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About johny1980

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    Independent dealer
  • Dealership/company name
    Stonehaven Vehicle Sales LTD

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  1. Not I'm my own experience at all but appreciate it might be different for others.
  2. Yup I get what your saying. But, I've dealt with plenty of nice people through these methods. And, come to think of it most of the Messer's I've experienced have been on the phone. No matter what the channel of contact you can pretty much tell when someone is wasting your time and act accordingly.
  3. Yep marketplace does have a higher percentage of timewasters. However, I have arranged plenty of sales through texts, messenger & email without talking to customers until they turn up to inspect/buy. It is the way of the world these days and I suspect some of you will be missing out on sales down the line with your stances but appreciate it's your right to do business how you choose.
  4. Plenty going on Facebay and Gumtree!
  5. Thanks so whats the difference between 'qualifying' and 'non qualifying' as there is examples of 20% and 16.67% there?
  6. I am a part time trader remember and look like i will be hovering around the 85K mark in my first year of trading, although with things slowing down over xmas a little i should be ok this year if i continue to stock <4k cars. To confirm is the VAT rate for car dealing 16.5%?
  7. Thanks, So i am guessing you can claim back VAT on purchases from other VAT registered businesses or auctions. But, all of my car purchases are from 'Joe Public' so i am guessing i can't claim VAT back in that scenario? On holiday until the new year but i will be cheers Yup starting to think that but i either 'stunt' growth or just go for lower value cars. I am buying around 3k and selling for 4k at the moment on average so not sure id want to go any lower!
  8. Hi, As a reminder, i set up as a part time LTD company back in July. Things have been going well and if the same trends continues i will be on the borderline for VAT registering in Jul 21. I could intentionally slow things down to stop me going over but have been weighing up the pros and cons. What i do understand is that i can claim vat back on bills i have paid. What i don't quite understand is how it works the other way round. Do i have to pay VAT on all profit from sales + corporation tax..... Essentially paying tax twice?
  9. Thanks all for very good input. I will be giving it a miss!
  10. Thanks David, I've only recently started out so it does sound like to much hassle/risk at this stage!
  11. Hi All, I note some dealers offer a service for selling customer cars, ie a fixed fee or percentage. I'm just wondering how it works in regards to the service itself and the accounting in particular. It's something I am considering but I presume you are taking on the warranty risk? Any input welcome.