AdsCapri2

Me and my dad are looking into starting up a business selling jaguars we have everything covered apart from what paperwork si required invoices etc when selling a car whats involved to make the procedure comply to trade standards. Any info from car sales experienced people is a greta help cheers

Iain Mac

To be valid an invoice has to contain certain things:
The Date
Your business name and address
A unique invoice number
Your VAT number (if you are VAT registered)
You can use the templates in Word/Excel for this or design your own.

You will need insurance and you will probably need to register as a trader with your local council.

You will have to get a HPI account - as a trader the liability rests with you if you take in and sell on a car with outstanding finance.

Membership of the SMMT adds some credibility but they want to see premises - not sure if you need a track record.

Selling cars will probably mean offering finance (there's often more money in the finance than in the car!) so you are going to need a Consumer Credit Licence - you can go to jail for not having this if you start selling HP etc!

And why choose Jaguar? Unless you have a long track record with these cars I don't see a great advantage to restricting yourself to the one make.

AdsCapri2

HI thanks for help

I didnt mention the fact that my dad has a passion for jaguars along with myself and its just a hobby for my dad a profit is just a bonus but it does have to break even.