1 year birthday !!! what an exciting year.
This time last year I was busy incorporating the company setting up all the necessary accounts and internet platforms and selling my first few cars. I sold 3 cars last March 1 retail and 2 trade. clearly this is not enough to run a business ha, but you have to start some where.
My first car trading as usedcars4less and on my own was a MINI that a bought from another car trader Tavistock motors and I ended up selling to Haliwell jones and delivering it to Preston, all in all I made £57 profit :-)
On Tuesday the first of September 2015 I am relocating the business USEDCARS4LESS to a forecourt and office styled plot. The move is necessary to give my customers an easy hassle free meeting place. I currently operate from my home address and I had commercial storage for cars off site. This was fine short term but this new Forecourt style business gives me more flexibility to meet a customer at short notice as I live just 15minutes away. All the stock can be kept at the same location instead of running around after cars.
This week I have been mostly... trying to find good stock. ( Read as the man from the Fast Show who lives in a shed ) Its tough out there for stock. I avoid Auction cars as you pay more money than you want for a car another dealer has decided isn't worth keeping. I like to buy Part Exchanges from Main Dealers. That flow of cars is very slow at the moment and is becoming increasingly rare with dealers turning to Auction policy.
What is value for money when it comes to a used car
Once upon a time, only a few years ago, you could happily build an audience and promote your business on FACEBOOK cost effectively. Fast forward to now and it’s a constant drain on your bank balance just for your everyday posts to be seen. This is because FACEBOOK have reduced your natural reach. So when you post something for the first time the best natural unique user reach you could hope for is about 20%. We have 850 likes on our page currently and with no engagement on a post ie. no likes comments etc the reach varies from 20 to 200 depending on the time of day I post.
I thought it was a good topic as i have recently had a CAT C in part exchange.
CAT C is short for Category C
My bank manager at Barclays Carlisle (who is brilliant by the way) thought this would be useful for used car sales and I definitely agree! All small business' work hard to control cash flow but when you are dealing with cars zero capital means missed opportunities. So the thought of waiting for 5 working days for a cheque to clear is both bad for the customer and bad for productivity. For me this was a no brainer a Barclays card machines costs £25 a month and I think having prompt payments and cars gone quickly is £25 well spent.
I think there is a perception that a car dealer can perform the darkest of arts on you and make you buy something you don't want; that once you have bought a car a host of people with manager in their title can brain wash you with trickery and Magic.. So your automatic reaction is to say "NO thanks" to everything.
Take GAP insurance , Return to invoice insurance. What ever it's called you will have been offered it or you will have had someone try and sell it to you at the point of buying a car.
Consider where you are going to view the car you have found online.
There is no point going and driving a car 3 miles around a trading estate past the shops out in to the countryside and back if your day to day driving is City traffic or motorway commuting.
Monday: 9.30am - 5.00pm
Tuesday: 9.30am - 5.00pm
Wednesday: 9.30am - 5.00pm
Thursday: 9.30am - 5.00pm
Friday: 9.30am - 5.00pm
Saturday: 9.30am - 5.00pm
We would highly recommend you make an appointment before travelling.
01228 317 371 or 0754 333 8881