Dylan

Thanks Rory for your input. By the way I saw the post before your sneaky edit haha. And yeah when I think of it like that, I think my main problem is the fact that at the auction center I go to, the prices are seriously high, makes me wonder how people make money on them, I saw a 57 Corsa D with either 70 or 80k on clock go for £2250. I think the main problem is my source of cars. But at BCA if you dont buy any cars, the fees wont get cheaper. Thanks for your reply! Thanks for your reply, I think this is what I'm going to do try to buy privately, but when I think gumtree or ebay I just think of people asking over the odds for their cars. Is there actually money to be made privately buying? And yeah this post is real, but I can understand why people think its a joke, i do aswell. I made more in 1 week at my job then the total profit ive made car trading.

I do try and go for 5 door hatchbacks, here's what ive bought, spent and sold for in the past month and a half. A 1.8tdci Mondeo (2007) it had 149k on the clock, probably my riskiest buy but I paid £1578 including fees, then I sold it for £1700 (advertised at 2000, for a about a week). Then I got a Corsa D, 81k on the clock, 1 year MOT. Cost me £1870 total. Sold for £2000 2 weeks later, and I've just now got rid of a Seat Leon 1.6, 118k on the clock (petrol). I originally got it for £1365 which I was over the moon with cause I knew including an MOT, which it needed, I would make a few hundred on this car but the MOT was a kick to the teeth and cost me £250 which stood me at £1615, which I sold today for £1700. Also, I'm not sure if this matters, but I only have 1 car at any 1 time, should I buy more cars at once? I'm not sure this is my problem if I cant manage to shift a car and make decent profit on it, so buying 2 wouldn't make a difference? By the way, I really do thank you for your advice, you're helping me more than you know!

Yeah, so far I've been rubbish at car dealing as you can tell. I feel I know my cars and cars value but I have to somewhat overpay on cars to win them which leaves me with next to none profit. Thanks for your advice.

Thank you so much for th advice I really do appreciate it. And yeah the thought of people not saying anything was in my mind but you don't ask you don't get, right? My average car usually costs about 1300-1800. But I am going to search for some small independent auctions and try those out but I have a fear of them selling bad cars that could be massive headaches. As for the warranty I have been giving the 3 months and as of yet no one has had a problem fingers crossed. I really do not want to give up and will do whatever it takes, it might sound a bit eager but I don't want to be trading from home for long I hope to have a small car lot one day. As for the limited company do you think it's what I should do, even though I'm making very little profits? Anyway I think my first plan of action is to try some local independent auctions. i really do appreciate your reply, thanks!

Ive been reading these forums for close to a week now and decided to make an account and ask some real motor traders if im doing anything wrong, or even right! So, I seriously disliked my job but loved cars and decided to get into motor trading about a year ago, i done months of research but only decided to start buying about 6 months ago. I'm just a small trader who trades from home but I would love to turn it into a full time job. As of now, in the past 2 months ive spent roughly £5,500 on cars (from BCA, silver card holder). But ive only made about £400 profit. Heres what I do from start to finish. Day before an auction I read through their catalog and write down some cars im interested in, day of the auction I go check them out and 50% of the time I do end up getting one, I take it home, clean it and stick it on Gumtree (good pictures, descriptions). On avg. it takes me about 1 week to sell the car and I make about £100-£150 on each car, now If I want to turn it into a job obviously I couldn't on that profit, so Im just looking for literally any advice from some real motor traders. Where I think I'm going wrong is I'm paying to much for cars, for example traders can spend more on a car because they own car lots and can afford to bump up their price and have the car for weeks or even months, where as I can't so I'm forced to drop the price for a quick sale. Also, not to mention auction fees are killers. EDIT: I just realized I think I posted in wrong forum . Sorry!