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@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 @luqmankhan9631 There's Glass guide and CAP HPI, which can give you an idea of trade value and retail value, but you need to use your common sense, the car condition will adjust the price. In reality, you don't need to subscribe to these as most auctions will tell you the trade value in the catalog, but as with everything it isn't that simple. I'm trying to put out a video every two weeks at the moment and I have been asked this question several times before, I will make this video for you guys by the end of the month, it will be a walk-through of how I price cars up, and you can take from that what you will.

@@Stevesautos Thank you for the answer! And yes a video on this would be extremely useful! Again thank you for being honest and upfront with us :) Looking forward to future uploads

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.

Glad you liked it

Mate this was exactly what I needed, been in the trade 13 years working at VW on sales, I've had a 4 year sabbatical and wanted to get back into but on my own rather than working looong hours at a main dealer, any tips on where to source stock from? Thanks

@@garethwinnard4876 Hi Garath, the best place is always to buy main dealer part-ex if you can, sounds like you may have some connections already to buy direct and skip the auction fees. Otherwise, the auctions, BCA is still the best. I wish you luck, mate.

Auction yes, also go and speak with the main dealers, they will often let you buy the part ex cars instead of paying auction fees.

No, I'm registered as a trader so the logbook never gets sent off, you can either send off the trade slip on the logbook or register it online as in trade. This way the DVLA know you have the vehicle but it does not add any owners to the logbook.

Glad it was helpful!

You're welcome 😊

Glad it helped!

lol, someone will fall in love with the car from the outside, it's a simple case of expectation vs profit, gear gaitor was about £15, for a more expensive car then yes I would have changed it, it wasn't a showroom condition car so I don't think it needed any extra spending on it. But, yes I am anal about number plates lol

@@Stevesautos unless they get advised as deteriorated on mot i never bother with the cars i flip.stuff like leather coming off gaitors or handbrake shrouds yes as you can see them when sat in the car.you cant see a number plate from inside car.keep up the good work and flipping them over

@stephenwilliams2913 there are only a handful of companies that will touch drive way traders, I changed in December from Tradex to AXA, I've been with Tradex for 5 years but they put the price up over £400, where AXA upped the value of my stock to £7500 with an unlimited number of cars. It is a mind field which doesn't make sense to anybody.

@Stevesautos Many thanks for the advice. I really appreciate it. Will give AXA a ring in the New Year.

You can be as negative as you like, you clearly didn't listen to a word I said. I'm not an alloy wheel professional and I don't claim to be, this was a budget car with very little profit in it, having them professionally done would have cost money and added no value what so ever to the vehicle in this price band, I was covering up shoddy work that someone else had done to make the car presentable for a quick sale at a budget price. On higher end cars I use guys like you literally all the time.

@@Stevesautos oh I listened alright and I will point out a bodged job regardless of how little profit is in a car sale, those wheels could of been made to look like new for £30 material costs had you took the time to research how to do wheels properly. I recommend looking up this youtube channel " CVR POV " which will show you how to do a decent job on spraying wheels for very little money and doing other stuff to car bodywork which would come in handy if you are selling cars. Probably cost £30 in materials to do a proper job once you spent a little bit of time practicing. Also never spray wheels while on the car makes the faces look new but behind the spokes still look like crap highly noticeable. Spraying the faces while wheel is off the car the paint flicks down the inside barrel giving the clean appearance behind the spokes

@@glitchtheory6609 you listened alright yet one of the first things I said was don't put a comment saying I'm doing this wrong, yet here we are. For someone in the motor industry you clearly don't understand the key element, expectations, you're talking about taking each wheel off and spending £30 - £40 on materials, which is too much cost in labour and materials for a quick flip that went out just above trade value to a guy that wanted it to drive to work and park it in a steel works car park all day. I understand you are a professional, but that isn't what I was going for, you need to manage the expectations of the buyer and for a car that cheap the expectations are very low for the price they paid. The only person that wasn't happy about this whole thing is you, and you are neither the buyer or the seller. Listen to what we were trying to achieve before making a comment, this channel is about quick flips for cheap cars, not restoring everything to forecourt display.

@@Stevesautos Yea yea yea blah blah blah,,, I get it low effort low reward LOL best of luck sharpening your skill set for selling cars. Would be funny to see you doing this method and finding out what a fry up is while doing your rattle tin wizard skills

@@glitchtheory6609 Been selling cars for 25 years pal, when your brain can contemplate what profit vs expectation is, come back and share your thoughts, until then pipe down in the cheap seats.