I got a NASTY surprise!

The tax man hit me HARD for selling used cars.
Enter the Vauxhall Adam Raffle Here - raffall.com/35...
/ littlewillowswishcharity
Get all the cleaning products I use here - www.amazon.co....

[@Mark1405Leeds]

Do something with that "classic" Ital before it dissolves!

[@Ro32da72]

Had a Marina back in the day. It did indeed dissolve.

[@scotty6346]

The 1.7 litre Itals were a pretty fast car for their day!

[@davemarshall561]

@@Ro32da72Most cars from that era did

[@markevans2280]

@@scotty6346 it’s already dissolving looking at that o/s front of wing, £3995 ? He’s delusional lol

[@johng7304]

Stock has always been stock! Not a cost of sale until you sell it. You need to find yourself a better accountant or if doing it yourself, educate yourself. What you are saying does not make any sense.

[@neilmatkin3829]

Wow, drone shots, you are going up in the world.😂

[@ChopsGarage]

I know!!

[@fuzzylumpkins6034]

If someone tells me it is a low mileage 1 or 2 lady owner and the car is a diesel I give it a swerve. That means dpf issues from never being driven properly but if it is petrol especially pre 2008 that is a steal. The I10 is mid at best at £4K and not so oddly it is still higher than it would have been 2 years ago. Great job with the drone shots.

[@ChopsGarage]

cheers

[@johnnie5wreckingyard]

If you are selling top cars , clean and serviced then why sell the i30 for $4k instead of $4500 ? If you sold it at say $4250 you are 250 better off and its still under priced You know those i30s walk out the door as it is so why give em away ?

[@filipwennergren2712]

Only in the UK a Land Rover is a "good" buy ;) Love them, but i´m not going back to that black hole of cash. Driving a Lexus RX nowadays, and i´m bored but much more cash wealthier...

[@Silver3ides]

Just Rememeber if your being dropped off , North Devon has only ONE Train a day heading back to civilisation and that's on a 'Coal permitting ' basis 🤭

[@ChopsGarage]

lol

[@johnnorth9355]

Just when you think you are OK the taxman cometh lol .

[@khalidacosta7133]

Needs the pound of flesh paying of course.

[@ChopsGarage]

yep!

[@ChopsGarage]

@charliecoco2115 🤣 go on then , how much would you pay for faulty cars then if offered them?

[@leepenney6104]

Ironic how popular small cars are considering most manufacturers are binning their models

[@johnpritchard2772]

Hello James - ohhh, the "TAX MAN" can be a challenge! My parents had a corner shop / mixed business, and I remember my dad telling me, a good accountant pays for himself, saves you money and keeps the tax man happy!! Hope you get everything sorted?? Best wishes from Lincolnshire

[@nickskipper2245]

Hi James, regarding the bank security checks I have been on the other end of this as a buyer a few times, however the last couple of times I have made a small payment into the sellers account before the the main payment and then the main payment has gone straight through! Even as little as £1.00 mainly to confirm the account details are correct. Hope this helps as it is a pain for both parties.

[@markfoden765]

Bloody tax man as if he don't get enough,you definitely need to start not giving anyone a reduction on you're car(unless it's me ofcourse 😂)gotta say I think the people doing 5 test drives were taking the piss out of you so just hope they don't become the next kia man🙈🤣

[@Nicknofish]

Chops, great video, as always. The big mercedes, what's happening? Cheers for now.

[@ChopsGarage]

Cheers! Awaiting a part

[@jasonboynton-lee109]

The quote at 7'33 had me in stitches - obviously unintended double entendre: "She actually said she would take it dirty!" 😂😂

[@mrc-by4vp]

hi james i owned a motorcycle bussiness for 15 y untill 2020,do not miss it at all now i work for someone 40 hours finished easy.do not miss the stress mate good luck

[@Julian-do7bv]

I think it may be time for a shop upgrade chops at least gravel the lot or something would make the cars present so much better and keep them cleaner not sitting in the muck

[@harrypalmer6228]

A good accountant would have signposted this issue a long time ago. Get better professional advice.

