Posted by scott Should I buy a car through my limited company? By Scott Ferguson Thinking of buying a car through your limited company? At first this can seem like a great tax saving idea, but it is important to consider all of the associated costs and tax implications before deciding whether to invest. The purpose of this blog is to summarise the obvious, and perhaps not so obvious, implications to aide you in making this decision and also to touch on some of the other important points to consider around business travel.
The manager starts the deal All deals start at the desk Warning Do not get in a conversation with the customer about what they were offered elsewhere You really don't want to know the figures that some other dealership told them Don't let them get you in this trick bag.
If they persist in telling you what the other dealer offered, simply say His figures might be lower " Do not ask the customer how much they want for their trade and do not ask them Take the figures back to present to the customers Basic Deal Word Track " John and Martha my manager has offered us what I believe is an excellent deal!
In some dealerships, the sales person never mentions the payment.
If that's the case in your dealership, still present the other three elements of the sale Especially the down payment. The customer is expected to have to have a reaction. If it says " sales representative " Then be one e Slow them down remind them of their trade When the customer reacts to the manager's offer Most of our customers prefer to pay their cars off in two or three years and have accelerated equity What fair and reasonable amount did you have in mind?
Never discuss the term of the loan or the interest rate with the customer You don't know " What figure did you have in mind that's fair and realistic? I'll present it to my manager. Let me write that down and get your approval. Make them re commit to own the automobile if the manager accepts the offer Write their counter proposal, work the customer for a better offer before you write it but then write their offer no matter how ridiculous it is Then get the money a On every proposal Always close on the down payment Never on the trade allowance and seldom on the payment amount.
Get The Money You say Convince the customer to write a check you can cash. Return to manager for a management counter proposal a Leave the money with the manager Take the receipt to the customer b Rehearse what you're going to say with the manager before you go back to the customer Not to get a counter offer.
Always make the first offer to the customer and spend the entire negotiation reacting to your own offer instead of theirs.
I think you're going to be excited about this Do not sell the manager on the customer's offer. The manager may wish to speak with the customer on our last offer, which is called a " Turnover " in the car business But we'd rather refer to it from this point forward as a Then leave the room The biggest and most important part of the negotiation stage of the sale is to be sure to do exactly what the manager instructs you to do Trade difference and cash deals with no trade are worked the same way with the exception that the manager may elect to start a cash deal with a discount This is never the sales person's option.How does one transfer a vehicle ownership in Malaysia?
Before proceeding further, permit me to inform you that Section 13 (1) of the Road Transport Act reiterates that a driver has to make the necessary transfer of vehicle within a period of 7 days after buying or selling of a vehicle.
Don't read this web page and it may cost you! Selling cars without a dealer license or "flipping cars" can get you in legal hot water. Find out the facts! When you sell your car, you need to tell the DVLA or risk being fined £1, We explain how it all works and how sort your road tax when selling a car.
How to Write a Contract for Selling a Car. In this Article: Article Summary Sample Contracts Writing Your Own Contract Using a Bill of Sale Template Community Q&A In some cases, selling a used car to a private buyer is more economical than trading in the car to a car dealership.
When you sell a used car privately it is important to provide the buyer with a 'sold as seen, tried and approved without guarantee' receipt.
Download a car seller's contract (PDF) If you're selling a used car, print two copies of our car seller's contract and complete them in front of the buyer. Each party should sign and keep a copy of. I've sold my car (privately, not to a garage) and the person is coming to collect it on Saturday, as i'm being paid in cash I want to write a receipt to the person buying it but need help on what i could write on the receipt so it is all legal and binding (if that makes any sense)?