Rory RSC

We had no problems getting Funding from nextgear. Nice rep very helpful and knowledgeable about the product. If you are quick to turn your stock ( 5 from 7 suggests you will) it should work well.

That is my view on it Umesh - The figures they have come back with look completely skewed because of this. Thanks Martin - That is actually the format we do things in. Going to have a conversation with them on Monday and get this sorted.

You would think it would be a good place to start but the conversation resulted in more questions than answers. They have suggested not showing the stock funding loan anywhere in the accounts at all. To my mind this just simply cannot be right. For each vehicle purchased on stock funding we are making still prepping the car and each funded vehicle will still have prep money tied up in it which we do account for.

Can anyone assist with a query I have regarding end of year accounts and stock funding. Not sure the correct way in which this should be shown and how to demonstrate this on the accounts correctly. Appreciate any advice.

You don't have to give them the PX back. If you have invested time into MOT testing the car, servicing the car and buying 4 new tyres and a steering rack etc etc then unless the customer wants to pay for all the jobs done then just refund them the invoice price. Got a screamer or just hypothetical Max?

Every car is ready for same day drive away. Cant budget what's needed without doing that. The MOT situation has never been an issue for me as the stock cars will only do a couple of miles once MOT tested. Helps cash flow instead of having loads of cars sat in our yard waiting for collection.

Checked one of my old cars which was sold on 38k @ 2 years old. First MOT at 3 years it was on 28k. hmmm

Anyone bother with Astra VXR's? have seen some good margin out of them recently. Make sure you know a good gearbox recon place before bothering with them though lol.

We always have a new MOT on every car. We have our own workshop and MOT externally. We spread the work between 3 local MOT stations. We always ensure a clean MOT and do any advisory jobs. For the most part we do the work first then put the car into test and have a high pass rate. Changed this so that we now MOT and let the car fail we then do the failure jobs plus advisory jobs and keep a copy attached to the certificate. On a car that passes but for example has an advisory like front pads low or osr tyre low we then replace the offending item and the MOT centre checks over and stamps the test. Combined with a mechanics PDI report and an external MOT I think it would be difficult for a customer to prove a fault was present at the time of sale. Only one customer has mentioned the 30 day right to reject so far. A customer has had the back box fall off a Mondeo after driving almost 2000 miles in 3 weeks. I explained that the fault was not present at time of sale and he came round. The AA recovery guy that came out to him had told him about right to reject....not impressed as the AA cover was provided with the warranty we offer on the car!

Never do well with small cars. Corsa/fiesta/jazz/yaris/aygo anything like that all seem to sit for ages and I end up just getting my money back. First time buyers are so fussy it is unreal.

I must be the only one who gets them next working day? Helps our cash flow I thought more would do the same to be honest. I am quite impatient mind lol.

1 Car you can can always retail quickly, take a good margin out of and don't seem to need big prep bills? For me it has to be Petrol Rav4's. Really low in the book, sell quickly and always do good margin out of them. Most seem to be pretty well cared for with good history. Not many people seem to want them at auctions. Probably signed a death warrant here but never had one come back, yet - touch wood etc.

How long does it take for your funds to enter your account when taking payment via debit card. is it next working day, 3 days etc? Was chatting with a trader at sales the other day and his take 3 days to arrive with him.

Currently 21 cars sold in October and 20 have gone out the door. Today has actually been dead so far though. Not one phone call, only 1 email enquiry, not one viewing and no one has just turned up. Time to get a McDonald's soon as I try to eat it someone will turn up .

There are genuine people who will pay in that way for the vehicle. If you see the card, the person had photo id and a proof of address in reality there will be no issue.

I would do it. Ask for a bank transfer for payment in full and get them to put the reg number as the reference. Alternatively take the card payment over the phone using post code and house number to ensure a match. Then when delivering the car ask to see the card they used to pay along with photo ID. Personally I would be delivering the car as a delivery agent not arranging a test drive etc on the customers door step. In my opinion you are delivering a car that is sold and purchased not travelling 200 miles for a customer to have a think about it and try and haggle you down on price. We have probably delivered 4 cars over the last 6 weeks and they do tend to go smoothly. I always vet the customer as much as possible over the phone, google search the location, ask the customer if they are happy to drop the driver at the nearest station. Most people/customers are nice and not scammers. Get it sold Max another one out the door.

We do a few deliveries and sell cars over the phone. I think also it will play a huge part in the future of the trade. For many people cars are simply white goods. My main concern with them is customers going legal on us and wanting to cancel although as of yet not an issue. I do have very good faith in my cars but sometimes things just go wrong or alternatively customers can be a bit loopy. We had a Mazda MX5 that we delivered from Cheshire to the South coast. Customer was a bit annoyed when they realised it was a 2 seater and not a 4 seater MX5 like the other ones they had looked at in person....

That has just cracked me up.Once something sets me off laughing I can't regain composure.

you can still do that one. It's the mileage checking one which shows pass/fail history of all previous MOTs that's currently offline.

Guy Martin. Owner of one of the big car supermarkets Ford of Winsford/ Available car supermarket would be interesting for me.

I no longer use the Razor sites but what I used to do was in the header text box type Sorry now sold!!! You can then tick a box that stops the car featuring on your autotrader advertising package but still shows on your website for as long as you like. I usually did that until the customer had collected the car and to make us look like had sold a nice few cars.

You know when you get a part ex and you look at it, look at the customer and their angelic little 2 year look back at the car and think you drove that here? From 150 miles away? On a motorway. 1 week later they complain the air con needs re gassing on their new roadworthy purchase.....

Week 1 into October how are things looking ? Not a bad start here but seem to have been hit with loads of really bad PX cars. I try to retail everything whereever possible but have 5 cars that are just beyond that so they will be going through a local cheapie auction tonight.

I use close brothers. Found their rep to be very helpful and knowledgeable. He has taken us on a night out recently and given us a healthy bit of stock funding with some quite flexible options. Motonovo came out, turned their nose up at my premises and never bothered getting back to us. Close have the added benefit of using a broker for the declines which can quite often get placed with high rate companies and are a good means to getting the deal done. Finance commission payments are a nice bonus at the start of each month also, cant complaint about that.

Who on earth takes a Cayman to Kwik fit?