Without going into to much depth I've never sold a car for a loss (although the 205 might go that way one day) with some cars potentially doubling my investment.
If you have the space, "swag", contacts etc definitely have a crack.
You can't really go to far wrong if your sensible with your purchases, though everyone has wised up to public auctions these days so your best bet is sniffing around local news papers and websites for cheap cars from old people. Tidy them up, service, MOT, sell, repeat.
You will have complications with insurance and declaring taxes though so probably best to do your research before hand.
Alternatively you could juggle selling your "daily" with having a spare car on the drive ready to replace it should you be left carless after a sale, this solves the tax/mot/insurance issue. Most insurance companies will have a clause saying you can only transfer your insurance X times in a year though.
If you have the space, "swag", contacts etc definitely have a crack.
You can't really go to far wrong if your sensible with your purchases, though everyone has wised up to public auctions these days so your best bet is sniffing around local news papers and websites for cheap cars from old people. Tidy them up, service, MOT, sell, repeat.
You will have complications with insurance and declaring taxes though so probably best to do your research before hand.
Alternatively you could juggle selling your "daily" with having a spare car on the drive ready to replace it should you be left carless after a sale, this solves the tax/mot/insurance issue. Most insurance companies will have a clause saying you can only transfer your insurance X times in a year though.
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