So many people asking stuff about the car trading topic. There’s so much more I could talk about. I might have to do more… Did you see the Abarth 595 video? Check it out here: th-cam.com/video/TUQ_LFcj798/w-d-xo.html
Ngl I fought this video was going to be one of them generic "how to make money" or "how to sell cars" video. But once again Calv you did it again and are actually giving advice from your personal experience! Top man!
Hi Calvin ..Good job you have the car buying shop to generate stock. Auction prices at BCA and Manheim have gone nuts. Cars are going for well over CAP prices and in some cases at retail price. Great video ...
Brilliant video mate! You may have a video on this, but could you make videos going into the process of some of these. As in, I want to buy Salvage vehicles or scrap, fix and then sell on. But the process of that?
Look to make some extra cash and I have a big interest in cars so I'm sure I will give the car trade a go even if I just buy one and flip for profit now and then great video calv
Calv is bang on. Money is in the buying. Stand it in wrong and you work for free. Standing in value SIV. Make a nice car for somebody. Make nothin on it. All in the buyin in right . Buy anything under price do nothing to it flip it money quick. Present it nicely. Make more. Buy it wrong present it well have zero profit. Buy em right. End of
How would you go about moving the car with insurances and stuff like that if you only plan on doing a few cars here and there to supplement income? Or perhaps just starting out and can’t afford the relevant insurances? Not excepting you to see this Calvin but if anyone has any input it would be appreciated :) I’m seriously considering starting to trade cars.
On a note I seen a new crafter don’t know what spec I was driving past a van Centre and they had a LWB Mid top up for 47k 😳 and you get the cheeky of some car owners open the door on you van and say “it’s just a van” wtf the van cost more than your car 😳 but a golf R van for me has to be a Man van 😎
Great video 👍🏽 would love to see a video running through the things we need to know about selling a car, V5, how to create a sold as seen document, how we insure the car for a short period, should we transfer ownership of the car (does this add an another owner on the car?).
Insurance company asked for a lot of money coz I have only 3 years no claim bonus . Is holding me back, one day I'll make it, thanks for your motivation 🙏
Love the video Calvin. Please do a video on car insurance for someone selling cars as a side hustle. E.g how can a guy without a business insure the cars so you can go out on test drives without annoying insurance company because you keep changing vehicles.
I'm 22 and looking to starting buying and selling a small amount of cars. I looked into traders insurance so I can pick these cars up but for my age this is crazy money, do you have any advice on how to get around this? PS - Great Video and you honestly inspire me to do more.
Very informative on the aspects discussed Calvin but one aspect you've left out is insurance. I've just got a quote on a part time traders policy. Based on 6 cars a year at a retail value of 2500 each (first time buyer cars) it would cost me nearly 2 grand for the policy so that means I would have to sell 3 to 4 cars just to get the money back for my policy. I can earn 100 quid a week extra doing 7 well 12 overtime on a Saturday morning (which would be time spent working on cars if I was to start buying and selling) I'm an hgv driver and a mechanic before that
Thanks Calvin as somebody who started up in the game just before the lockdown came im struggling…..it’s very hard to keep my head Obove water…..some very good tips here,keep them coming mate love your vids….
Hey Calvin, really good insight into the motor trade. Particularly like the comment you made about “traders deserve to make a profit because they take the risk”. I’m not a motor trader but that really resonated with me. 👍🇬🇧
@@CalvinsCarDiary calv mate that video was top notch, would be good to hear about what happens when a car goes wrong and you have to fix it under warranty,how does a business swallow up say a £3k gearbox replacement etc or engine failure. plenty of traders out there who's warranty isnt worth the paper its printed on. im trying to see it from both sides.... on 1 side you have a customer with a warrantied car that has an issue,now that could be an expensive engine repair or faulty gearbox etc on the side of the trader its going to cost him alot of money to fix IF they dont try and wriggle out of it. then there is the chance that the customer could have done something wrong to the engine causing it to fail. sorry for the long question it kinda just popped into my head lol whats the most expensive warranty repair you have paid out for?
Maybe you should nail that statement about paying income tax. Yes, you can sell several personal cars each year without paying tax but they must have been solely for private use. ie taxed, insured, used by you and registered to YOU. The taxman won't accept you buying and selling half a dozen cars and not declaring a profit and trust me, you won't be grateful for a tax investigation, its horrible.
Best way to start with small then work way up. Now I have 6 cars 😜 japan import classic mini spi, subaru impreza, Nissan note, range rover, BMW 325 and vauxhall insignia to sell
How do i buy a car without adding an ower to the car. Only 20 so dont want to go fully legit in terms of being a registerd company as insurance will cost a bomb and cant get traders insurance.
