MWCLS
MB Enthusiast
Evening all, I currently work full time as a estate agent running two very busy offices in Essex.
I have always had a passion for cars and after a brief stint at a main dealer the early part off this year id like to get involved in selling used cars.
So looking at run around type cars. I have a few connections from my stint at the main dealer.
Sourcing cars would be the dealers PX through my connection so the seller would get a better price and my connection would get a thank you and I'd then look to clean the car up ready for resale.
Few things need to do before I make any hasty decisions.
Selling used cars circa £1-2k I know if I setup as a trader i have to give a warranty engine and gearbox which may be problematic when your looking at cars at this price point.
Trade insurance and plates ( are trade plates necessary as a start up? )
My target market well could be any one who wants a winter car for train stn duty to your first time driver.
Hpi potential purchases i would have to do if the dealer isn't taken them px is there a company that can say Hpi 20 cars no time limits for a fixed fee?
It's just a small idea that popped into my head today. Not all cars are going to be banger money going through a main dealer as potential px im going to have to think of other sourcing avenues.
Has anyone tried this on here before as a side line and is willing to share the initial setup costs?
I have storage facility ( my current drive will hold 6 or 7 small hatchbacks plus I have a detached garage )
I'd want to start small and build on that if it was a money maker rather than volume and small yields.
I am looking at buying anything except Merc, bmw, Audi etc to sell on as although they can be sourced cheaply, they are not cheap to fix.
I have a friend who has a MOT garage in East London he is very busy with his own work so I would use him for mot and work and possible repairs, I can't use him to inspect cars before buying. So it's a bit of Russian roulette.
Am I deluded thinking this could be a viable and with hard work make this something worth while?
Any comments , opinions or have tried that before welcome!
Thanks
Michael
I have always had a passion for cars and after a brief stint at a main dealer the early part off this year id like to get involved in selling used cars.
So looking at run around type cars. I have a few connections from my stint at the main dealer.
Sourcing cars would be the dealers PX through my connection so the seller would get a better price and my connection would get a thank you and I'd then look to clean the car up ready for resale.
Few things need to do before I make any hasty decisions.
Selling used cars circa £1-2k I know if I setup as a trader i have to give a warranty engine and gearbox which may be problematic when your looking at cars at this price point.
Trade insurance and plates ( are trade plates necessary as a start up? )
My target market well could be any one who wants a winter car for train stn duty to your first time driver.
Hpi potential purchases i would have to do if the dealer isn't taken them px is there a company that can say Hpi 20 cars no time limits for a fixed fee?
It's just a small idea that popped into my head today. Not all cars are going to be banger money going through a main dealer as potential px im going to have to think of other sourcing avenues.
Has anyone tried this on here before as a side line and is willing to share the initial setup costs?
I have storage facility ( my current drive will hold 6 or 7 small hatchbacks plus I have a detached garage )
I'd want to start small and build on that if it was a money maker rather than volume and small yields.
I am looking at buying anything except Merc, bmw, Audi etc to sell on as although they can be sourced cheaply, they are not cheap to fix.
I have a friend who has a MOT garage in East London he is very busy with his own work so I would use him for mot and work and possible repairs, I can't use him to inspect cars before buying. So it's a bit of Russian roulette.
Am I deluded thinking this could be a viable and with hard work make this something worth while?
Any comments , opinions or have tried that before welcome!
Thanks
Michael
