Yet another becoming a part time dealer thread.....

[JimmyConwayNW]

I do agree with a fair few of your thoughts on Central. I think there have been a lot of changes there recently
Scott Halliday is a helpful guy. Checks a few of the cars over when I see them on the available now lists etc and is always very quick to respond.

I am self taught bar the odd snippet of info such as your posts I have picked up along the way.

I believe Mannheim will be getting a much bigger presence in Scotland at the Shotts auction site with a big launch coming soon which can only be a good thing.

[100hourweek]

Ryan Sutherland is also another Great guy in Central, Really wish he would have went to one of the auction houses that i use.

Manheim used to be great but really faded away badly, Will be intresting to see how they change with the Shotts takeover.

[nickboazracing]

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

I have one question that i've yet to find a definitive answer on, if there is one: How many cars can you register through the DVLA in a year before they start asking questions?

I've looking at so many cars (just to buy for myself) that are registered traders at home, and yet the car is registered in their sisters/brothers/wifes/mums/dads etc name.. I never trusted it and always walked away. (As a side note, I found on the whole that home traders sold sheddy cars that were really tatty, poverty spec, damaged paint etc)

Going back to the OP:
As a point to note, many years ago, I bought an Impreza wagon from the dealership I worked at on the south coast (it was a standard, low mileage, very good car).I thought I paid peanuts for it and would make about £1500-£2000. (we are talking in the £5-6k braket, can't remember exactly what I paid). Anyway, I couldn't sell it for toffee. 2 months later I broke even on it. A few weeks later I was in a lotus and subaru dealer with a mate and they had the mirror image car, even same colour for £10k. I was frank with the salesman and he just said I was trying to sell it in the wrong area. "People in surrey love them and buy them at this price all day long." And obviously it was a main dealer etc..

I would suggest sticking to small cars, city hatches.

Alternatively offer a car buying service. A friend bought an mx5 a grand cheaper than anything on the market from a bloke who'd set up a car buying service. He'd bought it from a lady that morning, done nothing to it and made £500 in a couple of hours.

I could bore you all more but i'll stop.

Interesting thread.

[markmullen]

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

[JimmyConwayNW]

markmullen said:

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

People will want to pay private prices, but at the first hint of trouble it will be trading standards, soga and knowing you are a trader.

[sjc]

markmullen said:

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

It's quite possible to sell half ( no more than realistically)half a dozen cars a year as a hobby and at profit if you cherry pick your market and realise how big (or small) the spread is between trade/private/indy/MD.For instance.....
I'm always talking to people about what they drive,do they like it,are they thinking of changing etc etc, not for any other reason than I'm interested.
Last May, I got to talking to a bloke (at my daughters Netball match if you want a bizarre scenario) about his Maserati Granturismo GTS- MC shift.It turned out that he was thinking of selling in a couple of months,and we agreed to keep in touch. Three months later with due dilligence I owned a car that I'd bought at £500 over his best trade bid, and circa 10K less than I would have paid at a MD. Kept it 9 months, put 7K miles on it (and 2 new rear OEM tyres) and sold it to an Indy Maserati dealer in London at a four grand profit who knew his market spectacularly well,selling it for no less than 8K more than I'd paid for it 9 months previously.The proviso was that it was slightly higher mileage than the market is comfortable with at that level of car (35K miles in 5 years)
High end cars with a bit of original/extended warranty are a bit of a gamble selling wise, but it can be done at a profit if your eyes and ears are wide open.
Making a living at it is a different story...

[POORCARDEALER]

sjc said:

markmullen said:

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

It's quite possible to sell half ( no more than realistically)half a dozen cars a year as a hobby and at profit if you cherry pick your market and realise how big (or small) the spread is between trade/private/indy/MD.For instance.....
I'm always talking to people about what they drive,do they like it,are they thinking of changing etc etc, not for any other reason than I'm interested.
Last May, I got to talking to a bloke (at my daughters Netball match if you want a bizarre scenario) about his Maserati Granturismo GTS- MC shift.It turned out that he was thinking of selling in a couple of months,and we agreed to keep in touch. Three months later with due dilligence I owned a car that I'd bought at £500 over his best trade bid, and circa 10K less than I would have paid at a MD. Kept it 9 months, put 7K miles on it (and 2 new rear OEM tyres) and sold it to an Indy Maserati dealer in London at a four grand profit who knew his market spectacularly well,selling it for no less than 8K more than I'd paid for it 9 months previously.The proviso was that it was slightly higher mileage than the market is comfortable with at that level of car (35K miles in 5 years)
High end cars with a bit of original/extended warranty are a bit of a gamble selling wise, but it can be done at a profit if your eyes and ears are wide open.
Making a living at it is a different story...

