SouthernTrader

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SouthernTrader last won the day on November 25 2020

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About SouthernTrader

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    Independent dealer
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  1. Nice to hear of a good news story in our industry! Fair play to the chap
  2. If you’ve given them the lawgistics distance selling regulations then you can charge them a £1 a mile after 20 miles as stated in the terms. So at least if they keep it for a bit and use it you can get some money from them.
  3. This wouldn’t work I don’t think think. VAT registration isn’t done on a calendar year it’s on a rolling 12 month basis. So you would have to continually stay under the 86k mark on a rolling basis. I think that’s how it works anyway - someone will correct me if I’m wrong!
  4. Agree with the above, few things to add. Only 20 photos? Is this the limit when you don’t have an AT package, if not add more. Double the amount to at least 40 photos especially as people can’t physically view right now. This may be more relevant with people buying a high mileage older Merc than a small Honda Jazz but your company has no online presence. You don’t have any Autotrader reviews as you aren’t on a package but also no Google business page with reviews or a website that I can see? I found a LSP Motors on Facebook but there’s no reviews, photos or any posts. The sort of punter buying that is likely to check you out online first and if they can’t find anything they are going to go on to the next advert who has 5 star reviews etc. The car itself has a nice service history and the advert description is good so I can’t really fault that too much. Hopefully that doesn’t come across as negative but just constructive advice. For years I didn’t have any online presence and for the cheaper stuff I don’t think it matters but at that price bracket and that car it will. Best of luck
  5. I’ve seen them posting lots on the Facebook groups - seem to be making a big push on social media. Still remains to be seen how they can compete with the big boys. I’ll be interested if anyone has had any success with them
  6. This is what I did early on, and I still learn lots now - although it’s definitely quieter on here now. Go back to the start and read all the threads, might take a few weeks. By the time you’ve done that you will have a good grasp on CRA15, buying stock, advertising, photographing, part exchanges and all the pitfalls we encounter. Plus you’ll find some entertaining old threads too. Also at the top of the page is the How to be a car dealer guide, it’s £10 - buy that, it will help you and it will help fund the people who run the forum. You’ll get more than your £10 back in terms of knowledge The rest you’ll learn with experience. Good luck
  7. Absolutely, in this day and age any little competitive advantage should be used to your advantage I say! Cheers, that’s what I’ve done and put it on all my adverts! I’ll stick it up in my office too
  8. Morning all, yesterday I got an email saying I’d been highly rated on Autotrader. It looks like they will send out some stickers to put up on my office. Question for you guys who have had this before. Do they automatically update your adverts to say “Highly rated” or do you guys just screenshot the picture and add it to one of the photos on your advert?
  9. I’d never take investment from someone else wanting to take a piece of my profit while I did all the leg work or partner with someone - personal preference but I like to answer to me alone and know all my profits are mine (and the tax and VAT man unfortunately) If you want to expand can’t you take a bounce back loan or get capital yourself?
  10. You’ll have fun (and stress) doing that part time and might even make a decent side income but as a full time business I’d say no. Your time will be swallowed trying to find, fix and retail these cars. Also realistically how many are available at any one time and via what source? Could you for example source 10-15 a month that you’d need when the business is full time? While you might take the best part of a month, sourcing, fixing and prepping a couple of 90s Mercs, you could have bought and sold 10 “retail ready” modern cars. Don’t let me put you off btw, if you want to try it go for it, you may find down the line you could stock modern Mercs and other newer cars but have a few nice 90s classics too to keep that side of your passion going. Anyway, good luck
  11. https://www.moneysavingexpert.com/news/2020/03/chancellor-announces-help-for-self-employed/ Obviously that’s not official government site but that’s the link I’ve seen doing the rounds “If you're a company director and pay yourself a salary or dividends you won't be covered by this scheme” My accountant also emailed me confirming as much, they are awaiting clarity if we can furlough ourselves as directors. Lots of mixed messages. I don’t know for sure either way, just going on the information I’m getting. I’ll wait for further clarity from the accountants
  12. Also doesn’t apply if you are a director or a Ltd company unfortunately which I guess applies to a lot of us. My hope is we can be trading in 8 weeks again but what will business be like when we go back?