Should I start my own car business?

I'm about to be made redundant and I am looking to start buying and selling cars as a small business. I have little knowledge or experience of the industry, and have no idea about legalities or where to get cars for a good price. Could you give me some advice about entering the trade as a car buyer and seller?

Asked on 25 September 2013 by ASB81

Answered by Honest John

Do something else. Unless you have a natural aptitude and instinct for the trade all that will happen is you will lose your redundancy money.

Tags: buying and selling dealers

Dear Honest John,

Please help me choose my next car. I would like it to have:

Similar questions

Is it normal for a car dealer not to allow a test drive until a deposit has been paid?

I'm three hours drive from a dealer selling a car that my son wants. I contacted the dealer and he said we can't test drive the car unless we buy it by putting down a £500 deposit. Apparently they wont...

How regularly should motorbikes be serviced?

My son and I have just completed our necessary motorbike training and tests, allowing us to ride 125cc bikes. I'm thinking of getting a new Honda CB125F and was wondering if you think I would be able to...

I've paid a deposit on a van I no longer want - can I get it back?

I saw a Citroen Berlingo van for sale but it didn't say anything about the service history. When I enquired I was assured that there was some but the book had been misplaced. I looked at the MoT history...