Put it in trade mate. Your company name could be “I MC cars” put that name on the yellow slip (or online) along with your current address then it’ll take it out of the customers name and put it in your name but as if you’re a trader. That way you won’t add a keeper to the V5 and you can use the green slip (V5c/2) to tax it if you need to.
The new thumbnail look tacky and don’t look good especially when they’re all gonna be the same. You should’ve just kept it as it was. If you start to change too much and don’t keep it as it was then people lose interest in it but those thumbnails just look like it’s branded!
Great video, thanks a lot, good actual real life tips coming from an extensive experience. I would add one question tho: you said at the beginning that( 2. Sourcing) one of the ways is to find a specific car for a customer. What to do or how to start in order to gain that trust in front of the customer, that trust that will make him come to you and not to other supplier of similar services?
You’re going to charge a lower price, maybe even just break even. At first this might be necessary to win people over because they could spend the same amount and go to a well known place and have a much more secure and pleasurable purchase.
Mention How To Advertise Your Car? What Platforms Are Great To Advertise On? How To Prep The Car? on your next video if you need ideas about what to film.
Interesting video Calvin. During this difficult time with covid and the economy very slowly coming up, the job market is terrible for graduates like myself. Places want experienced people but how do you get experience when starting out 🤦. Been thinking of doing other jobs / side hustles to hopefully top up my income
They are gonna stop the production of diesels and petrol car but the old ones will stay so idk it should stay pretty much similar, as some people will go and still buy a combustion engines car as there work requires it or they just like it. But yeah by that time the electric cars would be good, and they can just sell them used.
How do you go about a car that is going up steadily but is 21 years old and had 5-6 owners ( in my eyes 3 year contract deals etc ) good history maybe a bit of tarting up do you buy it tart it up and move it or is it difficult 🤷🏻♂️
Hi Calvin love the video keep it up mate, How much percentage would you charge on a sale on return method ? I have just started up my own so I would like to know what to be charging the client thanks
Great insight into the traders side Calvin! How do you see the market going in next few as most manufactures move towards electric cars, end of petrol heads? 🥴
@@dan.roberts I think that from now onwards they’ll continue on their usual journey that they’ve always been on, a gradual drop each month. It’s like they were all too cheap before but now they’ve found their new place.
So many people asking stuff about the car trading topic. There’s so much more I could talk about. I might have to do more…
Did you see the Abarth 595 video? Check it out here:
th-cam.com/video/TUQ_LFcj798/w-d-xo.html
Ngl I fought this video was going to be one of them generic "how to make money" or "how to sell cars" video. But once again Calv you did it again and are actually giving advice from your personal experience! Top man!
Hi Calvin ..Good job you have the car buying shop to generate stock. Auction prices at BCA and Manheim have gone nuts. Cars are going for well over CAP prices and in some cases at retail price. Great video ...
Perfect timing for this content Calv! Legend.
Great advice Calvin, no secrets hidden, Thanks for sharing 👍
Brilliant video mate! You may have a video on this, but could you make videos going into the process of some of these. As in, I want to buy Salvage vehicles or scrap, fix and then sell on. But the process of that?
Very knowledgeable! Great advice there which can be applied to many businesses and commodities.
Excellent just starting myself 😄😄
Wow Calvin great video you are so positive love your attitude to car trading do more
This advice is priceless🤝🏽
Thank you for your tips Calvin 😉👍👌
Look to make some extra cash and I have a big interest in cars so I'm sure I will give the car trade a go even if I just buy one and flip for profit now and then great video calv
Proper interesting vlog. I love cars and always thought of maybe selling cars as side hobby. I run my own roofing company so it just finiding time
Maybe just try and buy one, just take a punt on something. See it as a bit of fun and see if you make a profit.
Fantastic advice Calvin 👌
Living the dream!
good insight calv
Calv is bang on. Money is in the buying. Stand it in wrong and you work for free. Standing in value SIV. Make a nice car for somebody. Make nothin on it. All in the buyin in right . Buy anything under price do nothing to it flip it money quick. Present it nicely. Make more. Buy it wrong present it well have zero profit. Buy em right. End of
Well said.
How would you go about moving the car with insurances and stuff like that if you only plan on doing a few cars here and there to supplement income? Or perhaps just starting out and can’t afford the relevant insurances? Not excepting you to see this Calvin but if anyone has any input it would be appreciated :) I’m seriously considering starting to trade cars.
day insurance
Hi Calvin, quick question - when you purchase a car as a dealer does it add an additional owner onto the v5?
