johny1980

Hi All, I currently use RAC for my vehicle history checks (HPI etc). It's £2.99 for a check and + 70p for a valuation and it gets billed at the end of the month rather than individual transactions so it works quite well. However, i was wondering whether there where other sites that provide some additional info. such as optional extras and online digital service records? If not, whats the best way to access online service records in particular other than main dealers? Thanks in advance.

Hi All, I bought a MK1 Audi TT V6 (only 22k miles!) as a personal/family investment for the future a few months back but have now decided i would like to sell it on. I am pondering whether to buy it through my trade business to maximise profit/sale-ability (even taking tax/VAT etc into consideration) and recoup the money back quickly. First question is this allowed/ok to do so? And, if so do i buy it for what i purchased it privately for, or, can i pay a little extra? - I am not really bothered either way tbh , i am just wanting to be seen to do the correct thing. For context i paid 9.5k for it and its easy worth 15K+ Thanks

Probably a point worth making is that if I've actually bought the car and a fault/issues shows up then my mechanic would be the first port of call no matter what kit I've got. Im wanting something to check for codes when i test drive something before purchasing.

Thanks all, I don't mind spending more tbh (say up to £400) But, it's whether I'd get the use out of it. I'm only wanting to know if there are any apparent major faults . I can't imagine myself resetting stuff etc, I'd be scared of breaking something!

Hey All, Its probably been asked before but what's the best tool overall for checking cars? I am a part time trader and had just been winging it with my own judgement and visual checks. But, i got to car sale 34 and have had my first issue that's cost me with a dodgy engine on an A4. Ideally looking for something straight forward to use for up to or around £200 but could go higher. I had noticed the icarsoft pro, I don't know if that's any good Thanks in advance and all the best for 2022

will keep a eye on this one

x2

Not I'm my own experience at all but appreciate it might be different for others.

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.

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.

Plenty going on Facebay and Gumtree!

Thanks so whats the difference between 'qualifying' and 'non qualifying' as there is examples of 20% and 16.67% there?

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%?

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!

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?

Thanks all for very good input. I will be giving it a miss!

Thanks David, I've only recently started out so it does sound like to much hassle/risk at this stage!

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.

Recommended here to.

I am small fry and just starting up but all but 1 of my cars have been purchased through facebook and I have sold 50% through them. Lots of 'chancers' but I would probably have to call myself one when looking to purchase tbh. You can tell a lot from someones profile to so get a good idea of who you are dealing with when it comes closer to actually making a sale or purchase.

agreed

I am just looking into this and was going to go with RAC. How much is Motorcheck?

Thanks Rory / Mat - I am perhaps being a bit apprehensive with the 'warranty pot'. The premise is that apart from the initial loan I do want to keep personal finances totally separate from the business and having a safety buffer in covering any eventuality from the business is appealing. Bear in mind that I am in no particular rush. That said if there is money sat in the bank and I see a car with £'s in I wont be able to resist. I also guess that as stock builds and there are more regular sales there should be money in the account and most points in time to cover any issues!