A day at the auction - quite fancy a punt....

[bennyboydurham]

Gents, I work in the media industry and I'm quite lucky that my hours are at best probably described as part time. I've often thought about a cheeky sideline and now that Gordon has totally fked up the economy, everyone I know in the business is looking at how they might turn their sidelines into, er, frontlines. You'll have seen the situation at ITV and elsewhere in the broadcast and print media things are, well, crap.

So - being a petrol sniffer, I wondered whether I could turn those hours of browsing autotrader whilst daydreaming into some cash? I'm free most of the day, I live on a farm so plenty of room in one of the old barns for a couple of motors and as I'm a bit more sensible than I used to be I have some of Alistair Darling's allotted tax grab cash sitting about.

So, I trotted along to BCA in Newcastle today with a mechanically minded mate and we picked out a few tidy snotters that I thought might bear some fruit, not with the intention of buying anything this time but taking note of what my chosen cars actually went for and then later on back at the ranch do a bit of digging about to see what profit might lie in any of them.

I picked out a tidy 02 Fiesta Freestyle 1.2 3dr in red with 48k, an 02 BMW 318i SE Auto in silver with 74k and an 02 Corsa 1.2 Comfort 3dr in silver with 60k. All the cars were pretty tidy.

The Fiesta went through for £1200, the BMW (which had the engine management light on, oops) for £3850 and the Corsa for £1925.

Looking on AT at dealers and private sales, the same model Fiesta is up at the £1995 mark, the BMW £5000 and the Corsa around £2495.

Now, over to you. On paper it looks like all three had some money in them but short of advertising my phantom cars to see who rings up and makes an offer I can't do much more to convince myself (or her indoors) of the viability of selling snotters in my free time.

I'd be interested to hear from any PHers who've ventured into selling from home and what the pitfalls might be, what I should bear in mind, what I should do, never do, never buy, buy and indeed whether the whole selling nails thing is worth the time, money and hassle.....

Edited by bennyboydurham on Friday 23 October 20:53

[CaptainSlow]

This time of year why don't you buy up a couple of kit cars for winter money and sit on them until the spring?

[slipstream 1985]

i did it the harder way. buying out of scot adds, (loot) for engerlandshire i think. got to know what sells and what for and the market. doesnt matter if its a sound car its what people want. best one was a saxo vtr in black two dents 115k 6 month mot and tax. W plate (2 years ago btw) cd player etc. high millage but thats something a young chap would put up with to get a cheaper saxo. bought it for £850 and sold it for £1450. my rule was to stay away from rep mobiles mondeo's etc and concentrate on the younger purchaser. before i read the rest of your post id have said the fiesta was the best bet out of the ones you listed. i have been burned too though but overall i bought and sold 7 cars and made about £2000 clear profit after time and all costs taken into account.

[dazco]

Please take into account the absolutely stupid, ridiculous, astronomical, designed to catch out the unwary, rip-off, unwarrantied buyers fees that these auctions charge.

Also the warranty you are obliged to offer any buyers because you are now a trader, and the tax you must pay on any profit.

Please also note that any car advertised for a certain price does not mean it will sell for that price.

It is a bad time to be buying snotters from an auction, scrappage has reduced supply and forced prices up.

Good luck whatever you choose.

[AndrewW-G]

If you do a quick search, you'll find several threads on this very subject. As long as your properly insured (traders policy & public liability etc), have a warranty co lined up or the cash to fix things if they go wrong for the buyers & you've told HMRC what your upto, you shouldnt have a problem. . . . . . . . the making money out of it is the really tricky bit

[5 wh]

It always amazes me that people seem to think that buying auction cars and selling them on is a surefire get rich quick scheme-it's one of the hardest ways of trading cars if you wish to make a profit!

[dazco]

5 wh said:

It always amazes me that people seem to think that buying auction cars and selling them on is a surefire get rich quick scheme-it's one of the hardest ways of trading cars if you wish to make a profit!

So tell the OP the easiest then!

[5 wh]

Please can you explain your last comment

[ginettajoe]

bennyboydurham said:

Gents, I work in the media industry and I'm quite lucky that my hours are at best probably described as part time. I've often thought about a cheeky sideline and now that Gordon has totally fked up the economy, everyone I know in the business is looking at how they might turn their sidelines into, er, frontlines. You'll have seen the situation at ITV and elsewhere in the broadcast and print media things are, well, crap.

