for me to drop X amount of £ into it yet. So basically what I'm asking is, what is the best way in your opinion to go about this expansion? - Stocking Facility? (Have been in talks with BCA about their Partner Finance already. Not 100% sold). - Try attract outside investment? Sorry about the Novel extract, but I'm curious to what your advice is and how you guys got started... Cheers...