[@ChopsGarage]

Would of made no difference would it. I'd of still had to pay it.

[@harrypalmer6228]

@@ChopsGarageBut you can project your cashflow better, rather than by your own admission Kneejerk price reductions on stock as a result of the Accounting change. There are also tax efficient things you can put in place to minimise and mitigate the impact.

[@jonathanmoss5328]

For four grand why don’t they bring cash?

[@stephendavies6080]

Could do with a good couple of tons of stone on your stock area 👍

[@ChopsGarage]

I would but tax man had my money lol

[@nicnak4475]

You do like your Cougars Chopsie ! It's ok your secret is safe with me 😉 I10's have gone up in price, I sold a 2011, 2 lady owner, I10 Active in red, two lady owners, history, 33K for £3350, five and a half years ago ! It didn't even sell very quickly ! 😅 Keep up the good work mate 👍

[@gimble447]

Kuga ( the Cougar is a very different Ford , It was a late 90s to early 2000s coupe that replaced the Ford Probe) 😊

[@nicnak4475]

I think Chopsie probably got the joke 🤣@@gimble447

[@robertasviskupaitis9195]

the tax thing didn't make much sense. I am thinking you had to pay the tax because these cars were bought from last year's profit and so you had to pay tax - capital gains. So even if you had no stock you would still have had to pay. Am understanding this right?

[@ChopsGarage]

Well if the cash from the sale of them was in the bank yes

[@barriegannon3572]

That i10 wasn’t that expensive new🤣🤣

[@ruk2023--]

Put a TV on the wall with youtube and an xbox and put customers on a sofa facing that while you wait for payments to clear.

[@ChopsGarage]

Id get no work done lol

[@ruk2023--]

You're not getting any done now lol. Might as well enjoy it.@@ChopsGarage

[@tonywatson1412]

i10....15yo. serviced every year ....63k. .2 early recalls...done by dealer. .brakes ....thats it....!!!😊 " will there ever be a car like an i10 " ?

[@priteshchampaneri5101]

I recently bought a car from a well known dealer, I had to pay a £1500 deposit, it took a good hour on the phone whilst I was at the dealership to sort that out! I suppose it’s better to be safe than sorry.

[@ChopsGarage]

I guess but Im sure it could be streamlined

[@highlandmalt6368]

Personally, I wouldn't be trading as a sole trader in your position. There are many arguements for and against and a lot of misunderstanding too. Sometimes some professional advisors don't fully appreciate some of the practical advantages.

[@MrDamo34]

You might want to shop around for a better accountant. A lot of accountants are just glorified book keepers. My first accountant cost me 12k in tax I needlessly paid in the first year of business by structuring my company in the wrong way. There’s got to be a workaround if you’re paying tax on unsold stock. Seriously needs looking into. It costs money to restructure your company to make it more tax efficient but if your tax liability ends up being substantially less the cost of the added complexity accountancy wise makes it a no brainier.

[@julianadams3738]

Hi James. I had problems making payment for a second hand Fiat 500 that I purchased last November. Exactly as you related when selling the i10. The bank asked me if I had seen the car, driven it, knew the trader etc. All more than once , stating was I sure that it was not a scam. Having bought several cars over the years using just my bank card without a problem I realised that the market must have become an area for dodgy deals. Keep up the good work. By the way if I didn't live on the other side of the Country I would have paid you a visit.

[@steveegginton535]

Strange how the fashion for colours of cars changes - some time back I remember Mike Brewer saying that a white car could be hard to shift and was known as "90 day White"! Now its a really popular colour. Doubt that "doom blue" will make the same transformation but who knows. Business seems brisk at the lower end of the market although in the sectors further up they seem to be struggling according to reports.

[@thefreedomguyuk]

You'd much likely be better off trading as a limited company. Worth looking into. Also, you do need a better accountant to do your tax planning.

