arashtrip

actually it was unclamped in 20 mins

Hi, I just had to tax a car that was in trade (due to the clamping issue as the car was on the road). So I used the V5C/2 ref number to tax it but did not register it in my name. What happens when I want to sell the car? Is the new keeper able to use the same V5C/2 number to tax it in their name. DVLA staff told me no and advised that the new keeper needs to do it at a post office. So, can I still keep my tax active on the car until they tax it themselves or the moment that I inform the DVLA about them as a new keeper, my tax will be cancelled? What is the best course of action in this scenario?

Hi I want to apply for FCA application. I want to know can I do it myself or I need to pay for some firms to handle the application? Also, is there any website I can find model documents for the application? Thanks

Hi, I am a very small car dealer and have some cars to sell and testing various platforms: -facebook: lots of timewasters with silly offers -ebay: couple of calls on the first days of the ad and then it is dead -pistonshead: nothing at all -cargurus: free pacakge. some emails but no further follow up. -AT: over 50 views per day but no call or contact. It is where I am looking for some tips as some users mentioned in the old threads that I need to know how to work with AT. I am posting PAYG on AT as my stock is very limited and does not worth going with a package (although some believes that would make a big difference) Any idea on how to work with AT?

thank you for your advice. my main question was that based on an experience of an establish car dealer it is better to fix and increase the price in similar cases or reduce the price? Are people in general concerned more about the body of the car or the price they pay?

Hi I bought a car into trader that has a body damage (cost circa £1200 to fix) It was a mistake to buy this but now I want to get some opinion or advice on whether: -fix it and sell it for the market value (it will have profit but takes time and incur more financial risk) -sell it with a much lower price (is it attractive to the customers to buy a car with a body damage but much cheaper?) -sell it with trade price and get rid of it? The car does not have any mechanical issues, it has a long mot and was recently serviced

I have two more questions: -which free valuation sites are you recommend apart from AT and Arnold? And which one is more accurate in your view? I checked and it seems for CAP and Glass you need to be a member. -Is there any Professional Indemnity Insurance available for car dealers like some other trades? Motor insurance just covers up to the point of sales but PII will cover you against future damages. Is it a common practice for the car dealers to have such insurance?

thank you so much. I will do the same. Like all other industries there are plenty of dodgy players in the market. I am happy that I found this forum to avoid big mistakes.

yeah you are right and we do not know anything about the above points and it was the reason that in first place I wanted to ask and just thinking loud. About the pricing cannot agree more. I would say your sales skills have a great say in how much you will get. so, no, I am not confused.

It seems that some members like David and Mojo121 are not helpful at all and even do not bother to read the previous comments carefully!!! I am well aware of the consequences of such malpractice and negligence. but I am new and I know each industry has its own common practices and what i've seen so far (I can say over 5 dealers in my area) that they all said with confidence that they did not check the car and as far as it has a valid MOT it is fine! Also when I checked the MOT history plenty of the cars sold by many dealers do not have fresh MOT and some MOTs are over six months old. you can do a simple research in autotrader. On the other hand, i saw in autotrader that a car (say an old vauxhall) is on the market for £700 with plenty of advisories on its MOT but the same model, age, mileage is being sold for £1,600 with no advisories. So I was wondering that what these people do? go to a mechanic. are they themselves mechanic or they just buy clean and easy cars? So, I wanted to ask this question to see what are you guys doing and what is the common practice. Guys like Casper, No Nothing, Row and Lakeside were helpful and I thanked them and said that I would follow their advice. but the above two seems looking for a kind of virtue preaching!!!

very good advice. thank you all.

thanks. so based on your reply i need to increase the price target. what level you feel safer? £1,000? But honestly almost all of the dealers I've seen did not even do a simple check on these cars and when I asked them they said it has a valid MOT! maybe to say they are not good in the market but the fact that they had over 100 cars in their stock means they are at least making something.

where did i say they are not safe??? as i've read here these kinds of cars are more prone to be faulty and so more returns expected. are you going to have a car worth £700 checked by a mechanic? as I visited couple of car dealers as a buyer for these kinds of cars they just rely on MOT and nothing else. are other care dealers really check to make sure no issues with these cheap cars? it is not what i saw in the dealers i've seen Maybe my question should be this: what do you do to make sure (or become more confident) that these cheap cars are fine and wont make a problem?

Hi, I am new to this business and starting my first trades soon. I've read couple of threads here in this forum about what types of car we should focus. Is it a good idea to buy cheap cars (below £1,500) for the beginning as I need lower capital? I know that they may be faulty (and as they are cheap it is not practical to have them checked by a mechanic) but on the other hands they are selling more quickly. In my area Facebook is very popular for car trading and as I can see cheap car ads are removed sometimes in couple of days.

Actually it is very common that there are misleading points in the government forms and no one asked for your advice about my sharpness. So please mind your own business Mr. Smart! One reason I became interested in this industry was the number of stupid car dealers whom I dealt with!!!!