Arfur Dealy 823 Posted September 15, 2018 3 minutes ago, stockedup! said: I started in the mid eighties as a young buck straight out of school with no decent qualifications. It was more about the cars I got to drive at a young age, XR2's XR3i's 205 GTi's Astra GTE's. The money was also very good for one so young. We had a freedom back then to actually learn the job, dealing with traders and valuing our own cars etc. As time went on the more controlled and regimented the job became, some groups didn't want experienced people....they wanted people who could follow their "process". I was fortunate that I always worked for smaller multi franchise dealers who weren't as rigid as long as the results were there! The hours were crazy though,,,,,,welcome to the motor trade, but it does get in your blood.I decided to go on my own when manufacturers started employing graduates to come into your business to tell you how it should be done, they didn't have a clue. most had never even sold a car. Making money is why I do it and it is what I know. Being your own boss is fantastic and I try and focus on the good punters out there and give them a good experience. That’s a mirror image of me, started as a Saturday boy car washer at 15, one of the first PX’s I bought was a Mk1 white XR3i for £300, then a Moggy 1000 in dove grey... Oh and a Nissan Cheery Europe with the Alfa engine... Share this post Link to post Share on other sites
stockedup! 63 Posted September 15, 2018 Bet you wish you had that old XR3i for £300 now Share this post Link to post Share on other sites
tradegirl 112 Posted September 15, 2018 3 hours ago, Stalker said: Don’t talk to me about the birds.... our stock has been blitzed by blackberry eating birds! I thought it was just us! What is that stuff? It's disgusting but incredible! Share this post Link to post Share on other sites
Lucas 9 Posted September 16, 2018 2 hours ago, tradex said: You can find insurance for anything, and do it on the moon, if you wish to pay, don't give up 2 hours ago, tradex said: You can find insurance for anything, and do it on the moon, if you wish to pay, don't give up 2 hours ago, tradex said: You can find insurance for anything, and do it on the moon, if you wish to pay, don't give up 2 hours ago, tradex said: You can find insurance for anything, and do it on the moon, if you wish to pay, don't give up 20 hours ago, NOACROSS said: The title of the post and a sense of humor? ;0) Thanks tradex. Will try next week. Until all the insurance companies say no. Share this post Link to post Share on other sites
Lucas 9 Posted September 17, 2018 (edited) Finally, I have to give up just because I couldn't get the motor trade insurance. All the insurance companies and brokers rejected. They requested at least held a one-year UK full driver license and lived in the UK two years or more. I won't be able to meet the requirements until next year August. So, I have to change to other business. Thank you for all the advice. You guys are awesome! Edited September 17, 2018 by Lucas Share this post Link to post Share on other sites
It's me 615 Posted September 17, 2018 55 minutes ago, tradex said: I have a magic bean plant in my back garden, is this any help? get rid of it quick under eu rules defra have to come round and shoot anyone in possession of such demons 1 Share this post Link to post Share on other sites
Lucas 9 Posted September 19, 2018 I GOT MY MOTOR TRADE INSURANCE JUST NOW!!! I am so happy. Even it is very expensive for £6,917 a year. But, I finally got it! Thank GOD! And a big THANK YOU to all of you. Never give up! Share this post Link to post Share on other sites
NOACROSS 414 Posted September 19, 2018 Wow. I don't know what to say (well I do but I won't).. Good luck Lucas, do let us know your next steps and if we can help with anything! 1 Share this post Link to post Share on other sites
Stalker 180 Posted September 19, 2018 This has to be a wind up surely...... ? Share this post Link to post Share on other sites
MattR 177 Posted September 19, 2018 22 minutes ago, Stalker said: This has to be a wind up surely...... ? he sounds stupid enough to set up as a car dealer 1 Share this post Link to post Share on other sites
