SouthernTrader

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Everything posted by SouthernTrader

  1. I’d never take investment from someone else wanting to take a piece of my profit while I did all the leg work or partner with someone - personal preference but I like to answer to me alone and know all my profits are mine (and the tax and VAT man unfortunately) If you want to expand can’t you take a bounce back loan or get capital yourself?
  2. You’ll have fun (and stress) doing that part time and might even make a decent side income but as a full time business I’d say no. Your time will be swallowed trying to find, fix and retail these cars. Also realistically how many are available at any one time and via what source? Could you for example source 10-15 a month that you’d need when the business is full time? While you might take the best part of a month, sourcing, fixing and prepping a couple of 90s Mercs, you could have bought and sold 10 “retail ready” modern cars. Don’t let me put you off btw, if you want to try it go for it, you may find down the line you could stock modern Mercs and other newer cars but have a few nice 90s classics too to keep that side of your passion going. Anyway, good luck
  3. https://www.moneysavingexpert.com/news/2020/03/chancellor-announces-help-for-self-employed/ Obviously that’s not official government site but that’s the link I’ve seen doing the rounds “If you're a company director and pay yourself a salary or dividends you won't be covered by this scheme” My accountant also emailed me confirming as much, they are awaiting clarity if we can furlough ourselves as directors. Lots of mixed messages. I don’t know for sure either way, just going on the information I’m getting. I’ll wait for further clarity from the accountants
  4. Also doesn’t apply if you are a director or a Ltd company unfortunately which I guess applies to a lot of us. My hope is we can be trading in 8 weeks again but what will business be like when we go back?
  5. I’ll update this post when I’ve got some results to compare with
  6. I’ve just got rid of priority listing purely to run an experiment on how many views, sales etc I get and I’ll judge it from there if it’s worth getting back. All you can do is try different things, run them for say 3 months and monitor results
  7. Sold a cheap part exchange last week £995 - a grand under its retail as it had a few little issues. 4600 views on the advert before a viewing let alone a sale! Loads of interest from people not reading the advert and thinking it was a proper retail car which were turned down for viewings. Got me thinking what’s the most views you’ve had on a car before you actually sold it?
  8. I always accompany them on a test drive, they normally seem to have questions about what various features do and it gives me a chance to chat with them a little. Also, I don’t fancy letting half of the general public out in my cars to drive as they wish, no thanks!
  9. I had a Passat with the 2.0 TDI 170 engine with similar symptoms turned out to be the timing. Think that was white rather than grey smoke however so maybe not your issue
  10. Hi Grant, last time I used BCA earlier this year I was charged £210 plus VAT for 180 miles, that was transported not driven. I use a local transport company now as they are better priced and more flexible
  11. I’m no economist but the 2 things are surely linked?
  12. 1.6 PSA Prince engined cars as above VAG cars with DSG boxes unless I can take them for a long test drive first Never done very well on convertibles but that’s probably more down to poor buying Don’t tend to do too many Vauxhall’s anymore. I remember when I started I sold loads of Corsa Bs then lots of Corsa Cs. I then moved on to selling Corsa Ds but 75% of them seemed to have head gasket issues. Don’t bother anymore despite being good sellers Also, what is it with VAG cars and window regulators? They seem to always be buggered
  13. I did a Business Degree and enjoyed University for what it was but it’s very different running a business in the real world than studying textbooks on business! I then joined a graduate scheme and I found after 5 years of working for corporate companies I just didn’t enjoy it - no job satisfaction for me - just a salary and a car. Id worked in used car sales from 18-20 so I went back to that. I’d traded on the side while having a “real job” and it’s a bug that’s never left me so I went full time working for myself, initially as a doorstepper. I feel lucky I don’t have a 9-5 like a lot of my friends despite the stress this job can bring
  14. Lost count the amount of times this has happened to me. Especially annoying when you’ve got the car all ready and it was fine earlier! tomorrows another day....
  15. I’ve used a Dakota odour bomb a few times, you can buy them on Amazon. They’ve been pretty effective but I guess it depends on how bad it is. Also leaves a kind of sickly sweet smell in its place but I’ve always sold the cars and never had any comments on the smell.
  16. I would have kept my 1990 Miami Blue 205 1.9 Gti with 70k on the clock and countless MK2 Golf GTIs. I’d probably be retired by now if I had!
  17. Get customer to sign and date the PDI otherwise they could argue that you just wrote it out after the fact stating all okay etc.
  18. Stop responding to text messages and ask him to call you on Monday. It’s far easier for people to lie/bluff over a message than on a phone conversation. at least that way you can talk to him properly and actually try and get to the bottom of what he actually wants, is he genuine, where this is leading etc. Going back and forth over text is a waste of your time imo
  19. Good luck today. It seems like you've been reasonable and fair and the customer has unrealistic expectations of a car that's this age and miles. Let us know how you get on
  20. Welcome to the forum. Im fairly new here and picked up lots already, great resource. Best of luck
  21. They did email me some guidance but I was hoping to meet a rep for a quick chat and some help with the application. They suggested I sign up with a broker first as they didn’t think I’d be doing more than a couple finance deals in a 3 month period at which point I’d get dropped by Close for lack of business. My personal thoughts on this are I’m going to try and encourage as many of my customers as possible to take finance and I’m going to actively promote it on social media etc. Anyway, if anyone can recommend a good broker for me to work with when the Application goes through?
  22. Thanks for the advice, I’ve submitted it so will see how it goes
  23. Good God that version of Blowing in the wind is awful! On the AT side of things I’m curious do you currently fill in the service history section? I’ve never used it before and just listed the service history details within my description text but maybe I’m missing a trick?
  24. I’ll be interested to know as well. It seems that nobody at AT can answer this despite them going ahead with the change. If we had some clearly defined criteria at least we could then decide whether we wanted to change/amend our adverts to increase our search relevance. And to answer the original question. No downturn from here so far. A few sticky cars that weren’t getting enquires still aren’t Interesting, I assume you mean the boxes like the 2wd option boxes etc? Ill go and look for the video now, thanks for the heads up