Wayne_202

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About Wayne_202

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    Newbie

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  • Your industry
    Independent dealer
  • Dealership/company name
    Wayne

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  1. Bought and read this tonight. Brilliant read and extremely informative guideline that give a great insight into what to expect as a newbie. With regards to self provided warranties, is there a lawgistics style document as to what I would and wouldn't be obliged to offer the customer. I'm only trading from home atm, only just starting out and afraid customers wouldn't take me as a credible/responsible dealer without some legal document to outline what sort of warranties they will be provided with.
  2. I am keeping All bills and sales receipts but don't really have a clue of how and when to declare things. I'm not making enough to warrant paying an accountant to guide me at the moment. Still early days so I'm guessing I wasn't to see how many I can turn around etc first
  3. This is exactly what I wanted to hear.
  4. I guess I was just thinking newer ones I would hopefully get less problems and more profit. But I suppose more people are doing that so not as many bargains to be had. I'm still early in the game so I've got loads to still learn and find exactly where my market is. Your advice is invaluable guys thankyou so much. Ordering some pdi pads now.
  5. Please excuse my ignorance but what good what public liability insurance be? Yeah I won't be giving up the mechanics that's the breadwinner that covers the bills. I don't earn near 30k but I'm in the sticks where the wages are low but I don't have to travel far and am always home by 5. This venture is just for a holiday fund and make life a bit more comfortable. Its more so to keep the mind active and the entropenural spirit alive. I will look into the pdi pads. Currently no warranties are given but as selling from home I don't really get asked. This suits me although if something does go wrong I'm the sort of person to do all I can to help them out. Ideal scenario is some local customers will come back for repairs and servicing years down the line which will then eventually create a higher profit in private work and a loyal customer base. Cheers Dave, brakes it is your correct. I must read my posts before I submit. hahaha
  6. Good morning, my name's Wayne I live in Devon. I've read loads on here and it's so helpfull so thought I would join. I'm not in this to become a millionare in a week. It's just a bit of cash on the side and keeps the mind active. I'm a mechanic Monday to Friday at an independent. Then do a small amount of buyers and sellers on the evenings and weekends. I've done about 5 so far. All sold for around the £1000 Mark. Mostly needed a little bit of work and an mot then price to sell and so far All but one I've sold for full asking price making £200-800 profit. I enjoy the whole valeting side to it, turning them from rough looking to mint condition looking. This market seems to be working for me but I would like to be investing more into it and doing slightly newer stuff ideally with the hope there maybe slightly more profit on average. I guess it's just having more money tied into it. I like the fact at the moment if I loose anything it's only going to be a few hundred. All the cars so far have been bought private as I live about an hour away from an auction. I've got traders insurance now so can drive vehicles a bit more legal. Trading from home. All work done in my own garage at home. I'm not unrealistic in the past I've lost so much money on personal cars and I know I will soon buy a few lemons as it can't be helped in this day and age but I service all the cars before sale including it's break obviously and change any pads etc that will be needed in the next few thousand miles. This seems to give people piece of mind. Any advice in the future will be greatly appreciated.
  7. Good morning, my name's Wayne I live in Devon. I've read loads on here and it's so helpfull so thought I would join. I'm not in this to become a millionare in a week. It's just a bit of cash on the side and keeps the mind active. I'm a mechanic Monday to Friday at an independent. Then do a small amount of buyers and sellers on the evenings and weekends. I've done about 5 so far. All sold for around the £1000 Mark. Mostly needed a little bit of work and an mot then price to sell and so far All but one I've sold for full asking price making £200-800 profit. I enjoy the whole valeting side to it, turning them from rough looking to mint condition looking. This market seems to be working for me but I would like to be investing more into it and doing slightly newer stuff ideally with the hope there maybe slightly more profit on average. I guess it's just having more money tied into it. I like the fact at the moment if I loose anything it's only going to be a few hundred. All the cars so far have been bought private as I live about an hour away from an auction. I've got traders insurance now so can drive vehicles a bit more legal. Trading from home. All work done in my own garage at home. I'm not unrealistic in the past I've lost so much money on personal cars and I know I will soon buy a few lemons as it can't be helped in this day and age but I service all the cars before sale including it's break obviously and change any pads etc that will be needed in the next few thousand miles. This seems to give people piece of mind. Any advice in the future will be greatly appreciated.