Come on guys, I did buy the magazine...

[EPV 631]

1 hour ago, Stalker said:

Come on Justin, how many of these start up threads do we get. And they all ask the same thing. 

What they really want to hear is that it’s easy and you can become a millionaire instantly. 

Give him a break, he said he's bought the guide and he's clearly doing a bit of sensible homework.

[Stalker 180]

7 minutes ago, EPV said:

Give him a break, he said he's bought the guide and he's clearly doing a bit of sensible homework.

EPV.... I’d have thought you of all people would have liked my optimistic reply.... you constantly complain about the negative grumpy pessimistic replies on this forum. 

I agree, however he’s ignorant to the fact that all of the profit in this job is in the buying.... not the selling. 

[EPV 631]

5 minutes ago, Stalker said:

EPV.... I’d have thought you of all people would have liked my optimistic reply.... you constantly complain about the negative grumpy pessimistic replies on this forum. 

I agree, however he’s ignorant to the fact that all of the profit in this job is in the buying.... not the selling. 

Optimistic 

Well yes, it is but he doesn't yet know much about it all so I guess he's just working out whether he can make money. Justin's suggestion is the best, buy a car and find out...

[trade vet 697]

3 hours ago, EPV said:

You can’t work it out as a margin percentage per car. Don’t bother trying it’s a waste of time. A 5k retail car may yield a 20% nett but a 15k car probably won’t. 

Nobody is going to discuss their margins on an open forum mate, I speak regularly to a few off here and it’s taken dozens of phone calls and months to trust even each other with such information. 

I will tell you that no one I know, including me, is working for £240 nett on a £10k car. £1k nett on a £5k car isn’t fantasy. You just need to work smart to get it. 

Good luck if you join in the party. It’s hard. Very hard. But I personally love the job.  

Hi James

When you get your year end results ( vat not included) and you divide cost of sales with the no of cars sold ,I can guarantee that you will get a shock.I am pleased that you love the job,Unfortunately that may change to love the challenge and then to this job is crap.

[EPV 631]

1 hour ago, Mark101 said:

Are you saying he has you licked?

Bit of a flakey joke there mate 

Just now, trade vet said:

Hi James

When you get your year end results ( vat not included) and you divide cost of sales with the no of cars sold ,I can guarantee that you will get a shock.I am pleased that you love the job,Unfortunately that may change to love the challenge and then to this job is crap.

You're assuming that I don't know what my costs are. I do. Fixed and variable. My year end results won't come as a shock to me.

1 hour ago, Arfur Dealy said:

This intrigues me..... what cars are you saying under say 15k carry a 4k realistic CAP retail margin ? I certainly don't know them...... 

Are you saying your stock is carrying close to 4k margins ?? 

There's also finance commish to consider. It's not a work of fiction to say a £13k retail car can nett £4k when you add commish into the equation.

Not saying that's every car obviously. 

[trade vet 697]

11 minutes ago, EPV said:

Bit of a flakey joke there mate 

You're assuming that I don't know what my costs are. I do. Fixed and variable. My year end results won't come as a shock to me.

Most of us think we know how much it costs us to sell a car and then find out that we are wrong having been presented with annual accounts.You could be in the minority !

[EPV 631]

Just now, trade vet said:

Most of us think we know how much it costs us to sell a car and then find out that we are wrong having been presented with annual accounts.You could be in the minority !

Maybe I just pay close attention to that kind of thing. Not saying you don't. Maybe others don't. Maybe people tell porkies when it comes to filing accounts. Maybe.

[Arfur Dealy 823]

32 minutes ago, EPV said:

 

There's also finance commish to consider. It's not a work of fiction to say a £13k retail car can nett £4k when you add commish into the equation.

Not saying that's every car obviously. 

Nett 4K ?  Are you absolutely sure ? 

[EPV 631]

Just now, Arfur Dealy said:

Nett 4K ?  Are you absolutely sure ? 

