How do I become a registered motor trader in the UK?

I'd like to become a registered motor trader in the UK specialising in selling affordable family compact cars (an area I feel that is not very well covered at the moment). I already have a limited company but I'm unsure about what else I need to start buying at auction as a motor trader rather than a private buyer?

Asked on 16 May 2010 by leerobinson

Answered by Dan Harrison

To get started, I suggest you read a few of the threads in our Back Room forum, such as this: www.honestjohn.co.uk/forum/post/index.htm?t=80245. It's a subject that's been visited a few times before. Tips covering buying at auction are featured in our Frequently Asked Questions: www.honestjohn.co.uk/faq/buying-at-auction

Tags: traders dealers

Similar questions

Did I buy my van as a private or trade sale?

I purchased a used van and would just like your opinion on whether it was a private or trade sale, as there is a major problem with it after just two weeks. It was advertised as a trade advert on the internet,...

A trader wants to buy my car. What should I be wary of?

A trader has offered to buy my car at an acceptable price with no test drive, sight unseen, paying by bank transfer. He will trailer it away and says he is local. What should I be wary of? He said he will...

I was sold a car that turned out to be an ex-hire car - do I have any redress?

I trade in second-hand cars. I recently purchased a car which turns out to have been an ex-hire car. The seller owns a small hire company. In May this year the seller transferred the car into his private...