JA Trader

Advanced Members
 View Profile  See their activity

  • Content Count

    751

  • Joined

  • Last visited

  • Days Won

    2

Posts posted by JA Trader

  1. Posted

    1 minute ago, EPV said:

    You can’t SORN a car that’s in the trade. It’s effectively without tax at that point. If you have been paying tax via DD then cancel the DD. If you paid either 6 months or 12 months then kiss goodbye to it. 

    Been paying via DD. So just cancel that.

  2. Posted

    Having a right mind fart this morning. Taking my SLK of the road over the winter to get another car out. Car is still in trade and not in my name as it's a one owner car how do I go about sorning it. Tried last night and the V5 reference wouldn't work

    I am blaming The hangover ......

  5. Posted

    17 hours ago, Arfur Dealy said:

    BMW wheels are generally poor quality, they crack too easily.....

    I swear all BMW wheels are made of chocolate had my 313 Bmw wheels welded 6 times on one wheel all in different spots.

    • Like 1

  9. Posted

    37 minutes ago, Lambchop said:

    Ye I actually have spoken to a local trader who is desperate to get on the pitch, to which was willing to go halfs on all the profits. The pitch could probably hold 50 to 70 cars . But I don’t know if it’d make enough for 2 people. Im sure people on here would know better than me . Plus if I say yes I’m stuck with him and could get trouble down the line . 

    50-70 cars is more than enough work for two people never mind one .........

  10. Posted

    3 minutes ago, Mikey360 said:

    Only 7000 miles if I remember correctly? 

    Call me skeptical  but is it genuine ? This is a ford after all probably not even a cosworth shell :ph34r:.

     

    Just check the mot history online tested once in mid October 7k and failed on 4 tyres. Genuine mileage with proper history goldmine in 10 years ?

  11. Posted

    2 minutes ago, Mikey360 said:

    Talking about old cars fetching mad money, has anyone seen that video on Facebook of the Sierra rs cosworth going through East anglia car auctions last weekend for £80k? :blink:

     

    This is crazy MOT fail on 4 perished tyres if i recall correctly. Cleaning that car will severely devalue it, No longer a barn find then ......

  13. Posted

    20 hours ago, Contracts said:

    Slightly off the original topic but one of our runner cars is a Cat B from 2018.  Citroen C1 Airscape, was lightly shunted in the back but recovered with the soft top left open.  Sod’s law, outside during a weekend of rain, insurers paid out and put on register as Cat B but we bought it back for £450.  

    As we are the only keeper and did not pass the V5 we can keep driving it but will never be able to sell it for road use again.

    Does the current V5 allow it to be taxed ?

    • Like 1

  15. Posted

    Flood Damage above 10 inches above the door line will always be cat B. In my copart days i would never touch a flood damaged car it isn't worth the issues down the line

    If its salt water then it only has to be the height of the sills and its for parts only.

     

  20. Posted

    6 minutes ago, Kieran said:

    It wouldn't be something we would all be doing on a full-time basis, we all have our main occupations. With three of us it makes it much easier for us all to run this on a 'part time' basis, there's 3 of us to attend auctions and collect cars, myself and my friend are able to prepare (wash, mechanical work, etc...) the cars between ourselves, and we can all be available for car viewings etc...

    Whereas if there was say just me, it would be difficult to go car auctions and collect cars. I would have to arrange transport to the auction, or invest in a flatbed/trailer. It would be difficult for me to be available regularly for car viewings, especially out of normal working hours. So by having three people involved it basically allows us to have a full-time business, with minimal risk  (as none of us need/have to give up our normal occupations until the business is proven) if that makes sense. 

    Makes perfect sense and sounds like you have your head screwed on with the plans you want.

    Find the niche and cars that sell for you and im sure it will be a success.

    • Thanks 1

  21. Posted

    7 minutes ago, Kieran said:

    Yeah, we definitely wouldn't be looking to front the business. He would be involved, he started housing development a couple years ago and is looking to get into another business once his next house sells - so it's perfect timing really. Thanks!

    Sorry i wasn't quite clear.

    Having your dad on the policy is perfectly fine in the way your are talking about above. If however you was going to have him as he policy holder and him not be involved in the company that is 'fronting' of a policy

    At this point you are talking about 3 people being involved in the company and the profits my only concern is how many cars you are going to need to sell at 750- 3000 to pay 3 wages ???