[@davidhall6203]

I feel for you. I own a small business (not selling cars) but also on accrual accounting basis. The amount I have paid in VAT, Corporation tax and business rates over the past 3 months is twice as much as I have paid myself in salary. Like you, customers some times accuse me of ripping them off, based on the price of parts alone, but, all you can do is try to explain to them that when running a business such as yours, you literally get the pocket change left over after overheads and taxes are deducted.

[@Ro32da72]

Sold our little camper van a few years back, chap came a couple of hours on the train to pick it up. Payment didn't go through after hours sat in my kitchen and phone calls to both banks - very awkward. He went home again (more hours on the train) and I drove it three hours to his house once the money had arrived. 'Faster Payments' - not always that fast.

[@ChrisPatrick-q6k]

An honest operation, nice stock. Dinatrol's a much better product TBH.

[@steveturnbull9542]

So the stock is classed a money in the bank. What if you sell it for less do you get money back?

[@ChopsGarage]

Interesting eh , I guess I do via less tax

[@billynomates920]

dads right

[@scotty6346]

That grey Kuga underside needs wire brushing and undersealing/Waxoiling? That would put me right off on a car that old! No criticism of you James but more on Ford, I'm really surprised at that! I drive a 2003 Volvo V70 with no MOT rust advisory's at all!

[@ChopsGarage]

Its all mild steel under there , it does not last forever

[@scotty6346]

@@ChopsGarage I beg to differ James, If a car is correctly rust proofed at the factory it would not be requiring rust attention/ Prevention at the age that Kuga is mate! Recently sold my 1995 Volvo 850 T5, Not one spec of rust on the underside! N250FLL if you look up the MOT history!

[@ChopsGarage]

@scotty6346 you are using your own couple of cars as an example vs all other cars on the road. You may well use your cars considerable less. Have less weather your way or drive less in rain. You may garage etc etc. Plenty of Volvo V70 do get crusty underneath, I had a 2005 myself in fact and that absolutely needed brushing and treating

[@scotty6346]

@@ChopsGarage I live in North Devon James and was a vehicle tech for 32 years before taking up collision estimating, My original comment was not directed at you personally James it was more at the manufacturer, I like your channel, I like what you do because you are an honest guy and if anyone asked me for a place to get a decent used car i would send them to you! I just find it surprising in this day and age that some vehicle manufacturers construct cars like cheap white goods to be thrown away every 10 years when you consider the amount of ££ they cost to buy new!

[@jasonwelsh5986]

That’s why cash is king fast payment.

[@roystonvehicles9129]

Everyone is bank transfer these days, it's very rare for cash, I only get BT or card.

[@coasttocoast1140]

Hi mate can you please let me no what you used to bring back dull red paint ,great content thank you

[@colinphillipson4830]

We have had a Hyundai i10 Blue 1.0 in grey with rear spoiler and stop start since new in 2011 with zero tax and ONLY 19500 miles. I'd bet you'd love this to retail.😉

[@thebeardedcartrader]

I feel your pain Chops. I had exactly the same, was with a customer for just under two hours whilst they went through their security checks with the bank 😳

[@ChopsGarage]

one took 5hrs, I kid you not

[@thebeardedcartrader]

@@ChopsGarage Wow! Nightmare 😳

[@HATCHETHAS]

That Kuga will be back as they will change their minds again so best keep the white one ready to go 😂

[@paulbruce4014]

I had an old school taxman when I was running my used car business from home, a couple of times the taxman even visited & he was present to help. He saved me an absolute fortune. Keep up the good work. Love watching you as it so reminds me of when I was doing this… now retired in sunny Spain 👍. Paul

[@Tommy-p4x6t]

I'm looking for fiesta 1.6 zetac petrol

[@penworthamgarage1206]

The way your cars are parked, and not a price board in site, tells me you haven’t got planning permission to retail cars. Just asking as you seem a very honourable person.