Dave2302 387 Posted September 19, 2018 2 hours ago, Lucas said: I GOT MY MOTOR TRADE INSURANCE JUST NOW!!! I am so happy. Even it is very expensive for £6,917 a year. But, I finally got it! Thank GOD! And a big THANK YOU to all of you. Never give up! Good on yer Best of luck to you, keep us posted how you are getting on Share this post Link to post Share on other sites
Mark101 536 Posted September 19, 2018 2 hours ago, Lucas said: I GOT MY MOTOR TRADE INSURANCE JUST NOW!!! I am so happy. Even it is very expensive for £6,917 a year. But, I finally got it! Thank GOD! And a big THANK YOU to all of you. Never give up! Nice one Lucas - congratulations. I guess you only have £193,083 to invest now. EPV was right, this trade can turn £200k in to £100k. Seriously though, good luck. 1 Share this post Link to post Share on other sites
Del Boy 76 Posted September 19, 2018 3 hours ago, Lucas said: I GOT MY MOTOR TRADE INSURANCE JUST NOW!!! I am so happy. Even it is very expensive for £6,917 a year. But, I finally got it! Thank GOD! And a big THANK YOU to all of you. Never give up! May I ask what sort of cover you have got for that money? I.e vehicle value? Liability insurance? Premises etc? Share this post Link to post Share on other sites
Lucas 9 Posted September 19, 2018 (edited) Looks like it included Third Party Liability & Vehicles on the road. No premises yet. Edited September 19, 2018 by Lucas Share this post Link to post Share on other sites
tradegirl 112 Posted September 19, 2018 Lucas, you paid £7000 to get a motor trade policy before you've even made a penny as a trader, and with no experience? Why not sell 2 or 3 cars privately and wet your feet, and then proceed? Better yet, if you're so adamant you want a partner, wouldn't they havea trade policy they could add you on?? 1 Share this post Link to post Share on other sites
justina3 518 Posted September 19, 2018 I feel a bit guilty now moaning about my £2k policy 1 Share this post Link to post Share on other sites
Arfur Dealy 823 Posted September 19, 2018 This is a wind up surely Share this post Link to post Share on other sites
Arfur Dealy 823 Posted September 19, 2018 8 minutes ago, tradex said: Plus one No, that’s Benji.... Share this post Link to post Share on other sites
It's me 615 Posted September 19, 2018 £20 a day to insure against 3rd party losses sounds a bargain considering what the OP has told us think about it would you roll the dice if you were looking at the risk well done for getting someone to take you on Share this post Link to post Share on other sites
Lucas 9 Posted September 19, 2018 1 hour ago, tradegirl said: Lucas, you paid £7000 to get a motor trade policy before you've even made a penny as a trader, and with no experience? Why not sell 2 or 3 cars privately and wet your feet, and then proceed? Better yet, if you're so adamant you want a partner, wouldn't they havea trade policy they could add you on?? Thank you tradegirl. Yes, you are right. But I just have no any other ways start with. So, just simply start it by registered as a limited company. Then I found that I need a trade plate. And then I found that I need motor trade insurance to get the trade plate. Plus, when I am trying to register as a trade buyer in BCA, they also need the motor trade insurance certificate. All right, I got it finally. I tried 20+ providers in the past three days. Only one take my order! It's okay. I don't mind to take the risk to get the business on track. 1 Share this post Link to post Share on other sites
Del Boy 76 Posted September 19, 2018 33 minutes ago, Arfur Dealy said: No, that’s Benji.... Hahahaha got me good that one Simon! Haha Share this post Link to post Share on other sites
It's me 615 Posted September 19, 2018 Just now, Del Boy said: Hahahaha got me good that one Simon! Haha i wish i had his hair Share this post Link to post Share on other sites
Del Boy 76 Posted September 19, 2018 1 minute ago, boring dave said: i wish i had his hair Who’s? Simons? Na he wears a syrup. Share this post Link to post Share on other sites
It's me 615 Posted September 19, 2018 11 minutes ago, Del Boy said: Who’s? Simons? Na he wears a syrup. Share this post Link to post Share on other sites