So - being a petrol sniffer, I wondered whether I could turn those hours of browsing autotrader whilst daydreaming into some cash? I'm free most of the day, I live on a farm so plenty of room in one of the old barns for a couple of motors and as I'm a bit more sensible than I used to be I have some of Alistair Darling's allotted tax grab cash sitting about.

So, I trotted along to BCA in Newcastle today with a mechanically minded mate and we picked out a few tidy snotters that I thought might bear some fruit, not with the intention of buying anything this time but taking note of what my chosen cars actually went for and then later on back at the ranch do a bit of digging about to see what profit might lie in any of them.

I picked out a tidy 02 Fiesta Freestyle 1.2 3dr in red with 48k, an 02 BMW 318i SE Auto in silver with 74k and an 02 Corsa 1.2 Comfort 3dr in silver with 60k. All the cars were pretty tidy.

The Fiesta went through for £1200, the BMW (which had the engine management light on, oops) for £3850 and the Corsa for £1925.

Looking on AT at dealers and private sales, the same model Fiesta is up at the £1995 mark, the BMW £5000 and the Corsa around £2495.

Now, over to you. On paper it looks like all three had some money in them but short of advertising my phantom cars to see who rings up and makes an offer I can't do much more to convince myself (or her indoors) of the viability of selling snotters in my free time.

I'd be interested to hear from any PHers who've ventured into selling from home and what the pitfalls might be, what I should bear in mind, what I should do, never do, never buy, buy and indeed whether the whole selling nails thing is worth the time, money and hassle.....

Edited by bennyboydurham on Friday 23 October 20:53

Do you know for sure that the cars sold at those prices, or was the auctioneer trotting them up, waiting for a mug to join in the non bidding?? As has been mentioned, don't forget the buyers premium, and if you had joined in on some genuine bidding, the prices are likely to have been higher!! You need to go regularly, watch what is going through, check in the office if the car sold, if it didn't what is the reserve, if it's been through over the past few weeks, is the seller prepared to reduce the reserve? It can be a minefield, & something you need to watch & learn before letting yourself into something that won't be as easy as you first assumed! HTH

[va1o]

anonymous said:

[redacted]

I agree with all the above

[vwlfc]

I have a mate who has tried this. He was in sales but left to have a dabble with cars. He has admittedly had a fair amount of money to spend and he has been doing well. He currently looks for the more popular cars in greater demand. He began with auctions but avoided those because he often found hidden secrets with the cars from auctions as well as problems with bidding with someone who is dead keen on the car. He now buys off other people and scouts around autotrader and the like. However, he finds he is most successful by keeping an ear to the ground and hearing if friends, relatives or people known have any cars for sale. His dad knew of a couple getting divorced who were selling their Range Rover and Porsche Turbo. He negotiated a fee for both according to the circumstances and got them for a substantially low amount. I guess the best advice would be to do it as and when if you see an opportunity rather than relying on it until you learn the ropes

[dazco]

Two tricks I would do would be to go through a two week old copy of Autotrader and ring likely cars up, if they still have them they might be more willing to deal.

And have eBay opened on the car section "newly listed" refresh it every hour and see what comes up. Very few cars on there are in genuine auctions, most are on buy it now or classified ads.You may just pickan undervalued car up before someone else does. Or even concentrate on the very poorly done adverts
1999 Corsa
Goes well. Selling for a friend.

[Illustrious_Len]

bennyboydurham said:

BMW...engine management light on, oops) for £3850...the BMW £5000

So that's an "asking" price of £5k - no guarantee whatsoever it'll sell for that. people always want something off/thrown in. Just because the buyer gets it free - doesn't mean it costs the dealer the same.

That aside, there's an £1,150 margin there. A mighty 30% of capital invested.

