Article

Buying and selling cars

Topic: Business ConsultingPublished January 12, 2011

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Ever since I can remember I’ve loved cars, small ones, big ones, powerful ones - I just love cars. As I grew up my passion for cars grew too, while my mates spent their pocket money on toys and sweets I spent mine on toy cars, car magazines and model cars. At 17 I took my theory driving test and before I turned 18 I passed my practical driving test. I convinced my mum to buy me a car before I had passed my test, it was a Vauxhall Corsa 1.2 SXI. As I went through college and university I started dabbling in buying and selling used cars to help me be around more cars. Initially I started off buying cars under £500 and selling them on for a small (sometimes very small profit), with a little bit of experience both good and bad, I started venturing into more expensive cars, still under £5,000 though. I use to source my cars from auction houses, repossession firms and large franchise dealers clearing out their part exchanges. I came across some interesting cars, some very nice ones and some very hard to sell ones. My favourite had to be an imported Toyota Celica; it was quite powerful and so much fun to drive. My worst car had to be a Fiat Multipla, it was such an ugly car I was embarrassed to drive it, but surprisingly it sold really quickly.rnI traded cars for about 3 years; it’s definitely not a 9-5 job. I remember having to wake up at 6am on Saturdays to go to the auction to buy used cars in Derbyshire. The phone would ring at anytime of the day and at any time of the week. Given the cash and a bit of car parking space I would definitely venture into trading cars again, but it’ll be more as a hobby rather than a money maker, purely because when money gets involved it takes the fun out of it!

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