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Everything posted by Nick M.K.
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My guy will do it for slightly less but with so much damage I will probably take this to B Trim in Enfield. They will remove the piece(s) and replace it with brand new material. Around £120 depending how many pieces need replacing. The downside: they'll need the seat or the car for 2 days.
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Recommended battery charger for under £100
Nick M.K. replied to Arfur Dealy's topic in General Dealer Chat
CTEK MXS 5.0 https://www.amazon.co.uk/dp/B00FC42HAA/ref=asc_df_B00FC42HAA58582951/?tag=googshopuk-21&creative=22110&creativeASIN=B00FC42HAA&linkCode=df0&hvadid=226613731662&hvpos=1o1&hvnetw=g&hvrand=11445807865684957321&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1006611&hvtargid=pla-303286758601&th=1&psc=1 -
Can't increase the VED on a car that is already registered and allocated a car tax band. It stays in that tax band. Forever. The band price is only adjusted for inflation every two years. That is the reason some high CO2 cars registered after 26/3/2006 have £500+ tax and some identical cars registered 2 days before have it at £305. Can't increase the diesel fuel duty drastically as this will affect all vans, lorries, tractors, farm, plant machinery and whatever else runs on diesel... My guess... After the focus moves away from Brexit and someone finally pays some attention to what happens in the automotive industry the government will come back and say, sorry, we got you all confused, you can of course keep your diesels or we will offer a scrappage scheme which pays market price for your car. Remember 2009? Any shed with a valid MOT was suddenly worth two grand and the cheap usable sub-£1000 cars disappeared from the market.
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Keen to try a "finance only" strategy for a month. Thoughts?
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
David Ayers, this car was actually sold before the email and I just used the opportunity to see what the potential reply might be. There was nothing further from him after that. -
What Grant is saying is that the dealer reduces his sold out price by £400 saying that the £400 is not part of his margin but the cost of his warranty (which is an insurance product). Insurance products are exempt from VAT but: "something is insurance for VAT purposes if it’s an activity that requires the provider to be authorised as an insurer under the provisions of the Financial Services and Markets Act 2000 (FSMA)." So if that dealer is not authorised as an insurer under FSMA he is in trouble.
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There is a tool / brush which is used to remove hairs from coats, looks like a hand held roller with a tear-off sticky tape. Does a great job if the hairs are not very thick and not very deep in the carpet. https://www.ebay.co.uk/itm/New-Clothes-Dust-Hair-Removal-Brush-Sticker-Sticky-Lint-Roller-Cleaning-Tool/223310974591?hash=item33fe5f0e7f:rk:5:pf:1&var&checksum=223310974591b6a929da626e4df0ba4b12aea1e95a06&enc=AQADAAADAFjVrDbVsZ8oH%2F8PNHtt9VX4%2Fw7FZcmMuqsX8uaFEduVluw7J7BTpF5zwRxTQU5NAjaxNXM%2FESTcHhMR5PFXHjj86lT%2BEcgTPTTxOpWSLjFP3q09JHnRbOEIAFzHuj%2F1%2BSzkClQjmj0G0d01m9JfdP7BQwbcTp13HYVjHui7Gkz9Ws8zkY4Unr%2F3FfZaQj%2B7IlX2Vccmpt0p8ny9l3AhnrYPqpNx6L0XEbF58XQJmYlGAVoFb1dZcbR80mLuxq7NWfk9N0qTFmYRZlM2SmsNfskCwFWmftiBpm8i%2B8SXa8Vy53UhpDl1G1FjMPzXIaCkcNBk2zA1yAX%2FDP%2BBrGSBAzKA8W7FjWD2TKRbFl9z64%2BiRVMkOZ5i%2BFg4x5Kh%2BSFjlhJ%2F2cIMdL9EYClOPkkg8JnbV%2B5ABu1IyfkEfV9lazELsdewEZJvNplmCfsxgU1M1ia0IK3%2FknATI8WCf54ZVxrDAUOGkGLOyBVzdbuMq%2BkHv6HbhrbOfwTCGjxVorH%2FHIW6XyGFlgVvxlOsbS%2BaxNDEChwHm4qqInThNfCN6dvMeigte0845K0erFYwueiGaJGFwVNYHw7TnlMDKux12VCd650QP2GYhrXI%2BaPqqqE7DBFxUZdwkODcyJdLUj1j1zboOBu79%2BUJIgoEX56Hv9BTmp%2FMKIWmfvS0OjZCs8R9OdMUinrnfkNnZ9v5fQ3j1TZKNsWAaAiIMV5fkAQi3UFW0V66lYEuj9Kz%2BrCpyc0vOqEGgrbuB6yQdfGyqc6kHCJy1BKnmxgWp6r%2FbzmJCyzCOwyQKoq4z%2FtTfR2MQhBZNQs7dTdtsht9WPF3blPVLvAIAR9U2fNBnA499t2BAmJ1NJ2gtfLwe3pRk9AGN23hZcOpSaMERj3uNL79mAzdetdNfwPd9QUSEk3Ge0VKCZMGn62c8KQ4Tx58QspvuCSFyFk9%2F7YDFeHa2WEnqYfylcg%2B9sZJirxAKBXlR%2BvOTeK2PHWqeuD2xA57Rxiu69lbHvHzMdG9h4wck%2FbV87Hucw%3D%3D&frcectupt=true
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This is where me and you differ, the thought of that £ fiver that left the petrol tank as soon as you pressed the start button would depress me :-)
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Keen to try a "finance only" strategy for a month. Thoughts?
