FCA & Car Dealers – What you need to know

Monday, 23rd November, 2020

If you want to make your cars, motorbikes, or commercial vans more affordable for customers, then, as a car dealer, you could offer finance options. This helps your customers spread the cost of an expensive purchase, making it more affordable for them. To provide finance as a motor dealer, you’ll need to be authorised by Read the full article…

liability insurance

Liability Insurance for Motor Traders

Friday, 20th November, 2020

When running a motor business, it’s often difficult to know which level of insurance you need. At ChoiceQuote, we’ve been helping motor traders navigate the confusing world of insurance for more than 20 years As a business owner, you’ve probably heard the term “liability insurance”. You may be aware that it protects your business against Read the full article…

New and used cars

New Cars vs Used Cars – What to sell as a motor trader

Tuesday, 17th November, 2020

Selling new cars is a lucrative business for many motor traders.  After all, who doesn’t like the smell of a new car, or the cachet of having the latest number plate? But used and second-hand cars are becoming ever more popular, too. And unless you are a franchised dealer, then you will likely be selling Read the full article…

mechanic man with face mask

MOT testing rules – with coronavirus updates

Monday, 16th November, 2020

The last major overhaul of MOT testing rules took place in 2018, but the onset of coronavirus has had a significant impact on the UK industry since then. In this article, we will talk about: Which vehicles need an MOT Becoming an authorised tester The changes that impacted MOT testing before coronavirus What has happened Read the full article…

car on road

Motor Trade: Road Risk vs Combined Insurance

Wednesday, 4th November, 2020

Motor trade insurance is split into two main levels of cover: road risk and combined. Depending on the scale and types of services your motor business provides, you will either need road risk insurance or motor trade combined cover. It isn’t always easy to understand which level of insurance you need. So, as expert motor Read the full article…

motoring convictions

Motor Trade insurance with convictions

Tuesday, 3rd November, 2020

If you work in the motor trade, you need a motor trade insurance policy. But what happens if you have motoring convictions – or worse, criminal convictions? Can you still get a traders’ policy? Can you still get insurance with points on your licence? Convictions for motoring or even non-motoring offences can have an impact Read the full article…

mechanic using tablet computer

Changing your motor trade policy

Monday, 26th October, 2020

With ChoiceQuote, it’s easy to make changes to your motor trade policy. There are various reasons for making changes to your policy. You could be upscaling or reducing the size of your business or changing the type of work you do. Or you could be moving address, increasing or reducing your stock of vehicles, or Read the full article…

young mechanic

Young Motor Traders Insurance – Under 25s and 21s

Friday, 18th September, 2020

If you’re a young motor trader, it’s essential that you have the right insurance before servicing or selling a vehicle. However, cheap motor trade insurance for young traders is not easy to come by. Like your private motor insurance, it’s more expensive to insure a motor trade business as a young person. Some insurers don’t Read the full article…

motor trade insurance cost premiums

Motor Insurance Database (MID) – The Essential Guide

Tuesday, 8th September, 2020

What is the MID? MID stands for the Motor Insurance Database. It is managed by the MIB (Motor Insurance Bureau) and is a central record of all insured vehicles in the UK. The purpose is to ensure that vehicles driven on UK roads are insured at all times. It enables the enforcement authorities to tackle Read the full article…