The £5000 Start Up (Car + Trailer + Licences etc etc..)
Discussion
Hello lads and ladies.
Do you reckon you could start flipping cars with £5000.. I'm beginning with nothing apart from the cash.
License. Being born in 2001, I do not possess grandfather rights. Making my MAM towing weight a gross of 3.5 tons? If im correct. However I was thinking, with a train weight of 3500kg. Can you actually tow a car? So basically I'd like some advice advice answers from the more experienced among you. Thanks
- Does the towing car have to be heavier than the combined weight of the trailer and car you are towing?
- Can you use net weight if you by a set of mobile scales, or is it always gross manufacture states weight.
- Is it a C+E license I'd required for bigger vehicles?
- with 5 grand I could aquire a Quattro Audi A4, a car trailer, insurance and tax. This a good road to go down? Currently In a position where it would need to be a vehicle which I can Daily to my full time job.
This idea has sparked off the back of an opportunity. My A35 AMG has blown up, in for warranty work, and they are flat out refusing to issue me a company car due to my age. So while I'm fighting that case, I thought why not start up a little company and use the car that gets me to and from work to also tow. Any and ALL advice will he read and appreciated. Thank you
Do you reckon you could start flipping cars with £5000.. I'm beginning with nothing apart from the cash.
License. Being born in 2001, I do not possess grandfather rights. Making my MAM towing weight a gross of 3.5 tons? If im correct. However I was thinking, with a train weight of 3500kg. Can you actually tow a car? So basically I'd like some advice advice answers from the more experienced among you. Thanks
- Does the towing car have to be heavier than the combined weight of the trailer and car you are towing?
- Can you use net weight if you by a set of mobile scales, or is it always gross manufacture states weight.
- Is it a C+E license I'd required for bigger vehicles?
- with 5 grand I could aquire a Quattro Audi A4, a car trailer, insurance and tax. This a good road to go down? Currently In a position where it would need to be a vehicle which I can Daily to my full time job.
This idea has sparked off the back of an opportunity. My A35 AMG has blown up, in for warranty work, and they are flat out refusing to issue me a company car due to my age. So while I'm fighting that case, I thought why not start up a little company and use the car that gets me to and from work to also tow. Any and ALL advice will he read and appreciated. Thank you
http://www.alfretoninsurance.com/portfolio/motor-t...
or someone else brokering Tradex
PS, I've not been near the car trade in about 15 years, so my info may be out of date.
or someone else brokering Tradex
PS, I've not been near the car trade in about 15 years, so my info may be out of date.
What is it your planning to do? Sell cars on? Or move them about?
If your buying cars then stick to local purchases and just get a lift there from a mate. Far cheaper and less hassle than having to purchase car, trailer, insurance, potentially sitting your B+E Licence as youll need it to move anything of a decent size.
If your buying cars then stick to local purchases and just get a lift there from a mate. Far cheaper and less hassle than having to purchase car, trailer, insurance, potentially sitting your B+E Licence as youll need it to move anything of a decent size.
No. If you plan to buy a car privately, get it registered in your name, then try to flip it for a profit of a few hundred pound, with the aim of doing a few a month, good luck with that.
I tried to do it on the side and stopped after one car (this was recent). I bought a cheap old car off Facebook marketplace local to me, it was dirty, poorly written advert and knew I could knock them down. Up for £600, bought for £400. Spent about £60 tarting it up and 2 days work cleaning and machine polishing it. Sold on eBay for £780 with a proper advert and good photos (took 10 days to sell and several time wasters). Yes I made £350-odd profit but I had looked at 2 previous cars already where I couldn’t haggle low enough (I estimated what my bottom price would be and what I could sell it for) but I wanted to do it with one as an experiment so kept searching locally. Just not worth it. Searching Facebook/Gumtree for a good candidate which you know you can haggle down a bit, most people still want top dollar privately or will just get rid to WBAC or dealer trade-in. I was thinking I could do a couple of month easy making £400 a pop
Stick to the day job and put that £5k in a stocks and shares ISA. You’ll never get it back otherwise splashing out on a B+E license, tow car and trailer which is totally unnecessary if you were gonna do it anyway. Just get the bus to the seller and drive it back.
That’s the reality of it.
I tried to do it on the side and stopped after one car (this was recent). I bought a cheap old car off Facebook marketplace local to me, it was dirty, poorly written advert and knew I could knock them down. Up for £600, bought for £400. Spent about £60 tarting it up and 2 days work cleaning and machine polishing it. Sold on eBay for £780 with a proper advert and good photos (took 10 days to sell and several time wasters). Yes I made £350-odd profit but I had looked at 2 previous cars already where I couldn’t haggle low enough (I estimated what my bottom price would be and what I could sell it for) but I wanted to do it with one as an experiment so kept searching locally. Just not worth it. Searching Facebook/Gumtree for a good candidate which you know you can haggle down a bit, most people still want top dollar privately or will just get rid to WBAC or dealer trade-in. I was thinking I could do a couple of month easy making £400 a pop
Stick to the day job and put that £5k in a stocks and shares ISA. You’ll never get it back otherwise splashing out on a B+E license, tow car and trailer which is totally unnecessary if you were gonna do it anyway. Just get the bus to the seller and drive it back.
That’s the reality of it.
Edited by Prohibiting on Wednesday 12th May 19:37
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