So, out of that £1,150, one must pay VAT at 3/23 of the gross margin: £150
One is obliged to have the car at the least safety-checked (an MoT will suffice as a minimal level of mechanical inspection) so that's £54
You'll need some fuel to get it home (the light WILL be on), do a couple of test drives and leave about 1/4 of a tank in so as not to appear a complete skinflint. So call that £30
As a dealer, one must provide a warranty. That can either be self underwritten (basically cross your fingers for 90 days and hope you don't have to stump up for anything) Providing a reasonable level of third party cover for three months on such a car is another £150
Having sorted a few in my time a BMW engine management light, sorted properly (not just the bulb removed) is never less than £400.
You need to valet it, even doing it yourself takes time & materials, a decent valet somewhere is £50.
You need to advertise it, say PH, AT & ebay. That's getting on for another £100.
It takes time and a favour or two to get the car back to your home/premises say £20 to a mate.
Storage doesn't come free usually once you have a dozen cars hanging around. It takes your time to get a car from your place to your friendly technician MoT station, bodyshop, dealership etc.

So without allowing for auction fees, storage, any bodywork or mechanical preparation, "throwing in" six months' tax, a set of mats, a second key as quite often cars of this age only have one, doing the next service for the customer if it's due imminently, the costs of all the calls you will make, negotiation room, making an over-allowance for a PX, placing zero value on your own time etc , all that has cost you £954 of your original £1,150.

So you're down to £196 of potential net profit, a 5% net return - before you've even talked about a deal with a buyer. Don't underestimate the sheer amount of graft required of you (for free) before you've even picked up the phone to the first enquiry. Let's say that first enquiry has a deep desire to own your car at the asking price. You have made less than £200. Which if you're a limited company of which you're a director and you choose to pay yourself the lot, will be subject to some 20% Corporation Tax (£40) - leaving £160 to pay yourself, 13% Employers' NI (£21), 11% Personal NI (£18) and even paying yourself not a lot (as most of us traders are presently, if we're paying ourselves at all) 20% Income Tax (£32), your original £1,150 "profit" has become...

£89 in your pocket. Divide that by the hours you will expend (bear in mind how many of those £89s you'll need to pay your bills per month and therefore how many cars you need to turn over per month) in sourcing, preparing, marketing, selling, delivering, administering and accounting (as you'll need to pay one of those a couple of grand a year) and a few £ for the legal stuff in registering a company. The rigmarole you need to go through to be registered with DVLA to supply number plates, have an HPI account, CAP & Glass's subscriptions, a fax machine/line (you WILL need one), traders, public liability & employer's liability insurance (if you have people doing your valeting/mechanical prep for you), obtain trade plates, pay for your business bank account, time & cost of setting up a decent website etc. etc and it's quite easy to say how you'll be working 80+ hours a week for sub minimum wage, if any at all and you have to ask yourself, is it all worth it? if you make a few £ and expand to premises, you can look forward to having to make £1k a week just to open the doors. Even from home and doing it properly, you'll need about £50k to even make thinking about it make sense.

Well yes, clearly as it's precisely what I decided to do six months ago. I wasn't even made redundant or forced into it. I had some money saved up. I decided if I could make ends meet in the midst of a recession, then it'll all pay off in years to come. Margins are very tight at present as although the price of stock may be creeping up (owing to relative scarcity thereof, rather than buying demand) - that doesn't mean you can ask any more for the cars as people are still motivated by things being cheaper than they would have been a year or two ago. The amount of work is still the same. ~for now - if you can afford to work for either very little money or for the sheer love of the job (for my sins, I do what I love and I love what I do) then by all means take the plunge. But do not look at gross margins like that and assume there's easy pickings to be had. There aren't. It's just graft at present. Yes that's offset by the fact that when times are good and stock is freely available and the buying public are out in force, credit is freely flowing, then good money can be made over the longer term - it's why those of us who invest everything we have in this game do so with the very real expectation it's the last job we will ever have. I certainly hope so. But hope isn't enough.

If it were that easy, we'd all have been selling cars off our driveways every weekend in addition to our day jobs. When you're working in a job that's paying all your bills, yes it's a fun way to make a few quid beer money. But to make it your sole income requires huge dedication for absolutely fk all guarantee of any reward. It's not even "work hard, or work smart" - it's both. bear in mind you need to be working when businesses are open to do the things you need to do, you also need to be available for viewings when people aren't working. My "official" working week (if such a thing really exists) is 9am-9pm, every single day. No sick leave/pay. No holiday entitlement or pay. Time off is time not earning or investing effort in earning.

