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LOL, I always thought that, but dealing with cars abroad I found I was wrong, a hub cap covers at minimum the center hub, not just the center hub, try buying a wheel trim in the US and see the funny look they give you.🤣

@@Stevesautos old saying, when in Rome,. They couldn’t even stick to a 4 by 2 or a6 by 2, it has to be 2 by 4 and 2 by 6.

I totally disagree, a lease comes with a deposit, a credit check, and a monthly financial commitment, most people can't afford the lease and want to own a physical asset.

Do you mean as a trader or a general member of the public?

Many will load a cat car with extra premiums, some won't.

If you call 20 years steep.

You're welcome

You're welcome, good luck with it.

If you watched the whole video I tell you at the end that the guy who hit me admitted it on the spot and then later claimed that I reversed into him on a roundabout, so had to go through insurance, his insurance took responsibility when I pointed out that for me to cause the damage to his work van I would have had to have been on the pavement. But, I came off better for it as I received full retail value for the car, repurchased it for very little, and then was able to sell it again after a quick repair. My insurance didn't go up as it was a non-fault accident and I have protected no claims.

@@Stevesautos Might of been protected no claims,that stopped your next insurance going up, But Ive heard many cases where it was not the persons fault and even though the other person had admitted it , the others persons insurance went up, This has also been said by a insurance person who was asked about this and he gave the reasons that I stated in my first post,that the percentage of claiming again goes up once you have been hit, and this is why they put peoples insurance up, This also might depend on where you live and who you are insured by, who knows with these insurers ,

@@piecetoyou8285 I believe that a policy like a trade policy is a business category, so it works slightly differently, I've been hit twice in the past four years, the first a lot worse than this and the other party admitted liability and the insurance company confirmed that my policy would not go up the following year because of the accident, I actually changed insurance companies and I didn't have to declare any non-fault accidents.

I pay a small lump sum so my monthly cost is £100 a month, but that's just the way I like to work it, you usually need to pay 25% I think and then can finance the rest.

Glad I could help!

A trailer is useful to collect cars, but you still need the trade policy to cover theft, damage and road use.

Most welcome 😊

@lmr9512 I bought my first sales car when I was 19, I was working nights for Parcel Force (Royal Mail) while putting myself through university (I come from a under privileged background), one of the drivers had an old Land Rover series 3 in the staff carpark, he had been trying to sell it in the yellow free ads (before internet) for months for £200 but didn't even get a call. One night the manager came and said the big bosses were coming to visit the depot the next day and everyone had to clean the place, plus this Land Rover had to go that night. The driver had nowhere to store it and asked me if I wanted to buy it, he said it had £50 a diesel in it and to make him an offer, so I gave him £50 for it, drove it home and the next day I put it up for sale for £900 in the same yellow paper that he had, I had something like 15 calls on it and within twenty Four hours someone came and gave me £800 cash for it. I took that £800 and bought another car and that's how I started, selling one at a time, I had no storage and wasn't registered as a trader or even knew what I was doing. A short time later my dad passed away and I had to make money while continuing my education, I worked evenings in a local hotel, delivered curries on the weekends, and sold cars so I could give my mum some money. I grafted for everything, and lost it all twice, but cars have always been my back up income. If anything, my journey with cars proves that you can start with very little, in difficult circumstances, and make money.

@@Stevesautos amazing thanks for sharing and god bless

Hi James, thanks for that comment, I appreciate it. Yes mate, that's exactly where I buy the cars from, as many as I can from main dealer part exchange to avoid auction fees on both sides. Best of luck.

Thank you so much for your quick reply, keep up the great videos Steve many thanks James

No I didn't, you pay tax at the end of the year based on the total profits from all vehicles, if you take 100% of the profit made on your first car and buy another car, you don't pay tax on stock. And I also didn't forget VAT, you won't be VAT registered when you first start out, you need to turn over £90K before you need to register for VAT.

check out my other video on my channel, it will answer that question for you.

Not my car buddy, it was a dealer loan to make the video when it was new.

@@Stevesautos Fair enough. This car was clearly a lemon.

But fades within a few months as your exposing the pours to the elements, with the proper treatment it can be a long term solution.

I just watched you do the most ordinary wheel paint job I've ever seen on one of your vids. Banging on about saving money. Have you suddenly got a concious now?

​@@Stevesautos oh and you forgot to add the price of rear springs and front brake pads to your cost margin.

Painted wheels aren't going to fade in a few months are they. An ordinary paint job, on an ordinary car, that sold for an ordinary price. I think you mean conscience, genius. Conscious (concious I'm guessing) means awake and responding.

*Conscience

Which one are you talking about? The hand held is just for auctions so is cheap and cheerful, the bigger one runs all different kinds of software, same as a branded dealership uses and was about £1300 with licences. This channel is all about starting out, and guys don't have £300 to spend of an OBD.

Thanks mate, I'm working on more content, I'm so busy I struggle to get it all recorded and edited, but I am working on it. I actually started in Newport, so not far from you, from a terraced house, I made sure I only bought the cheap to-tax cars so I could legally keep them on the road, as long as you tell your insurance company you can do it legally. I had one car at a time in the beginning and then when I had more vehicles I would ask friends, family, and even neighbors who had some off-road parking if I could use their drive, whenever I sold a car I would buy them a bottle of wine or something as a thank you. There's always a way, if you're going to start, now is a great time, summer is here so lighter nights and better weather to get them cleaned. Best of luck, you can do it.

Gern geschehen. Es freut mich, dass ich helfen konnte.

It's people like this guy who are the reason all our insurance premiums go up, he ran in to the back of me, took responsibility and then a few days later claimed I reversed in to him, that could have cost me my no claims and my premium going up next year. What it actually did was cost the insurance company to investigate, plus a hire car for every day they they took to prove it. I think people who do this should be named and shamed, especially as my insurance company proved he was in the wrong. I personally think people who lie in these situations should be prosecuted.

Cheers, man.

Cheers buddy.

Hey Adriane I've been trading since I was 17, If I did it full time I would lose my passion for it, so very much a hobby and provides a nice second income from my driveway (that most would consider a full time income), I have another business that keeps me extremely busy.

Why, I did everything it needed.