Positive. I'm not saying its a daily or weekly occurrence mate. But it's possible. There's only one way I could know that for sure. You can figure out how, I imagine. 

The chunky finance comms is the cherry on the cake, well, the icing and the marzipan as well 

Just to re-emphasise, I'm not saying it's the norm. But it's definitely not a work of fiction either.

 

[Arfur Dealy 823]

1 minute ago, EPV said:

Positive. I'm not saying its a daily or weekly occurrence mate. But it's possible. There's only one way I could know that for sure. You can figure out how, I imagine. 

The chunky finance comms is the cherry on the cake, well, the icing and the marzipan as well 

Just to re-emphasise, I'm not saying it's the norm. But it's definitely not a work of fiction either.

 

James, giive is the details of the last 4K nett you made. 

[Nick M.K. 574]

1 minute ago, Arfur Dealy said:

James, giive is the details of the last 4K nett you made. 

Can I guess? A big german executive saloon from Ingolstadt with an Auto gearbox and a missing history which was all there in the end. The sort of thing some people would run away from but London buyers run towards. Attaboy! 

[Arfur Dealy 823]

One off’s happen, yes, but 4K nett.... ? Do you know how much every car you sell actually Netts you. Divvy up your actual earnings minus all taxes at the end the year and divide it by #s sold. You then know your average unit value. 

[EPV 631]

6 minutes ago, Arfur Dealy said:

James, giive is the details of the last 4K nett you made. 

I haven't. But on another day, I would have. The car had £2800 nett in it, bought £1000 under clean, a few days before Christmas, in what may be perceived as a difficult colour. 4 alloy wheel refurbs and a new ticket and service and it sold £1500 over cap retail l (it was booking wildly wrong) to the right buyer who was very close to having the entire £13k car on finance (£1400 comms) but sadly got approved for a more attractive unsecured loan that 90% of people would not have been able to get but owing to her job and relationship with the bank they gave it to her. I was a bit disappointed

So on another day, with the wind blowing in the right direction etc. The point I'm making is that it's not a work of fiction. Again, not a regular occurrence. But very achievable with a bit of luck.

[Arfur Dealy 823]

Nick,  EVP please share your most recent 4K nett cars.. 4K nett, I repeat earned you 4K nett. 4K in your pocket..

[EPV 631]

14 minutes ago, Nick M.K. said:

Can I guess? A big german executive saloon from Ingolstadt with an Auto gearbox and a missing history which was all there in the end. The sort of thing some people would run away from but London buyers run towards. Attaboy! 

Almost. A slightly smaller German Coupe from Inglostadt in red with black wheels with excellent history that everyone was either sleeping or drinking mulled wine when it went through a very quiet auction up north.

[Nick M.K. 574]

2 minutes ago, EPV said:

everyone was either sleeping or drinking mulled wine when it went through a very quiet auction up north.

They serve mulled wine in their auctions? We definitely have some catching up to do here...

[Arfur Dealy 823]

1 minute ago, EPV said:

Almost. A slightly smaller German Coupe from Inglostadt in red with black wheels with excellent history that everyone was either sleeping or drinking mulled wine when it went through a very quiet auction up north.

What do you buy it and sell it for ? 

[EPV 631]

1 minute ago, Arfur Dealy said:

What do you buy it and sell it for ? 

As above mate.

[Nick M.K. 574]

20 minutes ago, Arfur Dealy said:

4K nett,

Sorry, James said nett, I just said £4K.

This forum is too open for my liking to post everything like I used to in the old AT forum but please check your sky email. 

[Arfur Dealy 823]

When I hear tosh (no offence) I’m like a dog with a bone. When I hear a 4K net profit is realistic on under 15k cars alarm bells ring.  

 

[EPV 631]

5 minutes ago, Nick M.K. said:

Sorry, James said nett, I just said £4K.

This forum is too open for my liking to post everything like I used to in the old AT forum but please check your sky email. 