I'm still at work BTW, taking a break from the grind to post this - as I do a few times a day here and there. I love the motor trade. It's given me a very good living for a long time now. She's a hard mistress at the minute, but a forgiving one over time. My wife calls the company my "other wife" - it takes the strain on relationships and all sorts of aspects of your life. You make an appointment to go out with friends. Half an hour before leaving, you get a call on a car and they want to see it now and can't see it otherwise until next week. So you drop your wife off with your mates and go & do some work, sometimes you get the deal, sometimes you don't. There are other costs than just money out of your pocket.

Go into this business by all means, but do it with eyes wide open and if you have no experience of the trade and the buying public at large (other than selling your own cars, however frequently you do so), then get yourself a partner who has enough to make up your shortfall - someone you can trust implicitly with your livelihood. I've been in the trade a decade now, my business partner twice that (six very hard months for ourselves) and we're still learning things and making the odd expensive cock-up, getting shafted occasionally etc. Same as most other businesses really. Enthusiasm and energy are no substitute for knowledge and experience - get it wrong and you'll quickly be drained of both, not to mention cash. Get it right though, and there's little els ethat can touch that buzz of doing a deal that has made you happy, the customer happy and your bank manager happy. It's hard to get all three - but not impossible. A good deal is where everyone "wins".

Look after your customers for they are your future business as well as the present. A happy customer will tell a few people. An upset one will tell anyone who'll listen and a few more besides. If you look after someone properly, they will tell their friends, family & colleagues and that will start to do your business for you. It's always cheaper in the long run to retain a customer and the business they can bring you, than keep having to find new ones every single time you sell a car.

Anyway, enough trade secrets, find out for yourself - we had to Good luck in whatever you decide That's not all meant to read as "doom & gloom" - there are good times to be had and fascinating people to meet in this game. No two days are ever the same. That's why I get up every day. I get to do what I enjoy, on my own terms, and have fun working like a dog. Now & again I pay myself for the privilege. If you want to seriously run through the excruciating detail of getting started full-time fo ryourself and feel you could use the experience of someone who has done just that, under the current economic conditions, then do drop me an e-mail and I'll be happy to discuss what I know so far.

PS - for the accountancy pedants herepresent, those figures may not be spot-on perfect, but they'r enot far off. I leave it to my accountant to sort out the minutiae & tell me if I can afford to eat for the next month so I'll not get drawn into a tax debate. I don't have the time or inclination. I know what I put in to my business (not just the money), I know how it goes out and roughly what I'm left with. 5% net return is not atypical at present, 10% is perfectly acceptable. Out of which overheads must come. Work out what you want to pay yourself (net), then divide it by around 3% and that will give you your required turnover. My bank is happy with that prediction, as is the taxman, my accountant and my customers - the only one who isn't is little old me. Sometimes I even pay to go to work. I'd not do anything else though. I f**king love my work.

[va1o]

Excellent posting Illustrious_Len

[bennyboydurham]

Yep great stuff Len, exactly what I was after. Only after posting did I realise I'd put my head above the parapet somewhat with this thread! We get lots of work experience people coming through the door at my place and they say 'I'd love to do your job, it looks like a right skive/there's nothing too it/a monkey could do it, etc' and I could punch them in the gob. If it was that easy then I wouldn't get paid £50k to do it, nob head. People can get rather prickly over their livelihoods and I respect the fact that you say how it is, highs and lows.

I also dabble in property developing and that's no different. All the doomsayers at the time said that I needed to be a builder or surveyor to make any money and the best properties were all sown up, I'd lose millions/buy a house with subsidence/problem neighbours/wrong area etc. Well, I'm happy to report that the first two houses I did up hit paydirt - I bought a nearly new SLK in cash with the profits. The last one, well let's just say it's waiting for the market to pick up as at the moment it has lost me about £25k. Highs and lows, huh?

I don't see that this is that much different. You need to luck out with the purchase, buy it for the right price, hope that lady luck smiles on you with the renovation and that you find a buyer who makes sense. Within all that is handling all the paperwork and legal stuff and ensuring that you explore all available avenues to get the right deal and move it on. The only difference is gambling with £1500, not £250,000.......

Thanks guys, I'll let you know how I get on.

