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car auctions,
omnipeta
Posts: 226 Forumite
Looking fo career change, thinking of buying cars from auctions. Does anyone have advice/experience of this? also how do I go about insuring vehicles etc. Any advice greatly appreciated.Thank you, omnipeta.
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Comments
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I would advise getting a trailer, lorry or beavertail so you can transport cars without having to worry if they're taxed or not.
You'll also need to be pretty handy with the spanners and have a decent source for spare parts so you can repair/MOT them before you sell them on.
Don't forget that some local authorities have clamped down on the commercial repairing of vehicles on the street as it is considered anti-social, so you'll need somewhere off road where you can carry out the repairs.All I seem to hear is blah blah blah!0 -
For insurnace, have a look at a company called roadrunner (many others out there) that provide insurance for motor traders (both full and part time, from premises or from home, etc).
I think it's about £700 a year.
It means you are insured on any car (so you can collect whatever you buy without the hassle of arranging insurance for that specific car, etc).
Still the tax issue, but I think if you get trade plates, then you can drive untaxed when collecting/delivering cars.
Went to a motor auction this week to see what it was like, as thinking of a similar thing myself.
What kind of thing are you thinking? (types/value of cars, etc)
Best of luck0
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