First year trading

[MattS 0]

Hi,

can anyone help? having a bit of a issue

May be a simple answer to it all and I've been overlooking it. Looking to trade part time on my days off from my other job, with having 0 experience and under 25 i have been looking at traders insurance but its expensive for someone in my circumstances, anyone got any idea's how I can get the cars from the auctions home at a relatively small/reasonable cost? or is the solution just to insure every car separately on a short term insurance?

 

any helps appreciated.

[AutoJacob 34]

Where are you located Matt? Do you buy cars locally or from all over the country?

[Tadams 29]

There's a thread about 5 down titled  "TRADE INSURANCE, who do you use? " maybe worth looking there rather than asking the same question again 

[AutoJacob 34]

In all fairness I had zero experience in the motor trade industry (My Brother and Dad have had years of experience), we started out with a niche business model to get the initial money in (focusing on a particular sports model car which seemed to work out quite well for us), we then bought a recovery truck, able to buy cars and garage equipment (tyre machines, balancers, 2 post ramps, etc), moved into our own premise etc.

We now do Servicing & Repairs, Recovery and Car / Part sales.

You don't need a ton of money.. yeah it is an expensive industry but every business is expensive to start these days..

Edited September 8, 2017 by AutoJacob

[BHM 994]

MattS, the only way of doing trade insurance on the cheap when you're a young man is not bothering with it! Obviously illegal but that's the truth of it. I'm afraid any business start-up takes 3 things;

Time

Money

Effort

If you're short of any one of those things then don't bother.

[2freenovati 0]

Good luck on your business mate.