[dazco]

Illustrious_Len said:

bennyboydurham said:

BMW...engine management light on, oops) for £3850...the BMW £5000

So that's an "asking" price of £5k - no guarantee whatsoever it'll sell for that. people always want something off/thrown in. Just because the buyer gets it free - doesn't mean it costs the dealer the same.

That aside, there's an £1,150 margin there. A mighty 30% of capital invested.

So, out of that £1,150, one must pay VAT at 3/23 of the gross margin: £150
One is obliged to have the car at the least safety-checked (an MoT will suffice as a minimal level of mechanical inspection) so that's £54
You'll need some fuel to get it home (the light WILL be on), do a couple of test drives and leave about 1/4 of a tank in so as not to appear a complete skinflint. So call that £30
As a dealer, one must provide a warranty. That can either be self underwritten (basically cross your fingers for 90 days and hope you don't have to stump up for anything) Providing a reasonable level of third party cover for three months on such a car is another £150
Having sorted a few in my time a BMW engine management light, sorted properly (not just the bulb removed) is never less than £400.
You need to valet it, even doing it yourself takes time & materials, a decent valet somewhere is £50.
You need to advertise it, say PH, AT & ebay. That's getting on for another £100.
It takes time and a favour or two to get the car back to your home/premises say £20 to a mate.
Storage doesn't come free usually once you have a dozen cars hanging around. It takes your time to get a car from your place to your friendly technician MoT station, bodyshop, dealership etc.

So without allowing for auction fees, storage, any bodywork or mechanical preparation, "throwing in" six months' tax, a set of mats, a second key as quite often cars of this age only have one, doing the next service for the customer if it's due imminently, the costs of all the calls you will make, negotiation room, making an over-allowance for a PX, placing zero value on your own time etc , all that has cost you £954 of your original £1,150.

So you're down to £196 of potential net profit, a 5% net return - before you've even talked about a deal with a buyer. Don't underestimate the sheer amount of graft required of you (for free) before you've even picked up the phone to the first enquiry. Let's say that first enquiry has a deep desire to own your car at the asking price. You have made less than £200. Which if you're a limited company of which you're a director and you choose to pay yourself the lot, will be subject to some 20% Corporation Tax (£40) - leaving £160 to pay yourself, 13% Employers' NI (£21), 11% Personal NI (£18) and even paying yourself not a lot (as most of us traders are presently, if we're paying ourselves at all) 20% Income Tax (£32), your original £1,150 "profit" has become...

£89 in your pocket. Divide that by the hours you will expend (bear in mind how many of those £89s you'll need to pay your bills per month and therefore how many cars you need to turn over per month) in sourcing, preparing, marketing, selling, delivering, administering and accounting (as you'll need to pay one of those a couple of grand a year) and a few £ for the legal stuff in registering a company. The rigmarole you need to go through to be registered with DVLA to supply number plates, have an HPI account, CAP & Glass's subscriptions, a fax machine/line (you WILL need one), traders, public liability & employer's liability insurance (if you have people doing your valeting/mechanical prep for you), obtain trade plates, pay for your business bank account, time & cost of setting up a decent website etc. etc and it's quite easy to say how you'll be working 80+ hours a week for sub minimum wage, if any at all and you have to ask yourself, is it all worth it? if you make a few £ and expand to premises, you can look forward to having to make £1k a week just to open the doors. Even from home and doing it properly, you'll need about £50k to even make thinking about it make sense.

Well yes, clearly as it's precisely what I decided to do six months ago. I wasn't even made redundant or forced into it. I had some money saved up. I decided if I could make ends meet in the midst of a recession, then it'll all pay off in years to come. Margins are very tight at present as although the price of stock may be creeping up (owing to relative scarcity thereof, rather than buying demand) - that doesn't mean you can ask any more for the cars as people are still motivated by things being cheaper than they would have been a year or two ago. The amount of work is still the same. ~for now - if you can afford to work for either very little money or for the sheer love of the job (for my sins, I do what I love and I love what I do) then by all means take the plunge. But do not look at gross margins like that and assume there's easy pickings to be had. There aren't. It's just graft at present. Yes that's offset by the fact that when times are good and stock is freely available and the buying public are out in force, credit is freely flowing, then good money can be made over the longer term - it's why those of us who invest everything we have in this game do so with the very real expectation it's the last job we will ever have. I certainly hope so. But hope isn't enough.