However, you didnt pay market value for the car, you bought it hugely under trade price and those opportunities very seldomly arrive.

Nice car to run and have profit though

[daemon]

POORCARDEALER said:

However, you didnt pay market value for the car, you bought it hugely under trade price and those opportunities very seldomly arrive.

Nice car to run and have profit though

Very much so. These days pretty much everyone knows (or thinks they know) the value of their car because they can easily look it up on autotrader, gumtree or wherever.

If i do buy and sell anything these days its as a "weekend car" - ie, something i'm interested in personally owning, so if it sits a while i'm not gutted.

Few examples - bought a 2003 MX5 back in April for £1200 including hard top. Sold the hard top for £340, spent £100 on the car, so it stood me £940. Buzzed about in it for a couple of months and sold it for £1670.

Had a few 01/02/03 330Ci BMWs over the last couple of years too - lovely cars to own, made a few quid on the way through.

Also several Jags - petrol S types, X types and the odd XJ can be bought for peanuts but if they're clean and priced correctly the always sell.

Saw a couple of MX5s last week and was tempted - 1991 mk1, silver, very original £800 and a 2003 red one, years MOT, hard top, mint for £1400. Chip those back by a £100 and you've a good chance of profit at £1495 and £1995 respectively.

Interestingly, both those - and several others i've noticed - were on one of the local "buy and sell" groups that seem to be gaining prevalence on facebook at the moment.

[MarsellusWallace]

My advice to anyone setting up selling used cars would be to forget auctions altogether.Keep it simple to begin with and don't spend your money until you've done your homework.Start by researching one particular car,watch similar on autotrader at dealers to find out how long they take to sell and,compared with private sales,what the likely margin will be.Anything less than £1500 margin forget it.Once you've identified a particular car you feel you can make money on then learn all about what goes wrong,the best colours and specs to buy etc.Once you have done this watch for private cars coming for sale,every few hours ideally and save the search on ebay/autotrader/gumtree.Before too long one will come up that will be worth making contact about.Ask the seller all the right questions to ascertain the condition of the car on the telephone and agree a price on the phone subject to the car being as described.Buy the seller as much as the car.Be prepared to be jumping on trains at all hours and travelling to the ends of the country.Inspect the car then once you get it back mint it to within an inch of its life,do a nice advert in plain English with nice photos with a classy backdrop.And to begin with that's it-simples!

[daemon]

MarsellusWallace said:

Start by researching one particular car,watch similar on autotrader at dealers to find out how long they take to sell and,compared with private sales,what the likely margin will be.Anything less than £1500 margin forget it.

Whilst the rest of your post is bang on, i just thought i would add to this comment - as a small time trade seller probably working from home, you wont be able to get the prices dealers are asking. Realistically, you will need to be aiming to be around the cheapest 10% of similar cars listed for the phone to ring (and that probably includes private sellers these days too), so you need to work back from that figure, not on what dealer might be able to get. Also compared to what a dealer might ask for, they may be able to take £500 less so you need to factor that in too.

[sjc]

POORCARDEALER said:

sjc said:

markmullen said:

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

It's quite possible to sell half ( no more than realistically)half a dozen cars a year as a hobby and at profit if you cherry pick your market and realise how big (or small) the spread is between trade/private/indy/MD.For instance.....
I'm always talking to people about what they drive,do they like it,are they thinking of changing etc etc, not for any other reason than I'm interested.
Last May, I got to talking to a bloke (at my daughters Netball match if you want a bizarre scenario) about his Maserati Granturismo GTS- MC shift.It turned out that he was thinking of selling in a couple of months,and we agreed to keep in touch. Three months later with due dilligence I owned a car that I'd bought at £500 over his best trade bid, and circa 10K less than I would have paid at a MD. Kept it 9 months, put 7K miles on it (and 2 new rear OEM tyres) and sold it to an Indy Maserati dealer in London at a four grand profit who knew his market spectacularly well,selling it for no less than 8K more than I'd paid for it 9 months previously.The proviso was that it was slightly higher mileage than the market is comfortable with at that level of car (35K miles in 5 years)
High end cars with a bit of original/extended warranty are a bit of a gamble selling wise, but it can be done at a profit if your eyes and ears are wide open.
Making a living at it is a different story...