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
I need to come and work for you (free of course) for a weekend David, I think it will make a real difference to my dealer education :-) -
Keen to try a "finance only" strategy for a month. Thoughts?
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
Deposit contribution yes. It also reduces your Vat bill as HMRC sees it as a discount. The problem then is my 6 months clawback which means no comission if the buyer settles their finance in the first 6. -
Keen to try a "finance only" strategy for a month. Thoughts?
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
If it was a straightforward decision with no IFs I would do it across the board immediately without asking for thoughts here :-) -
Keen to try a "finance only" strategy for a month. Thoughts?
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
Imagine this: someone pays you the full whack, the car is gone. That same week you get 3 more enquires for it and they are all for finance. Only you haven’t another car like this to offer and miss out on the comission. Which on a £9000 car would be 14% if the buyer puts down a£1K deposit. So that’s £1120 of missed income. Or 11 grand over a month if you sold average numbers to the cash buyers only. -
Keen to try a "finance only" strategy for a month. Thoughts?
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
I've checked with Lawgistics and you can sell only to finance buyers if this is what you want to do. Mark, how do you have a LIKE button? I have the Edit back but no Like. -
Some of them are and when you have something that looks a bit different the phones go wild :-)
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Very busy just outside London and looking at all the optimism and sky high prices at BCA Blackbushe today I'd guess it's not just me.
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8 sales this month, Southern Buckinghamshire (within sight of the M25) MINI Countryman 2.0 Diesel AUDI A5 3.0TDI Diesel BMW 118D Sport+ Diesel Golf Bluemotion TSI Petrol Mercedes E300 Bluetec Hybrid Diesel (64 reg so NOT compliant with the new London ULEZ!) Mercedes C250D AMG Line Diesel (66 reg, compliant with the new London ULEZ) Mercedes S350 Bluetec Diesel Volvo C30 R-Design Petrol Also spent the whole day at Blackbushe (and the sale still going on now on my live online 16:20), most prestige diesels in nice condition were selling around CAP Clean, some way over! 50% of buyers out there (including me) still demand a diesel for their daily driver.
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Lucas are you kidding?
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Advert live to deposit paid. But I’ve stopped counting years ago. I used to be a busy fool trying to turn over cars really quickly but eventually understood that one car sold for £1500 gross is much better than two for £750 because of all the little added costs of multiple sales. Also having cheap stocking facility has reduced the pressure to have to be paid quickly so I can buy new stock.
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+1. £330 well spent (every year I consider giving up the second set of plates but keep thinking back to when we transported Astras from BCA Bedford with 1 plate on the windscreen of car 1 and one on the rear window of car 2).
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Meet-up for forum members at CDX 2019
Nick M.K. replied to Becca Chaplin's topic in General Dealer Chat
Actually that campaign is for new dealers so call your rep tomorrow, tell him a friend showed you one of their leaflets (check your email) for the campaign and ask him to put you on it starting March. -
Is there any place to get some food around here?
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
I bought a trade car from someone like this (my PDR man connected us). I travelled 50 minutes to get there, the car was filthy, needed some work but my very low bid was accepted. He absolutely didn't want any deposit and didn't want cash! Wanted a bank transfer for the full amount the next day or two. Two days later I went to collect the car, they had valeted it and even had (our mutual) PDR man do the dents! So much better than BCA. -
Meet-up for forum members at CDX 2019
Nick M.K. replied to Becca Chaplin's topic in General Dealer Chat
Close have a campaign this month and March. 14% on that £7250! -
Is there any place to get some food around here?
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
Simon, I don't assume anything. In used car sales I am as good an analyst as any (maybe not on TV's level but you know what I mean) We've been forum buddies for years, I've watched your videos, I've studied (sounds creepy but I have) your model, your stock selection, your website, when a car goes on sale, when it goes off and I know where they come from and that they come with auction fees and transport costs etc etc and while it's innovative in a way I see the limitations that it has and have decided that it simply isn't for me. My strategy is to make the customer want my car. Yours is to filter the possibles down to the confirmed definite and that's fine but means a lot of people simply won't buy. This will certainly mean lower than max possible turnover (of stock not just money) and certainly lower margins. Pre-agreeing a part ex value unseen will also have to lead to a lower margin eventually. You simply can't offer £800 on the phone when all guides, WBAC etc say £2000. I envy you for the time waster free life but as John Murphy used to say on the other forum: Sometimes we get paid to have our time wasted :-) -
Hahahaha. Yes, bad build quality due to London getting the Olympics :-)