If it were that easy, we'd all have been selling cars off our driveways every weekend in addition to our day jobs. When you're working in a job that's paying all your bills, yes it's a fun way to make a few quid beer money. But to make it your sole income requires huge dedication for absolutely fk all guarantee of any reward. It's not even "work hard, or work smart" - it's both. bear in mind you need to be working when businesses are open to do the things you need to do, you also need to be available for viewings when people aren't working. My "official" working week (if such a thing really exists) is 9am-9pm, every single day. No sick leave/pay. No holiday entitlement or pay. Time off is time not earning or investing effort in earning.

I'm still at work BTW, taking a break from the grind to post this - as I do a few times a day here and there. I love the motor trade. It's given me a very good living for a long time now. She's a hard mistress at the minute, but a forgiving one over time. My wife calls the company my "other wife" - it takes the strain on relationships and all sorts of aspects of your life. You make an appointment to go out with friends. Half an hour before leaving, you get a call on a car and they want to see it now and can't see it otherwise until next week. So you drop your wife off with your mates and go & do some work, sometimes you get the deal, sometimes you don't. There are other costs than just money out of your pocket.

Go into this business by all means, but do it with eyes wide open and if you have no experience of the trade and the buying public at large (other than selling your own cars, however frequently you do so), then get yourself a partner who has enough to make up your shortfall - someone you can trust implicitly with your livelihood. I've been in the trade a decade now, my business partner twice that (six very hard months for ourselves) and we're still learning things and making the odd expensive cock-up, getting shafted occasionally etc. Same as most other businesses really. Enthusiasm and energy are no substitute for knowledge and experience - get it wrong and you'll quickly be drained of both, not to mention cash. Get it right though, and there's little els ethat can touch that buzz of doing a deal that has made you happy, the customer happy and your bank manager happy. It's hard to get all three - but not impossible. A good deal is where everyone "wins".

Look after your customers for they are your future business as well as the present. A happy customer will tell a few people. An upset one will tell anyone who'll listen and a few more besides. If you look after someone properly, they will tell their friends, family & colleagues and that will start to do your business for you. It's always cheaper in the long run to retain a customer and the business they can bring you, than keep having to find new ones every single time you sell a car.

Anyway, enough trade secrets, find out for yourself - we had to Good luck in whatever you decide That's not all meant to read as "doom & gloom" - there are good times to be had and fascinating people to meet in this game. No two days are ever the same. That's why I get up every day. I get to do what I enjoy, on my own terms, and have fun working like a dog. Now & again I pay myself for the privilege. If you want to seriously run through the excruciating detail of getting started full-time fo ryourself and feel you could use the experience of someone who has done just that, under the current economic conditions, then do drop me an e-mail and I'll be happy to discuss what I know so far.

PS - for the accountancy pedants herepresent, those figures may not be spot-on perfect, but they'r enot far off. I leave it to my accountant to sort out the minutiae & tell me if I can afford to eat for the next month so I'll not get drawn into a tax debate. I don't have the time or inclination. I know what I put in to my business (not just the money), I know how it goes out and roughly what I'm left with. 5% net return is not atypical at present, 10% is perfectly acceptable. Out of which overheads must come. Work out what you want to pay yourself (net), then divide it by around 3% and that will give you your required turnover. My bank is happy with that prediction, as is the taxman, my accountant and my customers - the only one who isn't is little old me. Sometimes I even pay to go to work. I'd not do anything else though. I f**king love my work.

Good post, insightful, thought provoking, load of st.

What kind of arrogant fking bd posts to say, as he has, the following



Without knowing your back ground, your love of cars or your money, you will not make it.

What kind of fking prick would suggest to you that it is too hard a living for normal folk to live by.

What kind of soft arsed person sits there at the end of this computer thinking "oh no, he cannot possibly make it, he does not have a socioligy degree" What requirements do you need?

Tis buying and selling cars, Not organ donars or footballers, and all of you that suggested he does not enter the game are still in the game.

If you dare to put your name on here that it is a rubbish trade then have the courage and get out yourself. Otherwise, give positive advise or shut the fk up.

