Buying/selling cars as a side business?

maninthestreet

bobbymotors wrote: »

sorry, Punt indeed...

Too many funts on here as it is.....

Stevie_Palimo

My mechanic mate gets cheapish cars and vans in and normally around £2000 - £4000.00 ones but still has the hassle of checking, cleaning fixing any issues prior to selling them and in some cases all for a few hundred in profit, Cant see any £500 cars making more than a ton at a time tbh.

ChumLee

EdGasket wrote: »

It's just far to much hassle now to even change your car regularly as a private buyer. Gone are the days when you could hop in a car and drive it home and sometime later tell your insurer. Now you have to tax and insure it before you can even drive it home! There are huge costs with that; costs you will most likely never recoup when trying to sell it on because any prospectibe buyer will also have those costs to take into account. Forget it. Find something else to buy and sell like car parts, or maybe flowers or jewelry.

The insurance rules haven changed.

EdGasket

ChumLee wrote: »

The insurance rules haven changed.

Maybe not in your lifetime but they have in mine mate!

ChumLee

EdGasket wrote: »

Maybe not in your lifetime but they have in mine mate!

Ok, so in your lifetime you could drive without insurance? You must be 100 plus.

EdGasket

ChumLee wrote: »

Ok, so in your lifetime you could drive without insurance? You must be 100 plus.

I never said that did I? I said the insurance certificate said (I could drive) "any car owned by the policyholder". That meant there was a period of grace where you could drive a car home without having to set up costly additional insurance like you have to do now because all modern insurance certificates have the car registration number on them.

WellKnownSid

Yes, there was a time cars didn't need insurance in their own right - then when CIE came in in 2011 it went further meaning all cars need insurance unless they are SORNed.

Joe_Horner

EdGasket wrote: »

...and not forgetting the insurance certificate that said "any car owned by the policyholder". Took advantage of that a few times lol.

Yep, Dad's old policy back in the 80's "Any car owned by / any driver with permission". They even provided a second copy of the certificate so I could drive one around at uni and produce if needed. Happy days

londonTiger

there's a reason used car salesmen have a bad rep. A lot of small time dealers just buy cars cheaply and hope for a wing and a prayer and sell it on with a couple hundred quit mark up.

They hope there is nothing wrong with the car and they've made a decent proft. Probably 10% of them come back with faults which usually writes off 2 cars worth of profit to rectify.

Really really dodgy dealers will refuse to accept the cars fault and not refund or replace.

That';s my impression on how a used car place works.

colino

You do realise that adding specific numbers, which you have just made up, doesn't actually add anything to your point of view? In fact you are 0.01% correct.