Part 4/6:
As they plan this new venture, the speaker is already registered with trade websites to procure stock and aims to create a website to establish an online presence. The speaker states their budget for launching this endeavor would be modest, estimating it around £20,000—substantially less compared to other traders who appeared to have funds of £50,000 or more.
Their strategy involves starting with more affordable cars to allow for quicker turnover. They focus on the volume of cars sold rather than high-end purchases. The intention of operating within the lower end of the market is to ensure better cash flow and maintain a steady rate of sales.