Edited by dazco on Saturday 24th October 07:50

Edited by dazco on Saturday 24th October 07:52

Edited by dazco on Saturday 24th October 08:00

[Rollcage]

dazco said:

Illustrious_Len said:

bennyboydurham said:

BMW...engine management light on, oops) for £3850...the BMW £5000

Lots of stuff

Good post, insightful, thought provoking, load of st.

What kind of arrogant fking bd posts to say, as he has, the following



Without knowing your back ground, your love of cars or your money....

What kind of fking prick would suggest to you that it is too hard a living for normal folk to live by.

What kind of soft arsed person sits there at the end of this computer thinking "oh no, he cannot possibly make it, he does not have a socioligy degree"

Tis buying and selling cars, Not organ donars or footballers, and all of you that suggested he does not enter the game are still in the game.

If you dare to put your name on here that it is a rubbish trade then have the courage and get out yourself. Otherwise, give positive advise or shut the fk up.

Edited by dazco on Saturday 24th October 07:50

Edited by dazco on Saturday 24th October 07:52

I thought there was nothing in IL's post that didnt ring true. With all the cars the OP mentioned, I dont see a stand out car in terms of value - the margins are too low in all cases, and dont take into account the HUGE indemnity fees at big auctions for first time buyers.

It matters not how much money you have to put into it, if you cant buy right in the first place then you will be going nowhere fast.

IL's post was factual and clear - does the OP just want to be told "Trading is easy, any fool can do it", and then wait for us all to sit back and watch him blow £50k? Or does he want advice?

I would have thought the latter ,and IL's post was full of it!

[dazco]

Rollcage said:

dazco said:

Illustrious_Len said:

bennyboydurham said:

BMW...engine management light on, oops) for £3850...the BMW £5000

Lots of stuff

Good post, insightful, thought provoking, load of st.

What kind of arrogant fking bd posts to say, as he has, the following



Without knowing your back ground, your love of cars or your money....

What kind of fking prick would suggest to you that it is too hard a living for normal folk to live by.

What kind of soft arsed person sits there at the end of this computer thinking "oh no, he cannot possibly make it, he does not have a socioligy degree"

Tis buying and selling cars, Not organ donars or footballers, and all of you that suggested he does not enter the game are still in the game.

If you dare to put your name on here that it is a rubbish trade then have the courage and get out yourself. Otherwise, give positive advise or shut the fk up.

Edited by dazco on Saturday 24th October 07:50

Edited by dazco on Saturday 24th October 07:52

I thought there was nothing in IL's post that didnt ring true. With all the cars the OP mentioned, I dont see a stand out car in terms of value - the margins are too low in all cases, and dont take into account the HUGE indemnity fees at big auctions for first time buyers.

It matters not how much money you have to put into it, if you cant buy right in the first place then you will be going nowhere fast.

IL's post was factual and clear - does the OP just want to be told "Trading is easy, any fool can do it", and then wait for us all to sit back and watch him blow £50k? Or does he want advice?

I would have thought the latter ,and IL's post was full of it!

IL's post was full of telling someone not to do something you are doing yourself.

If you are an ice-cream man and you tell me not to become an ice-cream man I will take no notice.
If you used to be an ice-cream man i will take much more notice.

With due respect to his in depth post, he makes it sound as though only super human beings such as him can survive in the world of motor sales. And please do not say this is not how it comes across, because it is.

[rallycross]

Len's post is spot on, tells it exactly how it is to get started, a great reply to the OP's question.

If he wants to give it a try it thats what he is going to find (unless someone magically lends him a couple of hundred thousand ££ to buy lots of nice stock - which of course no one will lend you anything at the moment)

Dazco your reply above makes you sound like a bit of a prat and adds nothing to the OP, Len has pt a lot of info into that reply to the OP.

[dazco]

rallycross said:

Len's post is spot on, tells it exactly how it is to get started, a great reply to the OP's question.

If he wants to give it a try it thats what he is going to find (unless someone magically lends him a couple of hundred thousand ££ to buy lots of nice stock - which of course no one will lend you anything at the moment)

Dazco your reply above makes you sound like a bit of a prat and adds nothing to the OP, Len has pt a lot of info into that reply to the OP.

Why do i sound like a prat?