Is flipping cars illegal?

Flipping cars in the UK is not illegal and may people buy and sell cars as a side hustle or hobby. You don’t even need a licence to trade in cars at all in England and Wales, and it can be a great way to learn if selling cars full-time is the business for you. … Read more

Do I have to pay tax on the profits I make flipping cars?

If you are making a profit of over £1000 per annum flipping cars you will have to notify HMRC and pay tax on any profits. But if you make under £1000 HMRC have introduced a tax free allowance to cover “self-starters” with small, hobby-based businesses. So if you flip a car and make a profit … Read more

Is car sales a stressful job?

Yes car sales is a stressful job. The job of a sales executive or car dealer is considered one of the most stressful jobs you can have. Sales staff and dealers work long, erratic hours spending much of their time showing cars to potential clients, following up leads, dealing with endless paperwork and managing enquires. … Read more

How to avoid buying a bad used car

Used car buyers are always worried about buying a bad car. But luckily cars have never been better build or more reliable than they are today, greatly reducing the chances of buying a bad car. But there are still lots of things to check before agreeing to buy a car. Below we will cover everything … Read more

Putting a car into storage (with tips)

When storing a modern or classic car for an extended period it’s important that its stored correctly. There are a large number of car storage specialists in operation these day offering both internal and external option on a long or short-term basis. The best specialists offer dehumidified, climate controlled, and secure luxury car storage for … Read more

Can you make money buying and selling cars?

The short answer is yes you can you make money buying and selling cars. Whether you are thinking about a small operator flipping cars as a side hustle or a large dealer group. There is a lot of money to be made buying and selling cars. How much money can you make selling cars? Franchised … Read more

What’s the average markup on a used car

The average mark up on a car in the US is around $2500 and in the UK it is circa £1250. Both these figures are averages and the actually margin a dealer will have in a car can vary massively, and a used car or specialist dealer may work on a higher margin than a … Read more

Should you take a deposit on a car?

There are a lot of things to consider before taking a deposit on a car, and there are dos and don’ts for both the buyer and the seller to consider. Below we will cover what a deposit is and help you understand if you should take one when selling a car. What is a deposit … Read more

Can I buy and sell cars at auction for profit?

Yes you can and lots of car flippers and dealers do the successfully. But there is a lot to learn if you are going to be successful. Below we cover everything you need to know to get you started buying and selling cars at auction. How do car auctions work Auctions have long been the … Read more

What qualifications do you need to be a car salesman?

You don’t require any qualifications to become a car salesman or sales executive in the UK. Lots of managing directors, sales managers and used car dealers also have very few academic qualifications. You will however need a willingness to learn on the job and exceptional people skills are a requirement if you are going to … Read more