However, you didnt pay market value for the car, you bought it hugely under trade price and those opportunities very seldomly arrive.

Nice car to run and have profit though

I paid £500 over his trade bid (given by a Porsche dealer against a new Panemera) situated directly opposite the Maserati dealer he bought it from in the same dealership group. Would that not be considered trade price, rather than hugely under? There just seems to be a massive spread on some high end cars maybe due possible prep costs?

[POORCARDEALER]

sjc said:

POORCARDEALER said:

sjc said:

markmullen said:

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

It's quite possible to sell half ( no more than realistically)half a dozen cars a year as a hobby and at profit if you cherry pick your market and realise how big (or small) the spread is between trade/private/indy/MD.For instance.....
I'm always talking to people about what they drive,do they like it,are they thinking of changing etc etc, not for any other reason than I'm interested.
Last May, I got to talking to a bloke (at my daughters Netball match if you want a bizarre scenario) about his Maserati Granturismo GTS- MC shift.It turned out that he was thinking of selling in a couple of months,and we agreed to keep in touch. Three months later with due dilligence I owned a car that I'd bought at £500 over his best trade bid, and circa 10K less than I would have paid at a MD. Kept it 9 months, put 7K miles on it (and 2 new rear OEM tyres) and sold it to an Indy Maserati dealer in London at a four grand profit who knew his market spectacularly well,selling it for no less than 8K more than I'd paid for it 9 months previously.The proviso was that it was slightly higher mileage than the market is comfortable with at that level of car (35K miles in 5 years)
High end cars with a bit of original/extended warranty are a bit of a gamble selling wise, but it can be done at a profit if your eyes and ears are wide open.
Making a living at it is a different story...

However, you didnt pay market value for the car, you bought it hugely under trade price and those opportunities very seldomly arrive.

Nice car to run and have profit though

I paid £500 over his trade bid (given by a Porsche dealer against a new Panemera) situated directly opposite the Maserati dealer he bought it from in the same dealership group. Would that not be considered trade price, rather than hugely under? There just seems to be a massive spread on some high end cars maybe due possible prep costs?

Its a trade bid yes, but a crap one....you got 4K more than you paid 9 months previously selling it to a dealer says to me that the Porsche dealer bid him right in the bks....not knocking what you have done, but you might have found a dealer willing to give you 10K more than you paid at the time you bought it.

[t400ble]

oldnbold said:

You would be better off looking for private sales locally that are badly worded, with little info, crap photo's that have been for sale for more than 2 weeks. Go and view the car and take your time, bid low and you will pick up some bargains. If you are only going to sell 4 or 5 cars a year this will work ok.

I agree with the above

Auction IMO are not the place for cheap cars anymore

My Latest purchase

Lexus is220d.
110k miles, silver, with cream leather.

DPF needs removing, £300 job

Gave £1700

[MarsellusWallace]

daemon said:

MarsellusWallace said:

Start by researching one particular car,watch similar on autotrader at dealers to find out how long they take to sell and,compared with private sales,what the likely margin will be.Anything less than £1500 margin forget it.

Whilst the rest of your post is bang on, i just thought i would add to this comment - as a small time trade seller probably working from home, you wont be able to get the prices dealers are asking. Realistically, you will need to be aiming to be around the cheapest 10% of similar cars listed for the phone to ring (and that probably includes private sellers these days too), so you need to work back from that figure, not on what dealer might be able to get. Also compared to what a dealer might ask for, they may be able to take £500 less so you need to factor that in too.

A valid point.

I base my figures on being a dealer and offering all that goes with it-PX,warranty,finance etc.In today's market and with the need to turn stock over quickly any car bought should be in the cheapest 6 nationwide for similar age/spec/mileage.

The skill is in finding these vehicles and it takes a great many hours and phone calls every week.It is however something that can be done-I use this method myself and have done over the last 10 years or so.

