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.
Contents
Steps
- Know what you don't need. You do NOT need a trading license to trade in the UK.
- Get trade insurance.
- 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.
- Get to know your local dealerships, both independent and branded. They all either want to buy and sell.
- 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.
