CRW

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Posts posted by CRW

  2. Posted

    As per the title, with this vague mystical thing looming over us, has anybody got any advice of how they have managed to tick the boxes regarding consumer duty?  It all just seems totally vague and really not sure how or what to do. I'm a sole trader selling very few on finance, willing to put the necessary in place, but really not sure what the necessary is! Any advice, much appreiated!

  4. Posted · Edited by CRW

    Young couple came in yesterday driving a 2017 Yeti.  Told me they had had an amazing offer on the car, had to take it and were now looking for something else.  They bought it in June last year for £10500 and WBAC have offered them £15300, therefore near enough a £5000 profit in a year. I check CAP and its £14150 clean.  He said he was dubious so went to his local site where they only knocked off £100. 

    On the flip side, I did buy two privates last week at £700 and £400 under the offers the owners had received from WBAC and Cazoo.  Owners expected to be messed around once on site so would rather support local business.   I still feel I paid too much, but at least that's two cars those assholes didn't get their hands on.

    • Like 3

  8. Posted

    15 minutes ago, metcars said:

    Yikes! I’m guessing you won’t be volunteering for Samaritans any time soon?

    I am sympathetic to a point, but I was there to buy his car, not watch staged dramatics.  He then decided halfway through that he didn't want to sell it to me and would just keep it for the memories!.  My response was "well keeping it wont bring him back", which quickly straightened him out.

  9. Posted

    I think we should offer therapy and counselling sessions to the melts we have to deal with. Sat there last week while a 60 year old balled his eyes out over the loss of his 88 year old partner a month ago. Yes, very sad, but man up and accept the bugger was 88. I felt like asking him how long did he expect him to live? 

  10. Posted

    24 minutes ago, BHM said:

    Absolutely. Even if you work for £100 a bonnet some fucker (perhaps a relative you last saw last century) will have a negative opinion. 

    Personally if my family begrudged me making a living I wouldn't consider them family worth bothering with.  

  15. Posted

    17 hours ago, metcars said:

    Again, I wonder what it’s like for guys that source stock from private sellers?

    I think this scenario sums it up.  Phoned a private seller with a Fiat 500, nice late model with 6k miles.  He was asking £8150.  It was a bit over book but we need stock.  Car is still available he says, but may not be for much longer.  He had tried WBAC who bid him £8k, then dropped to £7800.  However, since he had paid to advertise it on AT, they had upped their offer from £7800 to £8500.  So the reality was that I couldn't buy the car that was for sale at £8150 in AT, even for the advertised price, let alone have a discussion on price. Every time I see that tosser Schofield or that goofy berk Rylan on the tv adverts I'd happily throw the remote through the screen.

    • Like 1
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  16. Posted

    14 hours ago, danbrown said:

    I learned how to vend cars the hard way I am now a customer support in one of the largest kia maisons in china , the deal is you have to do it smartly with your customer you have to attract him to the smallest fine details in your product 

    Wow, I hadn’t thought of that. When you say “do it smartly with your customer” do you mean Roger them whilst wearing a suit?  Thanks for the shit advice you prick.

    • Like 1

  24. Posted

    4 hours ago, Rory RSC said:

    Whats a stocking loan quota and why would you be penalised for not using funding?

    If you have stocking you still have to make money on the cars you know, its still business.  

    I use funding, I don't have a quota or target, its is my business and my rules. It allows us to hold more cars than we could organically and by using 'their money' I get to make more money for me.     

    I get the panic selling if its coming to an end but at the moment we simply cant buy and sell quick enough seems like anything we buy stick £2/3k on it and its gone in no time.  Cant fathom why anyone with funding wouldn't be aiming to make money.

    Years ago when I was approached by Nextgear, it was made clear that I would have an allocated fund of say £100k, but that if I didn’t hold at least 80% of it in stock I would be penalised with higher rates, extra charges, more inventory assessments blah blah. At which point I politely declined.  If you can make it work for you, that’s great but it’s not for me. If you can put a £3k margin across a car at these prices, again well done.