[@ChopsGarage]

Nope just never needed them. All my sales are online as rule. All the prices are there. And what you ate looking at outside is not prepped. Stuff in unit is

[@timgutsell450]

“Doom blue” would be lapis blue on a Boxster - one of the most sought after colours!

[@joydivider42]

Your i10 would take about 15 minutes to sell!

[@Chris-yc3mm]

That blue looks fine to me 🤷‍♂️

[@ChopsGarage]

Yes there are worse ones

[@skimmingstoness]

Five test drives they are taking the effing piss, then they want it asap

[@henrykravitz468]

I think it is a good sign if you're paying a bit more tax, do you get enough enquires/cleaning cars to warrant taking someone on part-time? Love the content. The Freelander and Fiesta in that dark blue look great tbf. Looking forward to they day-out video as I saw a picture earlier

[@ChopsGarage]

Cheers!

[@Finglesham]

Really interesting, especially this one as I am a retired accountant. I have a 2010 Piccanto , from new, I wouldn't sell it for anything.

[@ChopsGarage]

cracking cars

[@DaleSteel]

How much do you charge for the i10 ?

[@ChopsGarage]

3995

[@trevorsbarkingmadchannel4501]

Was it me or did that just end mid sentence ?

[@thegasguy]

Loving the new intro

[@martin64ist]

Dull blue a classic unmarked police colour

[@jonathanevans6741]

How about a video on the land rover scratches. Great content 👌

[@darrenwilson8042]

small stuff is all the money and more these days - keeping the wife's Matz going and keeping for a while yet as the cost to replace ( she'd like an i10 like her mum has ) but I may have to sell an organ so we can afford one ha ha ha

[@ChopsGarage]

yep small stuff is more expensive than rangies lol

[@gwengo4167]

I have a Kuga, same generation, great cars 👌🏻 we didn’t go for the 4WD version as the tax was more (don’t really want to give the government any more than I need to ☺️)

[@riley881]

Best kuga for tax is the 2016/2017 b4 April 2017 1.5 tdci around £35 year :)

[@adrianflower3230]

Great week so far well done. 👍 Should've left the Fiesta dirty to break up the Doom Blue paint 😂😂

[@ChopsGarage]

lol cheers

[@roystonvehicles9129]

Pop the end of the sill covers off on that freelander bud for a quick look at the sills.

[@DanielGallivan-qt3fz]

Were you at the Norman budget sale on Wednesday? Saw 2 fellas, 1 had a black hoody on with Royston car sales. Wondered if it was you or not, but didn't get time to chat

[@roystonvehicles9129]

@@DanielGallivan-qt3fz I was there bud but didn't have a hoody one, there's another Royston car sales up the Rd, managed to get a black bmw which is OK (vantage seller) but everything else was expensive, I thought anyway.

[@DanielGallivan-qt3fz]

Yeah, I really needed stock, had a shortlist of 11, and I wanted to come away with 3 out of the 11. Came away with nothing. Worst sale I've been to, I thought everything was absolutely garbage. Saw 2 nice cars, a silver golf estate which went £1000 over cap clean, and a silver Audi A3 which went a few hundred quid over. The stuff I had on my list, all 1 owner FSH cars, were awful.

[@roystonvehicles9129]

@@DanielGallivan-qt3fz it's hard work bud, top prices then when you get back nasty faults, I got that black bmw 3 series convertable, 3 and a half.

[@DanielGallivan-qt3fz]

@@roystonvehicles9129 I didn't see that, but I took my old man and he's always wanted a convertible, he mentioned a BMW convertible went through that he liked but I didn't see it. Hopefully be better next week, I'll pay over for something if I like it, but I didn't see anything worth paying over for.

[@bigbruce1517]

Going to make people seasick with all that swinging the camera about.

[@ChopsGarage]

keep your eyes on the horizon

[@roystonvehicles9129]

Your flying along bud.

[@ChopsGarage]

cheers

[@roystonvehicles9129]

@@ChopsGarage OK bud

[@FLIPorFAIL]

Like the drone shot 😍

[@ChopsGarage]

cheers

[@theghost7260]

Another superb vlog James thank you

[@ChopsGarage]

Glad you enjoyed it

[@penworthamgarage1206]

Nice move, I love your videos.