[MarsellusWallace]

POORCARDEALER said:

sjc said:

POORCARDEALER said:

sjc said:

markmullen said:

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

It's quite possible to sell half ( no more than realistically)half a dozen cars a year as a hobby and at profit if you cherry pick your market and realise how big (or small) the spread is between trade/private/indy/MD.For instance.....
I'm always talking to people about what they drive,do they like it,are they thinking of changing etc etc, not for any other reason than I'm interested.
Last May, I got to talking to a bloke (at my daughters Netball match if you want a bizarre scenario) about his Maserati Granturismo GTS- MC shift.It turned out that he was thinking of selling in a couple of months,and we agreed to keep in touch. Three months later with due dilligence I owned a car that I'd bought at £500 over his best trade bid, and circa 10K less than I would have paid at a MD. Kept it 9 months, put 7K miles on it (and 2 new rear OEM tyres) and sold it to an Indy Maserati dealer in London at a four grand profit who knew his market spectacularly well,selling it for no less than 8K more than I'd paid for it 9 months previously.The proviso was that it was slightly higher mileage than the market is comfortable with at that level of car (35K miles in 5 years)
High end cars with a bit of original/extended warranty are a bit of a gamble selling wise, but it can be done at a profit if your eyes and ears are wide open.
Making a living at it is a different story...

However, you didnt pay market value for the car, you bought it hugely under trade price and those opportunities very seldomly arrive.

Nice car to run and have profit though

I paid £500 over his trade bid (given by a Porsche dealer against a new Panemera) situated directly opposite the Maserati dealer he bought it from in the same dealership group. Would that not be considered trade price, rather than hugely under? There just seems to be a massive spread on some high end cars maybe due possible prep costs?

Its a trade bid yes, but a crap one....you got 4K more than you paid 9 months previously selling it to a dealer says to me that the Porsche dealer bid him right in the bks....not knocking what you have done, but you might have found a dealer willing to give you 10K more than you paid at the time you bought it.

It may also be worth adding that the market has steadily improved for used cars over the last 18 months or so,firming up the prices rather than the constant high monthly book drops.

[sjc]

POORCARDEALER said:

sjc said:

POORCARDEALER said:

sjc said:

markmullen said:

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

It's quite possible to sell half ( no more than realistically)half a dozen cars a year as a hobby and at profit if you cherry pick your market and realise how big (or small) the spread is between trade/private/indy/MD.For instance.....
I'm always talking to people about what they drive,do they like it,are they thinking of changing etc etc, not for any other reason than I'm interested.
Last May, I got to talking to a bloke (at my daughters Netball match if you want a bizarre scenario) about his Maserati Granturismo GTS- MC shift.It turned out that he was thinking of selling in a couple of months,and we agreed to keep in touch. Three months later with due dilligence I owned a car that I'd bought at £500 over his best trade bid, and circa 10K less than I would have paid at a MD. Kept it 9 months, put 7K miles on it (and 2 new rear OEM tyres) and sold it to an Indy Maserati dealer in London at a four grand profit who knew his market spectacularly well,selling it for no less than 8K more than I'd paid for it 9 months previously.The proviso was that it was slightly higher mileage than the market is comfortable with at that level of car (35K miles in 5 years)
High end cars with a bit of original/extended warranty are a bit of a gamble selling wise, but it can be done at a profit if your eyes and ears are wide open.
Making a living at it is a different story...

However, you didnt pay market value for the car, you bought it hugely under trade price and those opportunities very seldomly arrive.

Nice car to run and have profit though

I paid £500 over his trade bid (given by a Porsche dealer against a new Panemera) situated directly opposite the Maserati dealer he bought it from in the same dealership group. Would that not be considered trade price, rather than hugely under? There just seems to be a massive spread on some high end cars maybe due possible prep costs?

Its a trade bid yes, but a crap one....you got 4K more than you paid 9 months previously selling it to a dealer says to me that the Porsche dealer bid him right in the bks....not knocking what you have done, but you might have found a dealer willing to give you 10K more than you paid at the time you bought it.

IIRC ...Figures June last year were roughly for a 35k mile 2008/58 granturismo 4.7S mc shift, sellable spec : trade 36k private 39k, Indy 42k and MD 46k. So you're suggesting that a dealer would have paid me top retail money? When I sold in April this year, it was roughly 32k trade up to 44MD with the car at 42k miles. I advertised it on sports Maserati at £40,500 and a maser Indy rang me up paid the money( he described it as perfect "London buyer spec " and sold it himself 10 days later at 44.5k after advertising it at £45,995.
The figures came from a respected chap I with his own dealership that's been trading nearly 100 years, rather than glasses / Whatcar or the like.

