Scooby who

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Posts posted by Scooby who


  1. They more than likely dont need the car any longer or it doesnt suit their needs, or there has been a new addition to the family (child or dog). They may have tried to sell it, but not getting near what they gave you, and possibly had some tyre kickers out complaing it needed new brakes etc.

    Your probably not be getting the real story.

    I've been here before and people will find every excuse when they want their money back. Sometimes its the only way for a stress free life.

    You could also take it back and have the issues sorted, but there is no garantee they wont be back again in 2 months time with something else.

     

    • Like 1

  2. If its just a regular Zetec or similar spec, then it has drum brakes in the rear. The rear shoes self adjust, or should do more like. If they don't or the drums are full of brake dust then you will get a lot of travel between the shoes and the drums. This travel is taken up by the brake pedal obviously and leading to what might seem like spongy brakes.

    You'll need to remove wheels and adjust shoes either through hole in the drum or by removing the drum altogether, cleaning down with brake cleaner and adjusting. Also check front discs are not lipped, another cause of brake travel. Also check pins that the front calliper slides on. If these are stuck you get issues also. 

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  3. First rookie mistake you made was showing the car with a fault. Any fault, however small should be rectified before you ever advertise or show to a potential customer.

    Another mistake is telling the new customer what parts have been fitted.

    He has lost confidence in the car as it looks like it’s has/had numerous issues in a short space of time. 
     

    My advice is pop round ASAP to his house. Be polite and co-operative. Do a diagnostic scan and if it’s a small issue, fix it quickly and you might regain his trust. 
     

    Otherwise refund, move on and always remember they’re called BM Trouble You for a reason. 

    • Like 1

  4. EV's when 10 years, will be well and truly at the end of their lives as regards their batteries. The cost of a new replacement battery will determine then what they are worth.

    Selling used EV's will be a nightmare, I have experience of it. Even as they sit up on your pitch the batteries will degrade and they will need to be kept charged somewhere between 20 and 80 percent at all times.

    I for one will NOT be in this trade when it goes 100% EV


  5. You have to find the source of the smell. No good masking it, it will return.

    I recently traded in a 2022 Berlingo which was used to transport Greyhounds. Having a decent factory bulkhead I imagined the notable dog odour was just confined to the cargo area. However, on closer inspection I noticed the dogs had been urinating against the sides of the cargo area and it had run under the front seats. Had to remove the front floor covering and foam insulation, wash with odour destroying chemical, dry and then spray down with vinegar to neutralise the urine.

     

     

     


  6. There has to be a law against this surely. IF THERE IS PROOF that is!

    There are laws for every other form of cheating. Be that match fixing or coughing to the correct answers in studio on 'Who Wants To Be a Millionaire'

    Its time it stopped, and time we started making profit from cars, not BCA and the sellers taking all the pie


  7. On 7/18/2022 at 5:25 PM, poor-trader said:

    I guess the question is whether these count as "VAT qualifying" cars. There is actually no difference normally on the VAT you end up paying on a margin car or VAT Qualifying. The nett amount is always the same percentage of your profit.

    Presumably you reclaim the VAT on your purchase and then charge VAT on your sale? You will then be paying the difference between the two to HMRC which will be the same as a margin car.

    To put it another way:

    On a car bought for £5000 and sold for £6000:

    VAT Qualifying: Car cost £4166.67 + VAT = £5,000. Reclaim £833.33. Sell for £6,000 (£5,000 + £1000 VAT). Total amount payable to HMRC is £1000-£833.33=£166.67

    Margin Car: Buy for £5000. Sell for £6000. Profit = £1000. VAT Margin rate is 16.67%. 16.67% of £1000 profit = £166.67 to be paid to HMRC.

    Poor-Trader. Thanks for your input. I think this is where the confusion lies. 

    Is the VAT on these imports calculated as it is on a commercial vehicle or a VAT qualifying vehicle. Maybe somebody here can answer before I run it by my accountant.

     

    I understood that this is how the vat was calculated :

    Example car purchased outside UK

    £10,000 car cost inc Duty

    £2,000 VAT @20%

    £1,000 prep cost

    £2,500 profit 

    £15,500 sale price 

    £2583.33 Vat on sale minus £2000 already paid at point of entry 

    £583.33 owed in additional VAT 

     

    Correct or incorrect? 
     

