Hello All,
I've been struggling to find a job so thought I would find work for myself. I've decided to sell my Omega and use that money to buy cars at auction to sell on for profit. However, insurance is coming up as an issue. I'm 19, and on my Omega I'm paying £192 per month. I can just about accept that. However, if I want a motor trade policy, which I would need if I'm buying and selling cars, the price is just criminal. Tradex want £4365.90 for just third party. That's with no engine size restrictions. It's either no engine size restriction or restricted to 1.4, which is no good. I would buy cars on if I think I can make profit, not what there engine size is. I really don't know what to, can anyone help, advise...ideas? I've had £600 investment from a family member to help me get going and the insurance knocks me down. The government insists on mandatory insurance whic ofcurse is fair enough. Although as far as I can tell they don't regulate the industry. I want to work, I can do this and make it work...but the insurance issue is killing the idea. Doesn't seem fair to me.