Edited by sjc on Sunday 20th July 23:21

[POORCARDEALER]

sjc said:

POORCARDEALER said:

sjc said:

POORCARDEALER said:

sjc said:

markmullen said:

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

It's quite possible to sell half ( no more than realistically)half a dozen cars a year as a hobby and at profit if you cherry pick your market and realise how big (or small) the spread is between trade/private/indy/MD.For instance.....
I'm always talking to people about what they drive,do they like it,are they thinking of changing etc etc, not for any other reason than I'm interested.
Last May, I got to talking to a bloke (at my daughters Netball match if you want a bizarre scenario) about his Maserati Granturismo GTS- MC shift.It turned out that he was thinking of selling in a couple of months,and we agreed to keep in touch. Three months later with due dilligence I owned a car that I'd bought at £500 over his best trade bid, and circa 10K less than I would have paid at a MD. Kept it 9 months, put 7K miles on it (and 2 new rear OEM tyres) and sold it to an Indy Maserati dealer in London at a four grand profit who knew his market spectacularly well,selling it for no less than 8K more than I'd paid for it 9 months previously.The proviso was that it was slightly higher mileage than the market is comfortable with at that level of car (35K miles in 5 years)
High end cars with a bit of original/extended warranty are a bit of a gamble selling wise, but it can be done at a profit if your eyes and ears are wide open.
Making a living at it is a different story...

However, you didnt pay market value for the car, you bought it hugely under trade price and those opportunities very seldomly arrive.

Nice car to run and have profit though

I paid £500 over his trade bid (given by a Porsche dealer against a new Panemera) situated directly opposite the Maserati dealer he bought it from in the same dealership group. Would that not be considered trade price, rather than hugely under? There just seems to be a massive spread on some high end cars maybe due possible prep costs?

Its a trade bid yes, but a crap one....you got 4K more than you paid 9 months previously selling it to a dealer says to me that the Porsche dealer bid him right in the bks....not knocking what you have done, but you might have found a dealer willing to give you 10K more than you paid at the time you bought it.

IIRC ...Figures June last year were roughly for a 35k mile 2008/58 granturismo 4.7S mc shift, sellable spec : trade 36k private 39k, Indy 42k and MD 46k. So you're suggesting that a dealer would have paid me top retail money? When I sold in April this year, it was roughly 32k trade up to 44MD with the car at 42k miles. I advertised it on sports Maserati at £40,500 and a maser Indy rang me up paid the money( he described it as perfect "London buyer spec " and sold it himself 10 days later at 44.5k after advertising it at £45,995.
The figures came from a respected chap I with his own dealership that's been trading nearly 100 years, rather than glasses / Whatcar or the like.

Edited by sjc on Sunday 20th July 23:21

I buy and sell this sort of thing everyday of the week and have done for many years...without me delving to get the guide figures myself all I can say is you have done remarkably well, the vehicle has remained almost static for the time you owned it.

However, you couldnt base a business on it, most cars would have dropped 6-9K in value over 9 months.

Barring classics I cannot think of another modern car that would have held up that way.

[nickboazracing]

markmullen said:

nickboazracing said:

Really interesting topic as I've always toyed with buying and selling from home, having had a back ground in the motor trade. It would be all private sales, and having scouted auctions in the midlands I would agree with what's been said previously that large auction houses such as BCA don't want the general public turning up as it ruins business for the traders, hence they effectively price out Joe Public unless you just want the car for yourself.
I tried cheapo auctions and they just sold utter tat. Rubbish that you'd struggle to sell AT ALL, let alone for a profit.

If you are going into it to make a profit they are not private sales, you're a trader, with all that comes with it.

I probably should have stated that rather than buying and immediately selling, buy, personally insure, run about in it for a bit, then sell. As had been mentioned more recently in this thread.

[rog007]

And reference warranties; these are in addition to the purchasers legal rights under the sale of goods act which in some circumstances reach beyond the 12 months of any 'warranty'. Good luck!

[daemon]

fridaypassion said:

daemon said:

Do you think fridaypassion will eat humble pie and admit hes wrong or will he just ignore the thread rather than be a man about it?

I think I've been to busy to check the thread it's our busiest time of the year at the moment. Will have a chat with the accountant asap. If it's wrong how we have been doing it he'll get replaced. Unusually for someone that posts on here I have no ego. If I'm wrong I'm wrong. Based on one of the posts above we might have paid to much VAT. Will clarify asap.

How did you get on with your accountant???