justina3

Indeed very valid point, same as any borrowing for me it should be used short to medium term with a plan to wean yourself of it and build your own fund.

The cynic in me cant help thinking what a neat set up this is, sell a car grade 3 to a dealer the dealer then puts it on plan spends there own money to turn the car into grade 2-1, all of a sudden you cant pay and bca turn up collect the car put it through the ring as a grade 1-2 for clearly more money charge the dealer for the default and collection re-action fee admin costs ect invoke the personal guarantee if the dealer cant pay. I have seen far more riskier investments.

The costs in that would be mind blowing, you would need a court order to set aside any pending action which alone would be straight into tens of thousands. Being morally correct doesnt always = a win against deep pockets.

A very valid point however if you think this through the courts can only ever act on legislation as it stands so personal guarantees will stand, i could never see government changing that statue it would make borrowing almost impossible and the economy would have even less options to recover. In my earlier post didn’t mean to sound flippant 1.5m is way above my pay grade that would give me sleepless nights that’s for sure. a lot of dealers would rather not discuss such matters in the open forum maybe you would get more answers if you joined the forum and asked a similar question in the dealers only section. hope it works out for you however this shit show unravels.

Think it was only to be expected, they played there cards very close to there chest and waited for the government to give out loans like they where smarties.

If you have big enough pockets or balls to buy a merc auto with no report at all crack on, he who dares rodney and all that.

Ones that offer the margin vat scheme are far and few between and mostly then there just bolt on's have you priced the basic service with your accountant ? it shouldnt cost the earth and they can wiz through it.

I don’t see what rules are being broken, we have a fully prepared workshop opened to service and repair any front line workers vehicles so far we have changed a battery hardly a money spinner but hey ho, now we have people wishing to view a car via a click and collect type system who is to say there not front line workers I didn’t. Two of the customers have already asked could we hold onto the cars should they like them until lockdown is over. And to be honest if anyone moans about it just have a look outside your local b&q or corner shop our local corner shop has now added outdoor bbq,a and compost outside his shop and is doing a great trade, hardly essential purchase yet nothing is said to them.

At ours and just applying common sense.

I agree with Rory plenty of noise coming in now from advertising got three viewings firmed up for next week already, there are far to many people who talk themselves into misery these days. top tip I have discovered during this carnage is that reading constant negative news will make you negative and you won’t even know it has done it.

An hour a day in here reading this dribble.

Out mot station / garage has gone back to taking kids from college and training them up in house the shortage of skilled staff is a real problem for them.

agreed, i have seven to do the garage we use already has a backlog of work to get stuck into.

Times are different now, road tax on these big cars would scare most people off who are used to paying £145 a year no matter how cheap the car is, and whilst petrol is currently low the public are not that stupid to think they will stay low forever, the tech is quite heavy also again the public would worry about taking it to the main dealers instead of dave down the road to be fixed. Even Yoda would struggle to call the future.

This kind of chat is one of the main reasons i have decided to limit my interaction with the media be it news or social media. Its all pure guess work, one person i looking at a massive downward trend others see it people having more money to spend and there cars failing due to sitting for 3 months, holidays cancelled and not to forget main dealers are going to be giving cars away, the boffins in charge have no doubt some scheme to get the country going again. its not good for the mind in my view sitting around dreaming up various options for this that and the other. And on that note i am off to find something to paint, have a lovely weekend. PS James, whilst i fully understand the need for adverts it was impossible to reply to this on my phone as the adds kept covering the reply button.

Welcome back dave, you have been missed forums are full of dribble attention seekers.

I don’t quite follow the logic bad soon as restrictions are lifted every man and his dog are going to be out and about after going stir crazy therefore the risk is going to be doubled

It’s all as clear as mud. seen a YouTube video last night of some legal boffin advising half the restrictions are so vague there almost impossible to hold up in court.

The criteria from what i read seems clear enough, you have to be a registered retail business, you have to have a business rates bill in your name or business name, which has to form part of an exemption of some sort then you can claim the grant. Think in your case you might struggle, this could be a Welsh only thing mind as English folk seem to have some different options open to them.

There should be a law against companies like this disgusting how people work there and sleep at night amazes me.

We emailed all our customers advising of an extension as long as the mileage hasnt trebled.

who needs money you can’t spend it on anything

Hang on whilst i check my crystal ball,

I went for the easier option of my bank account records and copy of letters sent to the staff, clearly shows a dead stop bar a few month end payments from trade accounts which follow the same pattern every month.

Very different experience to mine, last couple of years no matter how much I shop around my quote is always gone or take a few percent. Only thing I can think of is once you get maximum ncd the market has little left to give.