[@ChopsGarage]

Thank you!

[@phoenixmotorsport647]

was that a goldy baige Ital?

[@ChopsGarage]

yes

[@phoenixmotorsport647]

@@ChopsGarage My god you dont see many of them any more

[@jimmyquinn9639]

Good video James 🚗🚙🚘⭐️⭐️👏👏👍👍👍

[@ChopsGarage]

Thanks 👍

[@mzworldd8794]

I have a grey 2010 Hyundai i10 for sale - 40k mileage - full service history - new tyres brakes & clutch - heated seats - electric sunroof & windows. £2295

[@ChopsGarage]

Strange, should of sold in heart beat , is is cat car or have horrible mot. Hangfire. Heated seats in 2010?

[@derekfleming3095]

New clutch at 40k ? Had a hard life ?

[@mzworldd8794]

@@ChopsGarage yes it’s cat n replaced the wing. Had so many messages but no viewings so strange. & yes heated seats lol I was surprised aswel!

[@mzworldd8794]

@@derekfleming3095 haha maybe or a garage just ripping someone off lol. 2 previous owners with 40k & full service history seems to of been looked after. Got her from co part

[@mzworldd8794]

Mot history is great

[@carcctv]

Woman was paying me 2k in cash and 900 through bank transfer. The amount of checks she went through with her bank was ridiculous.

[@ChopsGarage]

Mad isn't it

[@daz196749]

Will you do a trade sale on the freelander at all

[@ChopsGarage]

If the offers right

[@terryatkinson899]

Video ends like falling off a cliff 😂

[@ChopsGarage]

lol

[@motoringmemories6825]

Well done James. Glen.

[@ChopsGarage]

cheers

[@Manchesterblu19]

What liters is the silver Ford Fiesta?

[@derekfleming3095]

Website says 1.25

[@ChopsGarage]

1.25

[@SAVING_ICONIC_MACHINES]

The content is getting better and better 😂 not saying it was bad before lol 😂.

[@ChopsGarage]

thanks mate

[@Medge2sc]

Why are you a sole trader and not LTD?

[@ChopsGarage]

LTD holds little benefit now

[@nigelheath7048]

Why not. As he basically is a one man band and hopefully has no intention of going bust I don't think there are really any advantages of being a limited company. Plus it keeps your finances private.

[@Medge2sc]

@@ChopsGarage I’m LTD, one big advantage is being able to take dividends to stay in the lower tax bracket

[@ChopsGarage]

@Medge2sc yeah done the maths it really mate very little difference but added considerable restrictions

[@Medge2sc]

@@ChopsGarageunderstood and I’m sure you are well advised, I stayed as a sole trader for years but once I hit that point of it being beneficial I never looked back. That said my business has a few directors so it also has some complications in terms of getting money out but overall its worked for me. I do sometimes miss the more straightforward days though

[@briangriffiths440]

No, you failed to declare and pay the tax that you owe. It is your responsibility to understand the tax rules and if you can't, get an accountant to do it.

[@derekfleming3095]

He’s not PAYE, so that’s nonsense Business pay at certain times of the year

[@DIYPanda1]

He explained the rules and why they'd changed for him. Just because you didn't understand it 🤷

[@carvanplace]

Great video again..👍 The grey Kuga looks like it may have had some bodywork on the passenger door and wing ? Only because it looks like a darker grey than the rear passenger side door ? Might be the light though.😊👍😊

[@ChopsGarage]

I trade cars over 10yrs as a rule. They have all had paint

[@carvanplace]

@@ChopsGarage yeah me too. I was just saying that it looked a bit of a different shade to the rest of the car. Maybe a flat and polish on that side ? But good to see that trade is going well 👍

[@martinafitzgerald6995]

2.2 best engine they made, the newer 2.0 is a very bad engine

[@vintagebuddha]

👍