Uk motor trader license

If you wish to surrender your licence, you can apply for a refund of any complete months left unused, by contacting the DVLA and completing form VTL If plates are destroyed, damaged or lost you can apply for new ones using standard application form VTL Any other changes, such as a change of name or address, also requires you to complete a new VTL application.

If you have any questions or would prefer to speak to someone, please call us on the numbers above or click for more contact options Unicom take your privacy seriously. By subscribing to our newsletter you provide consent for us to contact you from time to time about motor trade news, offers and services.

Trade Insurance For Commercial Vehicles? What Am I Covered For? How Does The Excess Work? Motor Trade Insurance Up to Motor Trade Combined Cover tools, premises, liabilty, stock and road risks in one policy. If you are looking for a quote on a part time motor trade insurance policy, you could save up to Information provided by Unicom Insurance. If you have any questions or would prefer to speak to someone, please call us on the numbers above or click for more contact options Unicom take your privacy seriously.

By subscribing to our newsletter you provide consent for us to contact you from time to time about motor trade news, offers and services.

Trade Insurance For Commercial Vehicles? What Am I Covered For? How Does The Excess Work? First time applicants can apply for seven to month licences. There are a few different avenues you can go down when purchasing a used car.

These are:. Just bear in mind that auction houses, while being the best place to get a bargain, come with the highest purchase risk. Make sure you thoroughly check the terms and conditions and background of the vehicle, otherwise you could end up purchasing a can of worms. No matter where you decide to source your cars from, make sure you do the following:. It includes essential information such as the date the car was first registered, its manufacturer, its engine size, and who is the registered keeper — i.

Starting a business takes money and time, and accountancy software can help with both. Whether you're self-employed, a sole trader, or running a business with staff, you'll need to stay on top of your finances. If you're not ready to employ an accountant to help out, then we suggest using an online accountancy tool.

If you're ready to buy and sell cars, you will want to make sure you have the right tools and processes in place to keep track of your money. Keeping an eye on your outgoing cash and incoming revenue is a necessary part of any successful business. But you don't need to rely on spreadsheets and manual documents if you want to make life a bit easier.

Accountancy software is designed to simplify the complex processes related to money. From tracking your outgoings to managing your taxes, you'll find any finance process simpler with the right tools in place.

Take a look at the accountancy software that we're rated best. Or, take a quick look at our top recommended picks for accountancy software below:. Make sure you observe the Consumer Rights Act The vehicle must be of satisfactory quality. Simply put, the condition of the vehicle should be what any reasonable person expects.

The vehicle must be fit for purpose. In other words, the buyer should be able to use the car for the purposes any reasonable person would expect, including purposes advertised e. The vehicle must appear as described. This ensures that you are not liable for any damages that have been pointed out, nor any breakdowns that may occur through normal use after purchase. It is important that you inform HMRC once you start trading so that you are registered for self assessment tax.

As you start buying and selling more cars, you may decide to form a company rather than operate as a sole trader read more in our guide on sole trader vs limited company differences. He says:. Someone who will help you take that vision and turn it into something more formal.

Accept what you are good at and let others do the rest. So how do you go about turning your side hustle into a fully fledged business? Well, there are two clear options. Having a recognisable name attached to your business always helps to get customers through the door. And bear in mind that you'll need to be prepared to forfeit your cars and any other assets as collateral.

An increasingly high percentage of car purchases are made using credit cards. Such cards present a range of advantages to the customer, including:. Not taking card payments could be a major disadvantage for your business.

Think of all those high-value sales you could lose! A merchant account is simply a type of bank account that allows you to accept credit or debit card payments. It automatically authorises card payments made to your business for a small fee, and then deposits the earnings from the sale in your bank account. Card readers are becoming increasingly compact and powerful, and there are many providers to choose from. Not sure which card machine is right for your car trading business?

So there you have it — your guide to becoming a car trader. Aimee is Startups' resident expert in business tech, products, and services. She loves a great story and enjoys chatting to the startups and small business community. Starting her own egg delivery business from the age of 12, she has a healthy respect for self-starters and local services.

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