If you are a young driver starting out as a courier, driver or mechanic within the motor trade, you may find that getting road risk, van or courier insurance comes at a price, generally quite a high one.
When owning a motor trade business, it’s advised that you have public liability insurance. Alongside liability, you may also need professional indemnity insurance.
For the majority of people in the motor trade, especially dealers, car jockeys, repossession agents and breakdown specialists, there is often the thorny question of towing and trailering.
For those of you just starting out in the motor trade business or thinking about renovating classic cars as a hobby, you will probably keep hearing the word ‘SORN’ mentioned.
Fleet management software or telematics help to improve driver behaviour and preserve vehicle health, at the same time reducing diesel usage and increasing the efficiency of your fleet.
With winter well and truly upon us, now is the perfect time to avoid the bad weather and get working on your car restoration projects, ready to show off in the summer.
You’ve worked hard on your business plan, researched the make and model of cars you want to target, and found somewhere to store your vehicles, now it’s time to get your business up a running. But how will you buy and sell cars for a profit?
If you have a love for vehicles, an eye for a good deal and enjoy sales, setting up as a car trader may be a good business venture in 2020.