How do you become a car trader?

Question

could anyone give me the ins and outs of becoming a car trader.I need to know whats required,Liecence?Insurance?cost etc.Any knowledge would be a great help THANKS

Answer 1

For the legalities, you will need:
1. To be registered as a trader by your local council.
2. Land with permission to trade from.
3. Trade insurance to allow you to drive any car. Not cheap!
4. Trade plates to move non road taxed cars around. Need above trade insurance and land to get these.
5. Public liability insurance for your yard.

Also very advisable is:
1. Stock insurance for your cars.
2.. An account with an auction house.
3. A vehicle to transport your stock from auctions to your yard.
4. A subscription to Glass or Cap for your car valuations, £300+ a year (parkers is no good).

All cars you sell must:
1. Be given a mechanical inspection. Also either have a fresh MOT or be capable of passing an MOT on date of sale.
2. Come with a degree of warranty, this depends on how much it sells for. You cant however just write sold as seen on every receipt and think you'll get away with it.

Still want to be a bona fide motor trader?

Answer 2

1

Answer 3

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Answer 4

go to an auction and buy the cheapest rubbish you can find, clean it up a bit, get a doggy m.o.t. and park it on a roundabout or McDonald entrance stick for sale on the window with a fictitious description of all the good points, add a mobile No and weight for a mug to contact you. After taking the money don't forget to change your Sim card so as you don't have to listen to all the complaints

Answer 5

Intern in the middle east as a camel trader first. then come here and cars will be easy.

Answer 6

you need a normal full driving license, motor traders insurance with car sales demonstration on it and a set of trade plates.

Answer 7

2

Answer 8

first of all buy a couple of cars and advertise them in your local paper. Make sure they are roadworthy in good mechanical condition and have a current MOT certificate. That's all you have to do Warning though if what you offer for sale breaks down within a few days you could be liable for all repairs or return the punter his money.

Answer 9

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Answer 10

first buy 2 or 3 cars and try to sell them from home..If you dont loose your shirt call the better bis bureau and local town hall for whatever permits u need