Haha, funny that. I have been contemplating trying to buy a convertible on the cheap during the winter months and selling in the summer. Not sure how well that work though.
I sure will, thanks.
Yea, absolutely. Totally legit, no other way imho. This will be part time, so I will aim to stay under the VAT threshold. In fact, I don't think I mentioned that. This is just going to be a side business for me. Mainly because I enjoy working on cars and cleaning them up etc.
Welcome and good luck! You sound positive, which is always great.
I didn't post this earlier, because I was unsure about the response i'd get but here goes..
I am a software engineer and I am in the process of building some tooling that will index all of the (major) car classifieds sites in the UK. With that data, I can then try and get a good view of the market, to determine things such as:
Average lifetime of an advert
Average price drop (based on original asking)
Common cars for sale and what makes/models sell best
What is the average spread between private sales and dealer sales (does one exist?)
Which model variants are most popular i.e. which have the shorter lifetime
This should then help me identify cars worth buying that I will have some confidence of being able to move on.
I don't know much about the used car market really and i'm not being naive, I think the software can only help a small bit, there is so much more to do and learn but i'm interesting in learning and getting up to speed. I like trying out new things.