We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Advise - Motor Trader from Home

Options
13»

Comments

  • Gurj247
    Gurj247 Posts: 148 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Slight update...

    Progress on looking into this has stalled a little as been a bit busy with other things.

    That said I have got some quotes and thought i would share them with you all.

    For a fully comp policy (for father and I) £3230 - this would allow us to buy any car upto a group 15 insurance.

    For a fully comp policy (just for me) £2489 - as above upto Group 15 insurance

    3rd Party Insurance (for father and I) - £1750, again upto group 15 insurance.

    I personally think these are high, but I didn't know what to expect. So will see what other quotes are out there...
    Date of Update – 08/04/19
    Goal 1 – Reduce Mortgage - £120k/£120k = 100%:j
    Goal 2 – Stupid Fun Car Fund - £11000/£30,000
    Goal 3 – Savings – Rainy Day - £10000/£10,000
    Goal 4 - Daughter Fund - Target £100/mth = £1444
    :j:j:j
  • EdGasket
    EdGasket Posts: 3,503 Forumite
    The quotes are good I think, as far as any inurance goes that is. My family pay more than that for their cover as does a 17 yr-old on a ford fiesta these days. Still it's a lot to make back before you can show a profit in a year. Means you will have to be pretty much full on car dealing to make the insurance worthwhile.
  • Gurj247
    Gurj247 Posts: 148 Forumite
    Part of the Furniture 100 Posts Name Dropper
    EdGasket wrote: »
    The quotes are good I think, as far as any inurance goes that is. My family pay more than that for their cover as does a 17 yr-old on a ford fiesta these days. Still it's a lot to make back before you can show a profit in a year. Means you will have to be pretty much full on car dealing to make the insurance worthwhile.

    Yes, i guess your right, but given our ages i still think it to be high, so will do a bit more research.
    If these are the sort of figures that other companies come back with then i shall certainly have to re-consider this idea.

    Hopefully Khiller will come back with another indicative quote.
    Date of Update – 08/04/19
    Goal 1 – Reduce Mortgage - £120k/£120k = 100%:j
    Goal 2 – Stupid Fun Car Fund - £11000/£30,000
    Goal 3 – Savings – Rainy Day - £10000/£10,000
    Goal 4 - Daughter Fund - Target £100/mth = £1444
    :j:j:j
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.