SouthernTrader

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Posts posted by SouthernTrader

  1. Posted

    On 2/11/2022 at 6:15 PM, Lambchop said:

    Thanks, for reply’s , will try using their site but have to put an e mail address in , maybe will block after so many searches ? , had one  in yesterday Ford Fiesta 2009 65,000 miles said he was taking to we buy any car. I know cap clean is about 2600 ish so said I guessed we buy any car would offer bout 1500 and knock money off so said I’d give him 1200. Havnt heard back so maybe they offered more. Was hoping there was an app with their valuations or it was cap clean minus a percentage. 

    You haven’t heard back because you absolutely kicked them in the nuts :lol:

  4. Posted · Edited by SouthernTrader

    1 hour ago, LSP Vehicles said:

    Sorry, by part X I mean something we have taken in part X and then sell on.

    @David Horgan I was under the impression legally we have to provide a min 3 months? Or is it that legally the customer has 3 months be able come back if any issues?

     

    Thanks 

    No legal requirement for any warranty to be given but the consumer has rights on any car bought from a dealer.
     

    Understanding the CRA2015 is one of the many things we need to know in this job. It protects the customer but also us sellers so get your head round it.

    In my opinion selling cheap px cars through your business is just a headache. 

     

    The article below gives a good summary and should answer your questions.

    https://www.thecarexpert.co.uk/rejecting-a-car/

     

    • Like 1

  9. Posted

    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.

  10. Posted

    On 12/16/2020 at 2:27 PM, johny1980 said:

    I could intentionally slow things down to stop me going over but have been weighing up the pros and cons

    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!

  11. Posted

    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

    • Like 1

  14. Posted

    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 

  15. Posted

    25 minutes ago, Nevillec said:

    If you scroll through the  forum  you will find  lots of advice  given ,to a similar question to yours.

     

    good luck

    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 

  16. Posted

    3 minutes ago, trade vet said:

    Make sure to ‘milk it ‘ and embellish it.

    Absolutely, in this day and age any little competitive advantage should be used to your advantage I say!

    35 minutes ago, MarkTVS said:

    We just screenshot it and put it in our image feed ourselves 

    Cheers, that’s what I’ve done and put it on all my adverts! I’ll stick it up in my office too B)

  17. Posted

    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?

     

     

  18. Posted

    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? 

    • Like 3

  19. Posted

    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

    • Thanks 1

  21. Posted

    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

     

  25. Posted

    Sold a cheap part exchange last week £995 - a grand under its retail as it had a few little issues.

    4600 views on the advert before a viewing let alone a sale! Loads of interest from people not reading the advert and thinking it was a proper retail car which were turned down for viewings.
     

    Got me thinking what’s the most views you’ve had on a car before you actually sold it?