HuwD

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Posts posted by HuwD

  2. Posted

    18 hours ago, BHM said:

     

    Surely that’s a truer reflection. At the lower end of the market most of the cars that book trade at £3-5K are now making £4-6K. A much bigger rise percentage-wise & the CAP/Glasses aren’t keeping up at the moment - just like poor Joe Public who’ve now twigged there aren’t any cheap cars available & their pound now goes less further than it used too.

    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!

    16 hours ago, Highlinev8 said:

    Cap updates on the 1st of the month. Most cars have been jumping 5-9% a month since around March- April. I think the overall average raise for the year to date is something like 22-24% 

    On top of that you wont realistically buy a desirable car at Cap clean. At the top end of the market cars are making at least 10% over guide. 

    Painful times. I'm hoping someone finds an abandoned warehouse full of semi conductors pretty soon.

    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!

  3. Posted

    13 hours ago, David Horgan said:

    If you tax a car in trade to drive on the road , using the green slip you can use the same number again yes . that cancels the tax you put on the car automatically 

    if you cancel the tax YOU put on the car you wont get any refunds of outstanding tax sent back to you as its in the trade . 

    I YOU tax the car on a monthly direct debit and CANCEL the direct debit before the first payment goes out , DVLA will ban you BANK details forever from doing a direct debit  again .

    Taxing the car in trade does not put another keeper on your car . 

    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.

  6. Posted

    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?

  7. Posted

    On 2/9/2020 at 9:40 AM, Ashley@UKGlobal said:

    Hi, I am a motor trade specialist insurance broker and I would be more than happy to help source the cover you require at a reasonable figure. You can contact me on 07590635644 Thanks, Ashley

     

    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!

    • Like 1

  9. Posted

    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