Eddx14xe
Member
Registered: 12th Jan 10
Location: Hertfordshire
User status: Offline
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Does anyone do it on here?
How do you go about insurance so the potential buyer can test drive etc?
Do you make much from it?
Ive found a ford KA on autotrader for £99, MOT till sep, no tax, decent bodywork, central locking, power steering, electric windows.
Obviously there could be something really wrong with it but its not stated in advert.
How much would it be worth, say if it was decent, brought it for £99, got 6 months tax and some new ford hubcaps for it, as it doesnt have any just to make it look tidier.
Would it be worth £300-4000?
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Rob R
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Registered: 31st May 03
Location: Kent
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for £99 it's either going to be seriously hammered or a mis-print in the price
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markx14xe
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Registered: 5th Oct 08
Location: grimsby
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no these do pop up its part exchange
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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If it was that easy to sell at the higher price, the guy selling it would be selling it at the higher price.
You need a proper source of cheap cars and a proper means of insuring and storing them. You also technically should pay tax on the earnings, which usually scuppers most people.
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AndyCorsaSport
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Registered: 12th Feb 06
Location: Horsforth, West Yorkshire
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Like Rob says, for that theres something else wrong. Could weigh it in for more than that.
As for buying and selling cars, theres a lot people dont know about it.
If you class your self as a trader, and sell a car as trade, by law, you have to give 30 days warrenty on the car, you have to paye tax and tell the tax man your selling cars on the side.
As for insurance, traders policy is the best bet, hard to get one if your under 25 though im afraid!!
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Twiggy
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Registered: 15th Oct 04
User status: Offline
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If its to good to be true and all that
thats proberbly the deposit tbh... or £990ono
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Eddx14xe
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Registered: 12th Jan 10
Location: Hertfordshire
User status: Offline
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quote:
Originally posted by AndyCorsaSport
Like Rob says, for that theres something else wrong. Could weigh it in for more than that.
As for buying and selling cars, theres a lot people dont know about it.
If you class your self as a trader, and sell a car as trade, by law, you have to give 30 days warrenty on the car, you have to paye tax and tell the tax man your selling cars on the side.
As for insurance, traders policy is the best bet, hard to get one if your under 25 though im afraid!!
Cheers for that, this is the sort of info i was after.
Was only looking at doing when see cheap cars about, not as a proper business. As cant find an apprenticeship or any jobs about that will get me more money than i get now and would like a bit of extra money.
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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IS THIS IT????????
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Eddx14xe
Member
Registered: 12th Jan 10
Location: Hertfordshire
User status: Offline
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I am aware that the car i said about would probably have something wrong/wrong price posted etc, i just used it as a example really
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AndyCorsaSport
Member
Registered: 12th Feb 06
Location: Horsforth, West Yorkshire
User status: Offline
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Your best bet, is to go to auction, buy a car from there and stick it in the trader.
Its so easy, guy at my work does at least 2/3 a month, some times more.
Last week he bought an 08 Pug 207, 38k, basic 1.4, paid £4800, got rear bumper painted, sold for £5400 a week later. Too easy.
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