Car sourcing broker

Busy professionals, first-time buyers, older drivers and anyone who dislikes haggling or doesn't know where to look.

A fixed sourcing fee or a percentage of the purchase price, agreed with the client before you start. Some brokers also earn a commission from the selling dealer, which should be disclosed.

• Good knowledge of the used car market
• Negotiating
• Clear communication and honesty
• Spotting problems in vehicle history and condition

• Check whether you need Financial Conduct Authority permissions or credit broker authorisation if you introduce clients to finance
• Check consumer law on your duties, including the Consumer Rights Act and rules on fees and disclosure of commission
• Decide who legally buys the car, you or the client, as buying and reselling in your own name changes your responsibilities and risk
• Always run a vehicle history check and arrange an inspection, to avoid stolen, written-off or clocked cars
• Check you have appropriate insurance, such as professional indemnity and, if you drive other people's cars, motor trade cover
• Check data protection (ICO) registration and rules on holding client details

Estimates suggest startup costs are typically around £300 to £2,500, depending on your set-up and insurance. Check you have appropriate cover, such as professional indemnity and, if you drive other people's cars, motor trade insurance.

Estimated monthly revenue is typically around £500 to £3,500, depending on how many cars you source for clients and the fees you charge. The estimates assume at least about 8 hours a week.

Check whether you need Financial Conduct Authority permissions if you introduce clients to finance, and consumer law on fees and commission disclosure. Also decide who legally buys the car, and check data protection (ICO) registration.