Selling cars seems like an easy way to make money, whether you are considering opening a car sales dealership full time or part time on weekends, motor trade insurance is imperative.
Selling cars means that you will be required to drive customer vehicles before purchase to determine if you want to buy them, your personal auto cover does not cover you for this and you will need road risks cover.
The benefit with road risks cover is you can include multiple drivers, so if you have a reliable staff member who has been with you for a while, you can include them as a driver taking the burden off yourself when it comes to purchasing vehicles for resale.
Always bear in mind when taking road risks cover that you and your multi driver should be over 25 years old, have a clean driving license and no criminal convictions against you. Also having no claims bonus on your personal auto cover can lower the premiums considerably as you will be considered a low risks driver.
When a prospective buyer arrives to look at a vehicle, they will expect to drive the car and determine if they want to purchase it or not. Not being able to offer them this ability can be detrimental to your business and can lose you a lot of business.
Demonstration cover gives you the ability to offer customers a chance to test drive any vehicle before purchase. This way you are protecting your assets, by purchasing the vehicles with an intention to resell, all your money is sitting in those vehicles. A customer having an accident can be devastating to your business.
Another important consideration is liability cover. Accidents can happen at any time and a customer visiting your premises and falling can cost you dearly in medical bills and loss of income. Being prepared can save your business a fortune in the long run.
Combined cover is a good alternative for any business who has intentions of selling cars, you can cover your building, road risks, demonstration cover, liability and so much more under one plan, making it easy to budget for and only one premium to pay.
The decision to open a car dealership is an exciting time, but if you get all your cover before you start, then you are guaranteed for success.
Not having to worry about theft or accidents can give you peace of mind and give you more time to concentrate on selling. This is why motor trade insurance is imperative when you are going into car sales.
Selling cars means that you will be required to drive customer vehicles before purchase to determine if you want to buy them, your personal auto cover does not cover you for this and you will need road risks cover.
The benefit with road risks cover is you can include multiple drivers, so if you have a reliable staff member who has been with you for a while, you can include them as a driver taking the burden off yourself when it comes to purchasing vehicles for resale.
Always bear in mind when taking road risks cover that you and your multi driver should be over 25 years old, have a clean driving license and no criminal convictions against you. Also having no claims bonus on your personal auto cover can lower the premiums considerably as you will be considered a low risks driver.
When a prospective buyer arrives to look at a vehicle, they will expect to drive the car and determine if they want to purchase it or not. Not being able to offer them this ability can be detrimental to your business and can lose you a lot of business.
Demonstration cover gives you the ability to offer customers a chance to test drive any vehicle before purchase. This way you are protecting your assets, by purchasing the vehicles with an intention to resell, all your money is sitting in those vehicles. A customer having an accident can be devastating to your business.
Another important consideration is liability cover. Accidents can happen at any time and a customer visiting your premises and falling can cost you dearly in medical bills and loss of income. Being prepared can save your business a fortune in the long run.
Combined cover is a good alternative for any business who has intentions of selling cars, you can cover your building, road risks, demonstration cover, liability and so much more under one plan, making it easy to budget for and only one premium to pay.
The decision to open a car dealership is an exciting time, but if you get all your cover before you start, then you are guaranteed for success.
Not having to worry about theft or accidents can give you peace of mind and give you more time to concentrate on selling. This is why motor trade insurance is imperative when you are going into car sales.
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