Steve H

Good advice Noacross and EPV, Thanks. I’ll do exactly that!

Hi, Wanted to share my ideas about getting started as a small time car dealer and see if i could pick up any tips and good advice. After 15 yrs of selling footwear online ive found myself with quite abit of spare time after downsizing a fair bit and getting the operation to run smoothly. Sales produce themselves to a certain extent and apart from the enviable messages and packing im left wondering how else i can earn some money especially as sales aren't as strong as they once were.. Ive sold alot of cars and bikes over the yrs (over 50) and quite enjoy it really. So im thinking why not buy 2/3 £3000 cars at the auctions and try and and make the mortgage every month. I have a nice double driveway i can use and a downstairs office and try the whole dealer from home thing for awhile and just see where it leads me.. Ive been quoted £1200 for dealer insurance which would cover more cars than i will have and cover the value. I read i need trade plates also, is this right? thought that was what the insurance was for? Am i right in thinking once i have insurance i can get trade accounts at auction houses? whats the benefit of a trader account over a private buyer? Any advice would be really appreciated! Thanks Steve