I read with interest people who say they will sell cars to make a few pounds. If only it was that easy.
If you are selling from home have you thought about:
1.Trade Insurance-Customers will want to drive them to test them, if they smash them or someone else and no insurance YOU are responsible as well as them.
2. Business Insurance- Even if you work from home you need it- it only takes a nosey neighbour to complain about cars and the local council will be on you as well as trading standards.
3. Warranties- Are you offering one, although contrary to popular belief you do not have to offer one you as a trader have to sell it in road worthy condition and stand by it (TS suggest 3 months) should any faults occur-have you money to get it fixed?
4. Money- Do you have a credit card machine- ,most people like to pay like this- then you need a business account to pay it into- then an accountant!
5. Website-Advertising costs- yes it all costs!
6. Parking- if not taxed have to be off road and SORN-if no tax how can you drive customers around on test drives- Trade Plates- you can't get trade plates without all the above!
I have been trading part time for 5 years and believe me its not a get rich scheme by any means-I have not sold a car this month but have money tied up sitting on my drive. Thats how it goes.
Just warning you.
Bob
www.ict2uk.com