No mate
Any tips to help me get a pre registered transit custom at a decent price calv? Have a 2016 golf r to chop in thats where im at
On a note I seen a new crafter don’t know what spec I was driving past a van Centre and they had a LWB Mid top up for 47k 😳 and you get the cheeky of some car owners open the door on you van and say “it’s just a van” wtf the van cost more than your car 😳 but a golf R van for me has to be a Man van 😎
risk vs reward bruv
Great video 👍🏽 would love to see a video running through the things we need to know about selling a car, V5, how to create a sold as seen document, how we insure the car for a short period, should we transfer ownership of the car (does this add an another owner on the car?).
Insurance company asked for a lot of money coz I have only 3 years no claim bonus . Is holding me back, one day I'll make it, thanks for your motivation 🙏
Calvin giving the wisdom and its all free that's providing for the people right there 👏
Why does no one go over how to insure and tax the vehicles youre looking to buy and sell on.
Great vid Calvin once again 👍 respect from Wales 🏴
Love the video Calvin. Please do a video on car insurance for someone selling cars as a side hustle. E.g how can a guy without a business insure the cars so you can go out on test drives without annoying insurance company because you keep changing vehicles.
Lots a good advice in this not as hard as I thought it was to start 👍
I'm 22 and looking to starting buying and selling a small amount of cars. I looked into traders insurance so I can pick these cars up but for my age this is crazy money, do you have any advice on how to get around this? PS - Great Video and you honestly inspire me to do more.
Very informative on the aspects discussed Calvin but one aspect you've left out is insurance. I've just got a quote on a part time traders policy. Based on 6 cars a year at a retail value of 2500 each (first time buyer cars) it would cost me nearly 2 grand for the policy so that means I would have to sell 3 to 4 cars just to get the money back for my policy. I can earn 100 quid a week extra doing 7 well 12 overtime on a Saturday morning (which would be time spent working on cars if I was to start buying and selling) I'm an hgv driver and a mechanic before that
It would be great if you could include some information about insurance for someone doing it from there driveway on your next video. Cheers calvin
Yessss calving great video, your a inspiration, more advice will be brilliant 👍👍👍👍👍👍👍
Thanks Calvin as somebody who started up in the game just before the lockdown came im struggling…..it’s very hard to keep my head Obove water…..some very good tips here,keep them coming mate love your vids….
Hey Calvin, really good insight into the motor trade. Particularly like the comment you made about “traders deserve to make a profit because they take the risk”. I’m not a motor trader but that really resonated with me. 👍🇬🇧
Risk, overheads, responsibility, years of learning and pressure. If we’re earning money at long last, we deserve it.
@@CalvinsCarDiary calv mate that video was top notch, would be good to hear about what happens when a car goes wrong and you have to fix it under warranty,how does a business swallow up say a £3k gearbox replacement etc or engine failure. plenty of traders out there who's warranty isnt worth the paper its printed on.
im trying to see it from both sides....
on 1 side you have a customer with a warrantied car that has an issue,now that could be an expensive engine repair or faulty gearbox etc
on the side of the trader its going to cost him alot of money to fix IF they dont try and wriggle out of it. then there is the chance that the customer could have done something wrong to the engine causing it to fail.
sorry for the long question it kinda just popped into my head lol
whats the most expensive warranty repair you have paid out for?
liking the colourful thumbnails boyyyyy
Thank you calvin
Do you put the log books in your company name?
Damn Calvin I'm reading your title wrong I thought it meant how to be a Dr*g dealer...
🤣
With SOR how does a warranty work? Who covers any problems?
Typically it’s the trader as they are selling at a mark up (dealership price), which involves providing a warranty for that extra cost.
THIS IS WHAT I'VE ALWAYS WANTED. 10/10 CALVIN legend
Very eloquently described Calvin,you are a great example to the trade,well done mate.
Thank you mate 🙏🏼
Maybe you should nail that statement about paying income tax. Yes, you can sell several personal cars each year without paying tax but they must have been solely for private use. ie taxed, insured, used by you and registered to YOU. The taxman won't accept you buying and selling half a dozen cars and not declaring a profit and trust me, you won't be grateful for a tax investigation, its horrible.
Best way to start with small then work way up. Now I have 6 cars 😜 japan import classic mini spi, subaru impreza, Nissan note, range rover, BMW 325 and vauxhall insignia to sell
How do i buy a car without adding an ower to the car. Only 20 so dont want to go fully legit in terms of being a registerd company as insurance will cost a bomb and cant get traders insurance.
You don’t have an actual choice other than trying to mug the seller to give you the logbook without transfer it on your name.
