jan808

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Posts posted by jan808

  1. Posted

    Hi guys

    Is there a process you need to follow to sell are car with finance?

    Do the lenders have specific requirements before they provide a finance for a vehicle?

     Looking to sell cars via dealers so want to do all the leg work before it goes there to reduce costs.

    Any info will be appreciated. 

     

     

     

  2. Posted

    10 minutes ago, Lakeside said:

    They do pick the best of the bunch for themselves but with the volume of cars going through bca surely they can’t keep everything. 
     

    Also surely this is only the case with WBAC/UKCGR As other vendors would want their cars to go through the block and not be bought at rock bottom by BCA/Cinch 

    I have read alot of bad experiences it's just worries me il fall into the same hole so that's why if going for low mileage vehicles I can avoid engine and gearbox faults. 

  3. Posted

    Hi Guy 

    Just want to throw this out there.

    Has anyone experienced problems with low mileage cars purchased from BCA?

    also is it true all their good stock are sold on Cinch? And the poor quality cars are on BCA?

    Any insight will be appreciated.

     

     

     

  4. Posted

    Hi all

    I'm looking to start my own car finance company and in order to get started I will need a consumer credit licence. Just out of curiosity how did everyone get there's on here (limited or full permission)? Did you do it yourself? Or did you get help from a firm and if so how much did you pay?

    Thank you.

  8. Posted

    7 minutes ago, D&M said:

    Sorted.

    We set up from home, (currently in the process of moving to a unit) and haven't had any problems.

    The hardest thing we found was finding reputable mechanics/MOT tester/painters. Time consuming and costly if you have people working against you rather than with you.

    We think it is about how you sell the cars, upfront and honest. Don't promise the earth, as you are selling old, used cars. If problems arise, be reasonable with people.

    We don't have a problem having our home address available. We think it gives the customer confidence that we aren't hiding anywhere. If there are any problems, we can deal with them straight away as they come straight to us.

    Plus, like Mark101 said, the people who are coming to view/buy your cars know where you live anyway!

    Thanks man thats what i was looking for. 

  10. Posted

    Looks like il be setting up as a ltd company with the accountants address as my registered business address. 

    22 hours ago, Trident said:

    What a priceless question, what does trading in cars have to do with the bailiffs?? is it just me or could the bailiffs turn up to any premises, home, lock up, showroom...pay your bills, do right by customers and no one will come knocking...sounds to me like you have absolutely no idea what you are getting into, I wish you luck, but you need to start off with the right attitude and worrying about bailiffs turning up on your doorstep isn't it...rant over

    I do know what i am doing and been doing alot of research is this trade. The part i was unsure of is whether to have my home address as a business address. I was looking for any bad experiences from people set up from home.

  11. Posted

    Thanks guys for the response. I was just thinking where I can start a business where my home or personal assets are not at risk. Setting up from home seemed like the easiest option. I was looking for situations beyond our control or a honest mistake was made. This can give me an idea of what to expect when involved in this trade.

  12. Posted

    Hi all

    I am thinking about trading from home. What are the risks in doing this? Has anyone had any bad experiences ?

    I have watched tv programs where the car seller is being pursued by debt collectors and his personal belongings were at risk in being taken to be sold.

  13. Posted

    1 hour ago, EPV said:

    You need to be an IAR, Introducer Appointed Representative. This means that legally you can pass the details of the customer on to the broker you are an IAR for. 

    Is the the same as having a ccl but named something different.

  14. Posted · Edited by jan808

    Hi Matt 

    Thanks for the reply. 

    17 minutes ago, Matt Reid said:

    Not with Zuto

    How so? How are they different from the other providers that provide finance such as close brothers and santander?

    Any info is appreciated.