How to flip cars UK | FULL PROCESS (3)

[@EA7Scotty]

Just flipped my first 3 cars last 3weeks ,your videos are really helpful and good to watch 👏

[@carsnstuffuk]

That's awesome - well done mate 👍 and I'm glad you like the videos. I'll try and continue making more in depth ones in the future

[@EA7Scotty]

Thank you mate

[@paulhussey4648]

Who do you use for your trade insurance

[@carsnstuffuk]

@Paul Hussey I contact a few brokers each year but Markerstudy have been the cheapest for the past few years

[@flippingcarsrepairs]

​@@carsnstuffukhow much is your traders roughly and how much allowance on it

[@SAVING_ICONIC_MACHINES]

Great video and lots of information, keep up the good work

[@carsnstuffuk]

Thanks- really appreciate it 🙏

[@will-qc8di]

Great informative video mate! What is the best trade insurance to go for if your under 25? I’m trying to make the step up to BCA so now looking into trade insurance

[@carsnstuffuk]

Thanks mate. I highly recommend Markerstudy but I'm unsure on the under 25 bit. Best thing to do is Google trade insurance and use a comparison site

[@flippingcarsrepairs]

Just came across your channel I do similier but do all the mechanic. Side myself keep the vids coming 👍👍👍

[@carsnstuffuk]

Do you have a channel too? I'd be happy to subscribe! I don't do any mechanics as I'd cause more problems for myself. Luckily I have a garage that gives me a good discount with the amount of work I throw their way

[@flippingcarsrepairs]

Thats well good if ypu have a good garage ​@carsnstuffuk

[@carsnstuffuk]

@flippingcarsrepairs decent enough 👍

[@flippingcarsrepairs]

@@carsnstuffuk just watching you other vids as I didn't realise you done recent ones

[@carsnstuffuk]

@flippingcarsrepairs trying to put out a video once every 2 weeks now ideally

[@afiqnaqiuddin4233]

hi, really helpful videos, am starting car flipping in Dudley as well. Could you please enlighten me regarding insurance ? do you pay for 1 day insurance or other options ?

[@carsnstuffuk]

Hi mate, I have a trade insurance policy so just Google search it and a broker will probably be in touch. That'll work out cheaper than just taking out a 1 day policy overall as you'll need it to be insured on test drives etc. Good luck with the journey 👍

[@mikeharrison5087]

great video 👍 What insurance do you use?

[@carsnstuffuk]

Cheers! I use a company called Markerstudy but it's worth using a broker each year to compare against 👍

[@saadhameed7441]

Hi, which city do you live in? I want to learn these skills

[@carsnstuffuk]

Hi Saad, I'm based on Gloucestershire

[@IEarlGrey]

Do you need business insurance to buy from BCA??

[@carsnstuffuk]

Hi Earl, you need trade insurance to buy from BCA

[@IEarlGrey]

@@carsnstuffuk thanks bud, roughly how much are you paying for trade insurance as I’d like to purchase through BCA aswell as the normal channels

[@carsnstuffuk]

@Earl I started off paying around £1500 (unlimited cars and £5k car values) but you soon make that up with the profit you make over the course of a year. I pay just over £800 now with max car value of £7500

[@wamballa5948]

great videos. where do you find the cars?

[@carsnstuffuk]

Thanks, much appreciated! I mainly purchase all my vehicles from BCA (British Car Auctions)

[@wamballa5948]

@@carsnstuffuk cheers mate

[@carsnstuffuk]

@wamballa5948 more than welcome 🙏

[@DeadlyAquarious]

Lovely video with the animations 😄.

[@carsnstuffuk]

Glad you appreciate them 🤣

[@flippingcarsrepairs]

Was thinking the same it's well good how do you do all that 👍👍👍

[@pollux8132]

Do you have to open an LTD or sole trader to buy from BCA? or you can just get trader insurance and this is enough?

[@carsnstuffuk]

I'm a sole trader with trade insurance. You can open a Ltd business but I haven't yet. However I might do in the future depending on how well I do

[@pollux8132]

@@carsnstuffuk as a solo trader what if you sell cars and break even or lose money does it affect you as a solo trader in terms of taxes and company revenue?

[@carsnstuffuk]

@Pollux it'll count as a loss so you'll pay less tax. Don't want too many of those though but it happens from time to time

[@pollux8132]

@@carsnstuffuk thanks for sharing your tips, yes like I've bought 3 cars from Copart and all 3 cars have timing chain change required, so it cost me 1200£ to fix it (each car), and all 3 sold out at a loss, that's why I'm wondering, how you approach it if you get such problem.

[@carsnstuffuk]

@Pollux that's why I don't buy from Copart as you can see the bodywork that needs doing but they never mention any engine issues. Sorry to hear that mate

[@WatchReviewsme]

Do you know how to sell cars on finance?

[@carsnstuffuk]

I've never really enquired about it to be honest

[@mzworldd8794]

Do you sell the cars with warranty ?

[@carsnstuffuk]

I do on cars less than 10 years old 👍

[@mzworldd8794]

@@carsnstuffukthanks for reply. which warranty company do you use if you don’t mind me asking ?

[@carsnstuffuk]

@Mz Worldd Not at all mate. It's a company called Handler Protect

[@mzworldd8794]

@@carsnstuffuk appreciate it mate thankyou

[@carsnstuffuk]

@@mzworldd8794 more than welcome 👍

[@wellybobs4403]

Just some advice about commentary. .. obviously you read it but the art is to make it sound like you are just talking "off the cuff" hope that helps.

[@carsnstuffuk]

Appreciate the advice mate. I've tried and still learning to be honest. I'm sure I'll get there eventually but will prob take a bit of time