Lucas

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Posts posted by Lucas

  2. Posted · Edited by Lucas

     

    1 hour ago, stockedup! said:

    Go and learn the job working for some dealerships, after you have done a few years and if you still want to do it put £150k in the bank and work off £50k. Do a year and if you still have your initial money(or even a bit more) and have lived then you can probably do the job. Keep your overheads as low as possible, pitches can be very expensive to run but units/farms etc are viable with the internet, do a viewings by appointment and you can get about to buy cars as well as run the rest of the business! Good luck.

    Thanks for the advice. 

  3. Posted

    9 minutes ago, AutoJacob said:

    Sounds like a troll or you're genuinely stupid.. invest it all into Bitcoins, it's safer.

    Thank you for the advice. But I have no knowledge in Bitcoin too. Just check online. It looks like that the Bitcoin value dropped more than half in the recent year (from £14K dropped to £5K). Maybe only the smartest guys can earn money from that. Not for me. Thanks.

    Screenshot_20180914-182249.png

  4. Posted

    2 hours ago, EPV said:

    As I said earlier albeit tongue in cheek, you could easily turn a big fortune into a little one. 

    Take the first steps. Get your trade plates, buy a car and prep it, advertise it etc. I think you’re barking up the wrong tree looking to sink a lump into an existing business and form a partnership. Most wont want to be answering to anyone else and definitely not to someone who knows significantly less than them. I’d set yourself up small, learn a shit load yourself and from this forum and then after maybe 6 months, perhaps look to merge with someone else. Yes it’s slow but you need to learn fast and you will. 

    Good luck, wish you all the best with it mate. Fair play for being prepared to give it a go. 

    Very good advice! Thank you very much EPV.

    2 hours ago, twerp said:

    Erm, don't you actually need to know something about cars to do this ?

    I think I just have a little general knowledge in the car like most of the consumer. But definitely not good enough.

    1 hour ago, Andy Entwistle said:

    I'd get a bloody lovely one for £200k.... :-) 

    Thanks.

  5. Posted

    6 minutes ago, boring dave said:

    the product you sell is an end to the means

    unless you take trade vets advise very seriously then someone or many will clean you out and leave you in debt /prison holding the baby

    £200,000 isnt really that much once a partner keeps sticking his hand up for you being the big i am 

    i suggest you get some ground experience first and bank the money  for at least 6 months

    Very good advice. Thanks. The product is the big problem for me. I have no idea what product I should sell yet. I have to keep learning.

  8. Posted

    17 minutes ago, sparky said:

     

    Interesting video. But I am serious. Thanks.

    2 minutes ago, Mark101 said:

    To be honest Lucas, I have three people wishing to invest in my business but it is me pushing back.  I chose this path because I want to be accountable to no one but myself and as soon as an investor come onboard, I lose the one privildge I enjoy most.

    Good point. I would do the same if I were you.

    6 minutes ago, whitestone679231 said:

    Go to Blackpool, change it all into pound coins and shuffle it into slot machines, less chance of dealing with lunatic privates and a chance of a better return.....

    I never play that game before. So also zero experience. But sounds funny enough. Thanks.

  9. Posted

    3 minutes ago, NOACROSS said:

    As above- be VERY careful and start with 30-50k/ see how you get on for a year or so FFS!

    Thank you NOACROSS. I will be very careful.

    3 minutes ago, Mark101 said:

    My best serious advice would be to spread your risk.  I.e. place £50k with 4 dealers instead of £200k with 1 dealer.

    Also, you'll make a better return and less hassle by funding rather than tangibly getting involved.

    Thank you Mark101. Good advice. The problem is that I don't know any dealer in the area. That is why I am here to searching for some one!

  10. Posted

    2 minutes ago, trade vet said:

    Hi Lucas

    You must be very carefull.Keep in touch with us guys,you are entering ‘shark infested waters’.You need potential partners trading accounts and personal bank statements going back 3 years.You will need to check them out at Companies House and also get various other references.

     

    Thank you very much trade vet. I will keep this in mind.

  13. Posted · Edited by Lucas

    Dear All,

    I am new to the forum. I live in Shepperton, Surrey. I am keen to start or join an used car business here. I have £200K cash ready to invest in the business but with zero experience in the industry. So, please contact me if you would like to expand your existing business. Or, if you are an experienced pro who also looking for a partner, too. Thanks.