     

     

     

     


     

     


  8. 17 minutes ago, Blenheim Car Sales said:

    I think you are charged VAT  on the  imported car  as per any other goods entering the country, However you are not charging VAT  out on the sale of the car,

     

    Am i right in thinking if there is a VAT element on the  invoice you receive then you can happily claim this VAT back in the  way you would do on a commercial vehicle, 

     

    Vat is only paid on the Invoice price and the  sale price,  You certainly do not pay VAT twice as you think you do.

    No I am charged VAT at point of entry and this is subtracted from vat total at time of sale. If we can return to VAT margin there is hope of making some profit


  9. I've a question for all the VAT experts on here. Surely somebody knows the answer, because my accountant isn't giving me concrete answers.

    We are buying high value cars from Japan and once they arrive on UK shores there is duty. Then VAT applied under the vat qualifying scheme. Once we sell them to a customer we must collect vat on the full sale price and hand it over when doing our VAT returns. Problem is, it is virtually impossible to make any decent profit for ourselves and we are essentially just an underpaid tax collector.

     

    From reading from the following link: Motoring expenses (VAT Notice 700/64) - GOV.UK (www.gov.uk) I see it is possible to put vehicles under ''Stock in trade'' and then the vehicle goes back under the margin scheme and vat is only paid on our actual profit and not on the sale price.

    I'm wondering if there is a limit to how often one can do this, or can it be done with every vehicle? What are the limitations?

    Any help from someone who has done, or does this on a regular basis would be greatly appreciated.

     Thanks guys!

     

     


  10. On 6/29/2022 at 1:55 PM, metcars said:

    I think a lot of punters believe Toyotas, especially older ones, to be indestructible? They’re not!

    I find they are, but again if not serviced,  or serviced with 'Crisp n Dry' instead of Castrol there may be issues 


  11. Low biting point is very very common on every model of Hyundai. Just fit a new clutch which are very reasonably priced in LUK at eurocarparts. However also check where the clutch master cylinder meets with the clutch pedal itself, on the 2015 i30 this is made from plastic and wears, so the hole becomes elongated and therefore the shaft into the master, isn't getting full travel, If so sort this first.

    7618

     

    • Thanks 1

  12. 12 hours ago, David Horgan said:

    You can buy cars that are VAT qualifying eg bought from new by a VAT registered businesses so VAT was claimed on the new car purchase , 

    When said car is then sold 2/3 years on it still can be VAT qualifying , so another VAT registered business could buy that car or it qualifies for VAT reclaim on export too. 

    BUT if Mr Private who is not VAT registered buys that car when its a used car , then it becomes a Margin VAT sale , Eg the VAT element is within the gross profit from that sale and then the car is no longer ever a VAT qualifying car . 

    If when new that same car was sold to Mr Private who we know is not VAT registered , then that car will never be VAT qualifying at all ever . 

     

    Is that what you wanted explaining Scooby ? 

     

     

    Thanks David. yes well explained and something I was aware off.

     

    Just thought I'd missed out on something from meetings with my accountant. I have a tendency to listen attentively to sentences containing the word profit(s), get alarmed at any sentence containing the word(s) loss, and generally just day dream through the rest 


  13. We put all our stock through the workshop:

    Tyres with less that 2.5 mm are replaced

    Full service to everything which hasn't been done in the past 3,000 miles 6 months. Those that were serviced recently still get air/fuel filter check.

    Brakes with 30% remaining, or less, get the bin.

    We didn't always do this, but over time we have learned its best practice. Biggest problem I see personally is fleet cars with FSH. Had a 2016 A6 in recently with 79,000 miles, impeccable service history, checked fuel filter, never ever changed (dated back in 2016) Air filter was original from factory also which was totally black and full with leaves.

    Had this ended up at an independent garage down the line, it would have come to light it was never properly serviced, (yet showed FSH most from Audi) and giving us a bad name.

     

    Don't know what's going on, are apprentice mechanics too lazy to do a proper service, or are they taking the filters home to sell on eBay or what? 


  14. As you're probably aware in passenger cars its usually in the spare wheel well. In commercials it can be inside the fuse box cover or other such covers in the rear quarter etc. If you want to PM me the reg ill get my local motor factors to bring it up on their system.


  15. I'm guessing they got tired of it. It was obviously getting more difficult to source good stock at a price that made it worth while. The calibre of their stock meant you couldn't just buy 5-10 units per week. I'm sure they struggled last year. The guys are obviously perfectionists too, as the detail they put into prep was astounding. 

    Its a tough game as we know, so I hope they are moving to selling luxury yachts in Dubai or something. 

    • Like 1