HuwD
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HuwD last won the day on July 5 2021
HuwD had the most liked content!
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1 NeutralAbout HuwD
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Your industry
Independent dealer
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Dealership/company name
RDM
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Makes you think there's a motive for a lack of fuel for the average user in order to convert to the wonderful world of 100 mile range and electric. Especially when you read story on front page
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Will the used car prices crash or is this the new Norm?
HuwD replied to asj09's topic in General Dealer Chat
Yeah agreed I have only seen that big a jump once though and that was back in June or July. There have just been smaller incremental rises but suppose they've had to balance it at a different point. It's all facetious anyway because CAP seem so far out and potentially just push the likes of the Mini to fetching potentially £22k at auction now instead of £20.5k as CAP clean seems the barrier for entry for many traders at present! Yeah it's unbelievable. Valued a basic diesel Ford Kuga on a 70 reg this morning, 27k! At a year old!! Bought the same reg in auto in January for £20k, CAP clean £21.5k and today it's £28.2k! -
Yeah I've had that problem a few times. Good to know that if you own the car less than fourteen days and cancel the direct debit before you won't be banned and if you cancel it less than twelve days before they won't even call for the money.
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Will the used car prices crash or is this the new Norm?
HuwD replied to asj09's topic in General Dealer Chat
Prices seem to have jumped overnight in the cap guides but not all have updated. 2019 mini we have jumped from £18900 to £20750. Bonkers -
As soon as you register the car to a new keeper your tax gets cancelled. Important to note that if you sorn the car you can't tax again within five days I believe without phoning DVLA.
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Hi all Any advice appreciated. Picked up a Qashqai from a main dealer, unit stocking hasn't dropped off for me to move on as there is a small balance left on it despite agreement ending several months ago. Dealership have said they've done everything but RCI refuse to give clearance as there's a balance outstanding. Been back and forth with numerous calls for a fortnight, any thoughts or advice?
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Would you mind me giving you a call Monday? New to the trade having dipped my toe in the water for the last year or so but starting seriously and for two cars insured at any time, max value of £35k each at 27 years old comes out at about £3600 at the minute!
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Amazing. Thank you both so much. Accountant seems to be struggling with the volume I'm looking at trading with etc so the correct advice is invaluable.
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Hi all, After some help if possible. New to the trade and needing to be VAT registered. In the instance of purchasing cars, how would I register vehicles that have been bought within the trade from VAT registered dealers into the VAT margin scheme? I have been purchasing from main franchise dealers largely for resale, and on purchase invoice sometimes it deducts VAT and others it does not which would obviously separate those which will reclaim and will claim on margin scheme. Is it possible for those that reclaim VAT as shows a split in invoice to be registered under the margin scheme or would full VAT be payable? Any advice appreciated, thanks all