@@alexandrustefan9059 not much chance of that then lol
Put it in trade mate. Your company name could be “I MC cars” put that name on the yellow slip (or online) along with your current address then it’ll take it out of the customers name and put it in your name but as if you’re a trader. That way you won’t add a keeper to the V5 and you can use the green slip (V5c/2) to tax it if you need to.
@@CalvinsCarDiary that is why people watch you! You actually reply!!!😂 cheers.
The new thumbnail look tacky and don’t look good especially when they’re all gonna be the same. You should’ve just kept it as it was. If you start to change too much and don’t keep it as it was then people lose interest in it but those thumbnails just look like it’s branded!
Great video, thanks a lot, good actual real life tips coming from an extensive experience.
I would add one question tho: you said at the beginning that( 2. Sourcing) one of the ways is to find a specific car for a customer. What to do or how to start in order to gain that trust in front of the customer, that trust that will make him come to you and not to other supplier of similar services?
You’re going to charge a lower price, maybe even just break even. At first this might be necessary to win people over because they could spend the same amount and go to a well known place and have a much more secure and pleasurable purchase.
@@BIG2hats thanks a lot for your input!🙏
Mention How To Advertise Your Car? What Platforms Are Great To Advertise On? How To Prep The Car? on your next video if you need ideas about what to film.
Interesting video Calvin. During this difficult time with covid and the economy very slowly coming up, the job market is terrible for graduates like myself. Places want experienced people but how do you get experience when starting out 🤦.
Been thinking of doing other jobs / side hustles to hopefully top up my income
Is the car game a dying trade with the fuel ban in the next 8-9 years?
They are gonna stop the production of diesels and petrol car but the old ones will stay so idk it should stay pretty much similar, as some people will go and still buy a combustion engines car as there work requires it or they just like it. But yeah by that time the electric cars would be good, and they can just sell them used.
How do you go about a car that is going up steadily but is 21 years old and had 5-6 owners ( in my eyes 3 year contract deals etc ) good history maybe a bit of tarting up do you buy it tart it up and move it or is it difficult 🤷🏻♂️
Cool mate
Hi Calvin love the video keep it up mate, How much percentage would you charge on a sale on return method ? I have just started up my own so I would like to know what to be charging the client thanks
Corsa gear linkages, plastic balls and the new ones were metal….. makes you wonder if they done it on purpose
This will blow up, great video bud, but a extremely stressful industry with some very silly customers
Love the video Calvin, was only just telling my brother and a few friends of how you used to do videos like this 💯😎👍👊🔥
Great insight into the traders side Calvin! How do you see the market going in next few as most manufactures move towards electric cars, end of petrol heads? 🥴
Great Video Cal, quick question, do you offer cars at trade price ? If not wheres the best places to look at? Thanks
Great punchy video. 👍Look forward to Sundays. Thanks for all your content
You could go into financing for the dealer in future videos. I doubt once you start to get larger you pay cash for all that stock.
How dya warrant a car with binca retail? As in how dya pick what warranty to use?
The thing is we’re to put the car and you need to get trade plates and do you have to have a certain insurance?
Like the added visuals Calvin, upping the game again! 🤩👍💪👊
It's so good of you to take your time to make this video Calvin, you are a real gentleman 👍
Would love to see a video on the buying front calv!
Awesome video
Mmm..calvin be carefull what you say
Thanks Calv, informative video!
When you take cars to pakistan you can make thousands
Awesome video, loving the new thumb nails 💪🏻
Finally I've been waiting for this video
Thanks for your advice calv 👍🏼
Really useful video for starting out!
Do a review on the red alfa you have just had in.
Not much content on these cars,
Very underrated cars.
Thanks
Said it was very underranted.
Ace car
Thank you .awesome trader secrets 👊
Great advice "Horses for Courses" 😉
Thanks for the tips keep them coming 😊
super helpful thank you
You the man calv 👍👌
Your best video yet!
Love videos like this 💪🏽
Sup calv
Amazing vid calv
Great feedback Calv. Had a few thoughts about trading for a hobby as I don’t want the tax bill! You’ve given me more confidence now.
👏👏
how long do you think used car prices will remain so high?
They’ve begun dropping again very slightly this month.
@@CalvinsCarDiary wish id bought an e46 m3 6 months ago
@@CalvinsCarDiary do you think they will keep going down as looking at buying a m140i, should i wait? Thanks 👍🏼
@@dan.roberts I think that from now onwards they’ll continue on their usual journey that they’ve always been on, a gradual drop each month. It’s like they were all too cheap before but now they’ve found their new place.