motor trade insurance

**af1** · 03-09-2006 10:55

my missus and i are starting to buy crash damaged/stolen recovered/broken down cars to fix up and sell on. how do we go about "setting up" so to speak i mean how are we able to drive the cars to the mot etc without insurance, and how can we tax the vehicles without them being insured i mean i would like to do this properly and not get points for driving un insured and un taxed! is there something to do with trade plates have you got any info or any websites?

**Nemesis** · 03-09-2006 10:56

Whadup *****?

Long time no see. I've had a couple of thse.

Look up motor insurers in the yellow pages, and several will do "trade policies". You might be restricted because of your age however. That will let you do all the things you mention.

**Tathan** · 03-09-2006 10:58

there was a company mentioned on here a few months ago that I spoke to about it, seem quite good. I'll see if i can find it...

**af1** · 03-09-2006 11:00

hey dude, i been away a while chav tastic! had a e30bmw since the 306TD and now got a 1.2 clio and a cbr600

if im age restricted i can put it in my mrs name

**loggyboy** · 03-09-2006 11:02

Tradex allways gave me good quotes when i was looking for tradecover.

**Tathan** · 03-09-2006 11:05

Originally Posted by af1

if im age restricted i can put it in my mrs name

Older woman, good call

Chav won't like that though.

**af1** · 03-09-2006 11:07

cant beat them mate, done the whole 15 year old thing and its so boring "here just lay back and i'll do all the work then we can play my little pony"

**Tathan** · 03-09-2006 11:08

think it was these guys

http://www.choicequote.co.uk/motortr...surance-uk.asp

**Nemesis** · 03-09-2006 11:10

Originally Posted by af1

cant beat them mate, done the whole 15 year old thing and its so boring "here just lay back and i'll do all the work then we can play my little pony"

*Removes Af1 from buddy list*

**af1** · 03-09-2006 11:14

lmao was i ever on it?

**af1** · 03-09-2006 11:16

Originally Posted by tathan

think it was these guys

http://www.choicequote.co.uk/motortr...surance-uk.asp

too young wont even insure 2nd drivers under 21

**af1** · 03-09-2006 11:20

its just road risks insurance i need isnt it?

**af1** · 03-09-2006 11:20

also, what do i do about v5s? if i get a car i dont really want my name going down as an owner so how do i go about that?

**mattk1** · 03-09-2006 11:23

my missus and i are starting to buy crash damaged/stolen recovered/broken down cars to fix up and sell on.

Hi mate, im interested in doing something similar. Do you think theres decent money in it? I was told that resale value of an accident damage repaired vehicle is affected by around 30-40% so i didnt persue it.

**Tathan** · 03-09-2006 11:31

depends what you're doing. If it's new cars then yeah, older cars (like a Cav Turbo for example

) probably won't be registered, just sold as damaged, or cars that are sold with blown engines etc can be good if you can fix them yourself.

**nrj** · 03-09-2006 13:03

I do that now, and about to go next level and go nearly full time.

i dont use trader policy atm just my insurance and works, plus i got use of trade plates, but that will change once i find a decent beavertail as atm im using towing dolly,

personally i dont bother taxing the cars as i doesnt really affect resale that much, 12months MOT make a big difference though. I've found buying a car with under 3months MOT on it then getting full ticket and spending almost no money on the car gets you a good return.

To keep them out of you name you need to fill in the yellow section of the V5.

Also remember that its the seller problem to sort out V5's now so if they havnt got it, dont worry as you wont get any fines if you leave it untaxed on the road, and when you come to resell, just pay the £19 to get a new one. Most people wont touch cars with no V5 now so they are worthless making bigger profit margin.

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