Become a Car Dealer in the UK

If you look around the internet for information on becoming a car dealer, you will inevitably find most of the information is US-centric, which is little help if you are UK-based.

Steps

  1. Know what you don't need. You do NOT need a trading license to trade in the UK.
  2. Get trade insurance.
  3. Get yourself familiar with HPI to check the status of any car you buy - you simply don't want to have a car which is stolen, subject to finance or a write-off. It's a sure way to LOSE money.
  4. Get to know your local dealerships, both independent and branded. They all either want to buy and sell.
  5. Get on the internet. People will drive hundreds of miles for the right car.

Tips

  • Get smart:
  • You don't have to have Trade Plates to buy and sell cars
  • With the internet, crucial information can be at your finger tips - it will help you make the right decision quickly.
  • buy a suit and get an internet connected phone. People trust well presented people.

Warnings

  • Don't ignore HPI checks - if there's an issue, the car may be taken away from you and you will lose it.
  • Make sure the cars in your possession are road taxed.

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