How do I become a registered motor trader in the UK?

I'd like to become a registered motor trader in the UK specialising in selling affordable family compact cars (an area I feel that is not very well covered at the moment). I already have a limited company but I'm unsure about what else I need to start buying at auction as a motor trader rather than a private buyer?

Asked on 16 May 2010 by leerobinson

Answered by Dan Harrison
To get started, I suggest you read a few of the threads in our Back Room forum, such as this: www.honestjohn.co.uk/forum/post/index.htm?t=80245. It's a subject that's been visited a few times before. Tips covering buying at auction are featured in our Frequently Asked Questions: www.honestjohn.co.uk/faq/buying-at-auction
Similar questions
I purchased a used van and would just like your opinion on whether it was a private or trade sale, as there is a major problem with it after just two weeks. It was advertised as a trade advert on the internet,...
Is it legal to advertise cars for sale online and park them on the public highway? The cars have no signs that they are for sale other than online.
A trader has offered to buy my car at an acceptable price with no test drive, sight unseen, paying by bank transfer. He will trailer it away and says he is local. What should I be wary of? He said he will...