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Everything posted by Nick M.K.
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Chaps, brush up on what “fixed annual costs” mean, then ask me (if you don’t already know) IF I have them. I will admit to having TWO sets of trade plates, Lawgistics sub and insurance. A total of £2200. Sorry for being so low cost.
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I would really win when I don't have any annual costs. But where would the fun in that be? I'll call Lawgistics tomorrow to renew and then will have some fixed costs.
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My OCD suddenly took an interest in this white board. If it's not too commercially sensitive would you email me a photo of it in a personal message. I won't rip off the whole idea I promise :-)
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"those"? Did you mean the preparation? How can they be fixed costs??? How can my advertising bill be an "annual fixed cost" if it's £1000 one month, £1300 the next and £0 the third? You stopped yours when you went on holiday so we'll easily agree on that. The insurance is a fixed cost BUT that's not purely business cost: most households need to have car insurance. My phone is £15 per month but again, not purely a business cost. Unit? I don't have one. Rent? Nope. A valeter? Er, No. If I decide to take a month off of work and I have no cars on my stocking plan there will be NO fixed costs. Actually I do have a £30 per annum subscription for Octane magazine but I paid it from my personal account. £595 p/a to Lawgistics IS actually a fixed business cost but at the moment I still haven't decided if I will renew it for 2019 (1 Dec renewal).
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No rent. No rates. No phone contracts. Yes insurance but it costs almost what a normal household multi-car policy would cost. And we would have that without the business. Yes Accountancy but it is not a fixed fee for us, depends on turnover. No turnover, no fee. Yes Stocking charges but if we don’t use the facility there is no fixed cost. Yes advertising but again, this is not fixed annual cost like the rent would be. The same goes for the bank charges. My bigest cost: car preparation. Everything else pales in comparison. But this certainly isn’t fixed...
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My business does not have annual fixed costs.
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I measure on a deal by deal basis. The joys of virtually no overheads.
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If you pay people weekly I guess you could measure profit / loss weekly...
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Only 12 years to recover? There is an optimist right there
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^^ I read ...sold out for a second and thought that I've missed a trick
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I saw that Tom Hartley had a fixed £5000 off per car for Black Friday.
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@First Response, why not get in touch with our dealer award-nominee (possible winner this year) EPV and set him up? He will get you all drinks at the CD gala night.
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Everyone that has such a site. I know a dealer that already has permission for 24 flats on quite a small pitch but is holding out for 30.
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James, the Puzzi Pro is £259 refurbished from Karcher Outlet. You also need to buy Karcher detergent tablets that dissolve in the water for much more effective clean https://www.karcheroutlet.co.uk/products/product.asp?id=5977 You will also need to buy an upholstery tool Karcher 10/1 if this kit doesn't include one. https://www.ebay.co.uk/i/291286057057?chn=ps
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I'll share my personal experience here from 2014. Close sent a rep who did the application with me a couple of days after my initial call to them. MotoNovo NEVER called me back Same for Blackhorse BLUE were just starting up and weren't well known Northridge said they couldn't work with me until I had an FCA FRN number, after I contacted them a year later with FCA number they said they couldn't work with me because of the small size of my business. Santander, Barclays and Hitachi Capital all wanted bigger businesses, fair enough.
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Very busy start of my month 6 in the first 6 days! And then 8 to prep all at the same time (I work alone) so it feels like a very busy month although I have not seen a customer since last week! Currently on 8 with a viewing tomorrow morning by a very-sub-prime finance customer who claims to have sorted his own finance and even left me a £100 deposit for the £18650 car! That deal is a bit of a long shot but if he buys (if his brokers say yes actually) it will be a great month. I also had a (phone) comeback today. A Honda Insight buyer from Birmingham with a battery problem. Wanted to go to Halfords. I sent him to his local ECP instead where a battery was waiting for him (£47 all in). He was most impressed when he needed his radio code and I texted him the correct one from memory! Didn't say anything stupid like "Nick, you must've had a problem with that battery since you've had to enter that code often enough to know it by heart" "It's just like an Audi isn't it, only it's a third of the price". I never liked Skodas. Must be an ex-communism thing for me. A reminder from a past life.
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Shell helix ultra fully synthetic just £16.25 for 5 litres!
Nick M.K. replied to Mistermuttley's topic in General Dealer Chat
shell helix hx7 professional 5w-30 in a 20 litre box. -
Shell helix ultra fully synthetic just £16.25 for 5 litres!
Nick M.K. replied to Mistermuttley's topic in General Dealer Chat
I got 20 litres for £45 so much better. BUT the f/s Shell HX7 Ultra is low spec and not really suitable for newish diesels as it is not low ash. -
Advertising very cheap cars, sub £1500
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
I recently watched an online sale at Paddock Wood. £1000 (CAP Clean) petrol Mazdas, 11-12 years old were selling for upwards of £2000! The brand is certainly enjoying a resurgence- 62 replies
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Reminds me of that scene in Schindler's List where Ben Kingsley asks Liam Neeson: "They put up all the money, I do all the work, what, if you don't mind me asking, will YOU do?" "Presentation" "That's what I am good at"
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Accepting/providing finance pros and cons
Nick M.K. replied to tradegirl's topic in General Dealer Chat
I promote it very actively on AT including automatic application from my website. Finance customers typically ask for their finance options immediately although some leave this "secret card" until after their viewing. -
Advertising very cheap cars, sub £1500
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
It will be a trip down memory lane, sure, but when they turn up at my place surrounded by shinier metal they don't do the overalls and torches routine. That £200 Golf? That's not motor sales, that's scrap territory :-) Did it sell?- 62 replies
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That's exactly what I thought :-) 1 office for Simon 1 office for a video editor 1 office with a "hot desk" for visiting dignitaries from this forum.
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Accepting/providing finance pros and cons
Nick M.K. replied to tradegirl's topic in General Dealer Chat
Not that I know of, my accountant just adds the commission income to the company income when they do the accounts. -
Advertising very cheap cars, sub £1500
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
I didn't mean that it says NO WARRANTY on my advert, I meant that it doesn't say my usual "Three / Six months parts and labour warranty also included"- 62 replies
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