    • Thanks 1

  22. Posted

    9 minutes ago, Kieran said:

    Hi guys, I'm a professional detailer, based in a unit, mainly dealing with paint correction and ceramic coatings. Recently, I've been looking into starting up as a motor trader, as I have the space and equipment (all the detailing equipment, plus tools for any minor work) to prepare, buy and sell cars basically - I've also got a great relationship with a garage who can deal with more involved work and MOTs.

    Over the last year or so, I've kind of been buying and selling cars on a private level, bought a Suzuki Swift as a daily runabout on Facebook for £400 drove it for 4/5 months sold it for £650, then got an MX5 for £600 a couple weeks later sold it for £950, then back into another Suzuki Swift bought for £300 sold for £750 a few months later, now in another car which I bought for great price and if I sell it I'm looking at £600 'profit' - this didn't start of as intentional, just wanted a daily car that wasn't going to depreciate and then slowly turned into make a couple hundred here and there. 

    It's something I want to start doing a more serious level, I've been to a few local car auctions with a friend. He's bought and sold a few cars now since August (with my help, but I haven't been financially involved), and we are looking to doing it together. So I'm basically here to reach out to look for some advice, or have any pointers as to where to look for solid advice.

    There's a few things that I'm unsure of of.

    • Motor trade insurance. We're both under 25, which I've been told is going to make getting trade insurance difficult. Would it be possible to have trade insurance in my dad's name, if we involved him in the business? So that he (my dad) would be the main policy holder, and we be additional ones - or is that going to be just as difficult as getting trade insurance ourselves?
    • Responsibilities. Is there anywhere I can find information about the responsibilities you have as a trader? As I'm aware there's responsibilities you have as a trader, when it comes to fixing problems with cars if they have issues after selling them. I've had a good search online and all I can find is the consumer side of things, which doesn't answer a lot of my questions. The cars we will be starting off with are going to be in the price range of £500-3000. So 7+ years old with a fair amount of miles, and cars of this nature are obviously more likely to have problems, so it's something that is a bit concerning for us, and we want to make sure we understand the responsibilities we would have a seller.

    Any advice would be appreciated. I apologise if this is not the right place to ask for advice!

     

    Thanks.

     

     

    Welcome and as said above refreshing to see a nice intro.

    The dad element is 'fronting' unless he is actually involved in the company registered director ETC.

    Have a look through the CRA 2015 and also go and see and accountant and get registered.

    • Thanks 1

  23. Posted · Edited by JA Trader

    After a diesel shitbox for a friend in the north of Scotland ( Lossiemouth but can travel south for collection). He is based out an RAF base up there and has just blown his 16v GTI up.

    Does anyone up that direction have anything cheap they have had has part exchange or something need shot of cheap less than grand even cheaper ideally.

    Happy for a trade sale or sold as spares of repairs ETC

    Oh and it cant be RWD due to his insurance company.

    I would normally find him something myself out of the auctions but the delivery cost to him is killing anything cheap

  25. Posted

    3 minutes ago, RHA said:

    UPDATE  The driver (I.e. not the person who was actually invoiced for the vehicle) has just landed with his wifes brother to the office to "sort this out".  A long conversation with lots of chat about him not knowing it was crashed (before changing that to denial to "doesn't matter if I did- it wasnt written on the invoice". and it had driven his children and his brother in laws children around and they "could have been killed" etc etc. (happy to ignore the MOT's and 60000 miles it had done without incident).   Upshot is he thinks if it hadn't been crashed he could have sold it for 3000 more than he paid for it (yes even 60000 miles later) but he's willing to accept 2000 less than he paid.  We have met him part way to that at more than fair value for the vehicle just to make it go away but he is not interested.  Had left it with him in writing to think about but he refused to even accept the piece of paper.  Has threatened to go to the media and "expose" me. 

    Just another fun day at the office!!

     

    Your Generous i wouldn't be paying him a penny especially as he dosent even own the car. Be interesting to see if his brother in law has in fact sold it to him ??? From a legal standpoint he wasn't your customer so his invoice dosent say SH*T. (I do however get the easy life aspect once took a mini back i really didn't want to just to close the door on it and move on)

    Thanks for coming back with an update intrigued to see how this plays out.