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XFS last won the day on January 23

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About XFS

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    Independent dealer
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    Autosense LTD

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  1. I think this is a good post on the subject and in in line with my views. Personally, I am choosing not to trade on any level during the lockdown, this is my choice based on the safety of myself and my partner as much as anything else. But I am not going to criticise those who continue to trade legally within the guidelines. Equally, that is their choice.
  2. I'm not that smart, I am just average general public and if I want a new TV then I know enough to compare similar TV's. Or if I want to buy a house I can compare mortgage deals and know pretty well if somebody is trying it on. I don't understand why its so hard.
  3. If you are buying a used car, particularly from a large franchise or Supermarket, The advice I would give is that if your first thought is how much money can I get off or how low can I get my monthly payment, then you are simply cannon fodder and you may walk away thinking you have a great deal when the reality is you are just their standard punter whom they can swallow up and spit out without breaking sweat. You are probably walking out thinking I got the monthly I wanted, but in reality you have been strapped up for 5 years on a high interest agreement and have a string of expensive add ons you don’t need. Look at the car. What is the condition, history, spec...how does it compare to others on that basis. Make sure you are comparing like for like. If it’s in good nick, well serviced, good tyres and has a few options it may be good value already. Work out yourself what is a good finance deal before you go to the dealer, learn how APR works. That way you will know if they are strapping you up. Don’t agree to add ons you don’t need. You do not need ceramic coating at £800 or interior protection for £600 or whatever other add on junk they deem essential. DO NOT buy on price or monthly alone without knowing exactly what you are buying.
  4. It says autotrader have a record amount of cars advertised ...mainly due to free advertising in April. Do you think they should be advertising at all? Should any car dealerships remain open...even for the mainly faux (in my opinion) no contact sales. Surely at this time car sales are non essential? The car trade is a prime example ( not the worst...and one of many) of a general lack of social responsibility. Surely a short, sharp complete lockdown and suspension of absolutely everything non-essential is at least worth trying and preferable to the much more likely scenario of this dragging on and the country being in partial half arsed lockdown for the rest of the year.
  5. I’m not officially open yet, but I,ve continued the prep programme. We are scheduled to open for business 1st April, not sure if that will happen. I,ve been giving the garage next door as much as I can, kept the alloy man going, been giving the painter virtually full time work for the last few weeks and have the valeter here today working alone, probably the only guy working on the whole estate...lol I’ve being paying my bills as soon as they are ready. I have simply stuck to my business plan and can survive for the next 3 months with no income. I guess I am very lucky.
  6. I,m not sure what effect it will have in the motor trade. I am in the fortunate position where I have no borrowings and can live without a wage, so I can ride it out... However, in my partners business which I am involved in, we are down 30K already... just like that. (that is a real tangible 30K, not a projected loss)if it goes on we lose another 30K in Sept/Oct. That would pretty much fuck up a business my partner has put her heart and sole into. What fucks me off so much is that all the people giving out the advice and managing the situation will get paid whatever...it won't effect them other than the inconvenience of maybe not being able to wipe their arse with their favourite brand of toilet paper. Out here in the real world.....
  7. I understand your frustration, I really do but I would like to make 3 points. 1. There is absolutely no basis for legal action against autotrader. None whatsoever. an expansive excersize in futility at best. If you found a lawyer opportunistic enough to take it up...and it would be oppertunistic, because they would KNOW there was no chance of success...in court when the judge stopped laughing he/she would find in favour of autotrader and award costs against the plaintiffs without a doubt. 2. Autotrader do not care about you, me or most on these forums. They don't need to, most of our accounts are four figures monthly. Can you imagine the monthly spend for big franchises and supermarkets? These are the clients Autotrader are interested in and will take notice off. The price markers will suit them as it gives the impression that the cars they sell are low priced and good value. 3. We are all big boys and girls here, so are responsible for our own destinies. We are under no obligation to use Autotrader or any other platform. If we do its on their terms and conditions (within the law obviously) the same as when a customer buys a car from me, its on my terms (within the law obviously) and I can ask any price I choose.
  8. I’m not sure what the Bulgarian hooch is but it can’t be worse than some of the Scotch Whisky from the Islands. I don’t mind the Highland (where I’m from) and the Speyside malts and I actually like some like Balvenie Doublewood, but generally I prefer Irish Whiskey (terrible admission for a Scotsman)
  9. Jeez, that’s hellish stuff. Like drinking burnt peat soaked in methylated spirit.
  10. I used to confuse reality and sensible caution with doom and gloom myself in my younger day. It cost me a lot of money and some painful lessons.
  11. I have turned my best profits this way. The secret of buying blind is to make sure the potential profit on the car will cover any eventuality, so if its a lemon, the worst that can happen is you don't make any money. So don't bid unless the potential margin is big. Doesn't happen often! It generally only works with older higher value grade 3 and 4 cars. Grade 1 and 2, everyone and their dog wants it and cheaper model grade 3/4 there is not enough margin for the risk to be worthwhile. In my experience almost every car over 9 years old is graded 3/4. Often, they turn out to be grade 2 at the worst. I find the opposite to be true with newer cars. Often a 4 year old grade 2 will need as much spending on it as a 10 year old grade 4
  12. I don't think sound advice is doom and gloom TV, but I'm not sure who it is directed towards. Obviously not me You can't be that much my senior. I have had a 40 year working life, mostly in some form of business, often with a number of employees, usually VAT registered. I have used the same firm of (Chartered) Accountants since 1997. The main difference between you and I is that although I have been buying and selling car for 40 odd years, previously the most cars I have had in stock is half a dozen and my accounts were so simple, even I could do them...and I hate numbers and bookwork with a passion. I have endured VAT inspections before it was virtual. At one point the VAT man was camped at my place for 3 days. We ended on first name terms and I used to phone him up for advice. I know no better than most not to give HRMC any excuse, hence why I want to make sure that I give myself the best chance possible of avoiding errors.