I was very reluctant to post all of that because you’re right it’s an open forum but also because people either think you’re lying or bragging and i’m doing neither. But AD asked and I felt a little awkward but I said it. 

I don’t know why we have the conversations. Like I said you’re perceived to be lying or bragging and neither are a desirable trait. For the most part I pay my bills, pay my VAT, put enough aside from corp tax and a little for personal tax and the rest is my income. I left a highly paid job to do this and i’m still doing it and I haven’t had a significant drop in lifestyle. 

People can believe what they want I suppose. Or not. I’m not here to brag nor do I lie. 

4 minutes ago, Arfur Dealy said:

When I hear tosh (no offence) I’m like a dog with a bone. When I hear a 4K net profit is realistic on under 15k cars alarm bells ring.  

 

No offence? I’d like to say none taken but as I said above I don’t lie. I would have thought having spoken with me a few times now you’d know i’m not the type to talk “tosh” 

[Arfur Dealy 823]

7 minutes ago, EPV said:

I was very reluctant to post all of that because you’re right it’s an open forum but also because people either think you’re lying or bragging and i’m doing neither. But AD asked and I felt a little awkward but I said it. 

I don’t know why we have the conversations. Like I said you’re perceived to be lying or bragging and neither are a desirable trait. For the most part I pay my bills, pay my VAT, put enough aside from corp tax and a little for personal tax and the rest is my income. I left a highly paid job to do this and i’m still doing it and I haven’t had a significant drop in lifestyle. 

People can believe what they want I suppose. Or not. I’m not here to brag nor do I lie. 

No offence? I’d like to say none taken but as I said above I don’t lie. I would have thought having spoken with me a few times now you’d know i’m not the type to talk “tosh” 

James, I’m not questioning your integrity, I’m doubting your maths. 

NET....... what’s its actuality earnt you minus all deductions. 

[EPV 631]

6 minutes ago, Arfur Dealy said:

James, I’m not questioning your integrity, I’m doubting your maths. 

NET....... what’s its actuality earnt you minus all deductions. 

Yes, thanks for the doubt but if I told you that in my previous life;

I was the sole person responsible for the financials on a series of multi million pound construction projects, including a £30m one. That means dozens of subcontractors, multiple spreadsheets, monthly profit/loss projections and reports, sub contractor payments, applications to the client for monthly payments, dealing with our accounts team meaning self assement tax, self billing invoices, pro forma invoices, cash flow projections, vat, paye and on top of all that I was self employed meaning corporation tax and person income tax liability plus I was VAT registered, then hopefully you can see that I can add up and keep track of a few simple costs associated with one business. 

[Arfur Dealy 823]

5 minutes ago, EPV said:

Yes, thanks for the doubt but if I told you that in my previous life;

I was the sole person responsible for the financials on a series of multi million pound construction projects, including a £30m one. That means dozens of subcontractors, multiple spreadsheets, monthly profit/loss projections and reports, sub contractor payments, applications to the client for monthly payments, dealing with our accounts team meaning self assement tax, self billing invoices, pro forma invoices, cash flow projections, vat, paye and on top of all that I was self employed meaning corporation tax and person income tax liability plus I was VAT registered, then hopefully you can see that I can add up and keep track of a few simple costs associated with one business. 

That’s cool..

As I said, I don’t question your integrity. I’m just completely amazed that you have somehow managed to NET yourself 4K on one deal. Please tell us the story...

[EPV 631]

2 minutes ago, Arfur Dealy said:

That’s cool..

As I said, I don’t question your integrity. I’m just completely amazed that you have somehow managed to NET yourself 4K on one deal. Please tell us the story...

Ok mate, either read what I have written or let’s just call it a day. For a start i’ve actually said I never netted £4K. I said I can see how it’s possible. Not a work of fiction. I’ve also said what I paid and what I sold for. You don’t believe me or else you wouldn’t be “like a dog with a bone” as you put it. I’ve said enough, please yourself.