Rory RSC

Not sure if you ever decided to go for this. I got set up for finance just a bit earlier this year. Like you I was getting enquiries about can you do finance and having to say 'no' to people wanting to buy my cars. I got hold of the local rep from Close Motor Finance and got him to help me do the FCA stuff as it seemed complex. In reality it was not to bad but there was some aspects of it I was not to sure on. His assistance paid off. In the first 4 months we had written £147,000 worth of business for Close. I can say that we would not have turned that over if I could not offer finance. I think we have averaged just over £1100 commission a month and I usually knock stuff out at 5 or 6 % flat. Based on projections over the next 12 Months the finance company will easily pay us commission of over 15k. I would certainly be in the yes camp and think it really adds to the credibility of the dealer offering this service most customers probably expect.

Interesting thread. I am on RAC cars and have so far had 1 phone call since sending my advertising there via my feed. I feed out to all advertising platforms from my Click Dealer website. Motors brings in a few leads for me but probably accounts for around 3-5 sales per month ( total sales average for past 3 Months 40+ cars per month) A touch off topic but AutoTrader really wind me up with continuously telling me how many people are now viewing on tablets, smart phones etc yet when you look at your response tracker you simply cannot break it down to show where your views are coming from. My A/T rep is absolutely useless and is one of the most unprofessional individuals I have had the misfortune of coming across. Arrange visit and does not show up. No calls, emails or anything. 2 Years ago I took out the most basic package of 8 cars. I am now holding up to 30 cars. Within 12 Months I will be at 50 cars. Same story no sense of being a valued customer just treated with the usual contempt.

This must only be for assured cars it will not be every car. I feel recently certainly over the last 12 months a lot of the auctions are really trying to boost the online buying experience. Manheim assured cars now come with a 3 day guarantee for the parts their check covers. This includes you having taken the car away auction. The only thing I find off putting with some auctions assured schemes is the quality of the person conducting the check. They are not mechanics and the individual checking can be as qualified as 'Keiran' my valeter. Over the next 12 Months I think SMA and BCA will improve their grading system and things are all going to be geared up towards enhancing the online buying experience as a whole.

You can insure the car where ever you like. The car must have adequate cover and should be insured fully comprehensively if you have a finance agreement on the vehicle. The manufacturer cannot dictate where you must insure the car. Politely decline and explain you already have insurance now arranged.

Hi Jim, I would appreciate a few pointers and things you feel work. I have sold a few cars through Facebook and done a few sponsored adverts and that sort of thing. Any feedback and help will be gladly taken on board. Thanks, Rory

I get the odd car like that. Nothing wrong with it, priced right, good photo's and sometimes just not a email, phonecall or even a daft 'whats your last price / best price bruv innit' call. Could buy another one like it and it will fly out. Bizarre old world selling cars sometimes.

Yes Sparky I head up most Wednesdays. I tend to bring 2 or 3 lads with me and bring the cars back. I would say even factoring in transport, getting there etc etc I still have the cars on site cheaper than buying from say Leeds, Mansfield, Bham. My business partner is convinced I only make the trip to Kinross for the free canteen food voucher.

One of the most important lessons I learned when selling cars was taking a loss and moving on from it. It happens from time to time. It happens less frequently now. Every so often you just get a pup. But you make sure you buy right next time. The profit is in the buying IMO you have to buy right.

Everytime I send anything to auction that is the case. I go up to Scotland and buy out of SMA Kinross most weeks. Stick a John Clark Group sticker in the window and they go for daft money.

I have taken an immaculate 318CI 2004 M Sport on Saturday , an MX5 last week and a Pug 308 HDI on Saturday. All px. They will all go. Best get stocking up on 4x4's now....

I will drop you an email when I get a moment. Not all that far from Stoke I am based over at Sandbach, Cheshire. .

Are you still looking for further information?