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Everything posted by Nick M.K.
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No. The deal advance. So sale price less cash deposit (if they have some to put down). This is a great answer to the "Your last price for cash" brigade. Cash is costing us ££££ in lost finance commission so I don't have any price movement if you are a cash buyer.
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Can I do better? Can I quote my Close rep when he admitted to me that he went to see a large dealer in Bedfordshire who showed him a commission statement from Santander who were paying 12% commission for the prime customers. That dealership does not need a margin on their cars. Just volume. Mine is just over half that. Still OK but not without a margin.
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I bought a car advertised on Facebook today.....
Nick M.K. replied to Arfur Dealy's topic in General Dealer Chat
It would've been if I'd added "Sorry I missed you in Ibiza last summer" -
Spotted earlier :-) "Sorry officer, someone's new tyre sticker must've fallen off"
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I bought a car advertised on Facebook today.....
Nick M.K. replied to Arfur Dealy's topic in General Dealer Chat
£100 every couple of months you can comfortably save :-) Use that to pay for a few drinks when we bump into each other on a beach somewhere. -
I bought a car advertised on Facebook today.....
Nick M.K. replied to Arfur Dealy's topic in General Dealer Chat
+1. ECP do fitted mats for that model for something like £13 or simply put them deep in the boot :-) -
Up to 10-12 years old, up to 130K-140K miles OK with a lot of lenders.
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You go to your normal garage that you trust a get a full service done at their normal rates. Not MB, not MB specialist. At 127K miles your buyer will be much fussier about PRICE, spec and condition over the type of the garage that did the servicing. If it was a very low mileage example it's a different story. A 14 plate C Class should come without a service book with pages to be stamped.
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You do! Not only because of the commissions they pay but also because offering finance makes some sales extremely easy, especially on dearer cars.
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If the MotoNovo rep even returns your call it will be a pleasant surprise. Get in touch with Close Brothers, their reps are very helpful when setting up. I would put you in touch with my rep but you are not in his area.
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This is an important piece of information, I can't believe they haven't made it more prominent! I would still continue to not register a car in our name just because it's been in stock for a while.
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Advertise before all prep is completed
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
That is one of the main reasons I don't display number plates. My adverts are sometimes online within the hour of me coming back from the auctions with the vehicles still there and not yet paid. -
I would always take off from Automatics unless it's the factory fitted / removable type.
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This is the Lawgistics article (not very recent). It DOES NOT say that you can not use trade plates for SORN vehicles... You can buy a car which is on SORN (by the previous owner, very common possibility) but as far as you are concerned you are only temporary in possession of it and it should be fine to drive it back on the trade plates while the DVLA receive your "in trade" notification. SORN declarations and trade plates for motor dealers We periodically get queries about the necessity or otherwise to apply for SORN for motor dealers. If you are temporarily in possession of an untaxed vehicle as part of the day-to-day business there is no need to make a SORN declaration. If, however, for your own purposes you register a vehicle as a keeper then that is deemed as not temporarily in possession and so you would have to SORN such a vehicle if untaxed. If you make a SORN and then use the vehicle on the road then you are liable to prosecution UNLESS it is to take it to and from a pre-arranged MOT test. In similar way trade licences (trade plates) can only be used for vehicles temporarily in the motor dealer's possession in the course of business. There are limits on the permitted use of the vehicle on trade plates. Included here are test drives/demonstrations for customers, delivery to the customer, valeting between trade premises to auctions. There is no automatic exemption for MOT testing for vehicles used under a trade licence.
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And as my broker said (and he knows his stuff) if you want to minimize the risk of a claim against your trade policy because your company was the last party recorded on the MID with "insured interest" don't do it unless you have to (taxed vehicles and own use)...
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EnVoy :-) I hated them. Don't see them anymore which is good.
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Advertise before all prep is completed
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
On my Facebook page when I thank a buyer for their custom I always put WE. Looks better than me, myself and I. -
I so wish the buying public were like you. Life would've been much much easier :-) Probably why Vauxhall called their most basic models "Life". As in "get a life" the cheeky gits...
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Advertise before all prep is completed
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
When you said bad pics I imagined much worse. These "Bad" pics are actually better than the good pics of other people :-) Tricky to take photos in this sunshine but on some colours they come up well. -
I guess in that case the pricing from their price list will show. Or the Parkers guide of course, they always know everything :-)
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Advertise before all prep is completed
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
Yes and no. For your Civic the bad pics were enough to sell it but when you have 40-50 stock advertised (and we are talking specialist prestige cars here) you need ALL your stock to appear sharp. People that want to buy a £25K car might be put off by adverts for scruffy old cars alongside the ads for your retail stock. Some will not even know what p/x to clear means and will wrongly conclude things. -
As soon as I get a new-to-me model I will download several UK PDF brochures from the year the model came out. And a separate PDF price list. Then you can easily see the model "rankings" and the price difference between entry level and higher spec models. Well illustrated with the previous Jag XF in UK spec: Luxury > Premium Luxury > Portfolio > XFR (and an S version of each) in US Spec XF > XF Premium > XF Premium with Portfolio package > XF Supercharged > XFR As far as desirability is concerned it's slightly harder. You can have a very nice and easy to deal with mature buyer that would NEVER consider an M Sport BMW because of the firm ride so for them an SE will be more desirable. If you ask several buyers if a gold 330i SE Auto with creme leather is more desirable than a black 330i M-Sport manual with black leather the answer will not be same for everyone. I just look at what would appeal to a larger number of customers and because I have a preference for finance deals my stock is chosen so it appeals to the slightly younger audience. And even then a 70 year old chap comes and buys a convertible german-whip with dark alloys :-)
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Advertise before all prep is completed
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
Yes, as EPV says, photoshop scratches and scuffs and advertise before the car even goes into a bodyshop. -
Makes or Models you absolutely avoid buying for stock
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
Yes, it did look like they fuelled them up, then the next day they loaded them onto the BCA transporter -
Advertise before all prep is completed
Nick M.K. replied to Nick M.K.'s topic in General Dealer Chat
Must've been years ago, I've bought a few from there lately, all way behind book, all matching their grades, certainly better than my daily haunt Blackbushe. Wish it wasn't 200 miles away from us.