To be honest I don't really know where to say this but I will put it on here.

What age can you legaly buy a car?

I am 16 and would like to buy a fabia vRS and sell it for more.

any FRIENDLY tips please.

Thanks

i had my name on a log book at 16...

Cars, huh... the great investment

Unless of course you know one which is very, very cheap.

As to your question, AFAIK there's no law against buying a car at any age.

I admire the entrepreneurial flair - but I'm not sure it would be as easy to sell as you may think - bear in mind the car will have one extra owner which can reduce value and cars aren't easy to sell in the current economic climate. Or if it really is that cheap how about keeping it till you reach 17 and get your license?!

You obviously need to be 17 and have a licence to drive it. To be a registered keeper of a vehicle on the V5 I'm not sure if you need to have a license. I imagine not.

I remember i sold a car to a guy, got a depost off him £100, then the deal fell through.

He was 16 at the time.

I sayed he wasn't getting his deposit back and he threatend me with police because "It was illegal to sell a car to somone under the age of 17"

I laughed at him, what a lot of rubbish.

You can have your name on the log book for a car at any age as far as im aware.

I had my fist car at 15/16 with my name on the log book.

you can have a driving license at 16 if you are disabled

Just to drive a 3 wheeler no?

Are you a young Arthur Daily

Bearing in mind the market is tight.

Do you know anything about the Fabia at all or selling cars?

It's not as easy as buying then selling.

Theres the service/maintenance history and questions from buyers.

It's good that you're showing some initiative but anewman has a good point.

Friendly tips? maybe start off with cheaper smaller cars learning and gaining experience before going all out for the VRS fraternity.

You can buy a car as soon as you're old enough to enter a contract, so that's ok.

You can have a car registered in your name at any age.

As Captain S says though, making money on buying and selling used cars isn't always that easy unless you can buy scruffy looking but good cars at auction, do them up a bit, then sell them on.

I admire your spirit, but would strongly advise against buying a VRs to make a profit. There are several pristine models for sale on Brisky that have had their prices slashed or the seller has given up trying to get rid of it. You could well lose several hundred pounds or more. As said before, perhaps buying something very cheaply, doing a bit of remedial work on it and give it a thoroughly good polish might make you a few hundred quid if you are lucky.

Don’t forget, there are many people out there who will want to rip you off, steal your car on a test drive or pay you with a forged Bank Draft for instance. Would you know what a Bank Draft should look like? or can you spot forged money? I saw a Salesman deliver a car to a couple who paid with a Business cheque, as they said a Business cheque was as good as cash……it isn’t, it’s just a cheque like any other. Please don’t spend much money on this venture, the risks are massive.

unless you can buy scruffy looking but good cars at auction, do them up a bit, then sell them on.

There was a programme on TV which was sort of a car auction version of bargain hunt, and they were given money to buy a car and whatever was left over could be used to fix it up. Can't remember what it was called. Anyway, ISTR they tended to lose money. But that's probably because they were re-sold at auction.

Think there was another one where the aim was to turn some not very good car into a much more expensive car by selling it, then buying at auction and selling the acquisition privately. Not sure how well it worked out.

I watched another programme like that.

The guy bought a morris minor for a grand.

Sold it for £800.

Took the reg off it and sold the reg for over a grand.

If you know what your doing, it can be done.

Ive sold on a few motors, and got £300-£400 more for them.

That was a few year back now though. Tables have turned now though.

Just tidied them up, spent a few days cleaning and polishing.

There was a programme on TV which was sort of a car auction version of bargain hunt, and they were given money to buy a car and whatever was left over could be used to fix it up. Can't remember what it was called. Anyway, ISTR they tended to lose money. But that's probably because they were re-sold at auction.

The ones I saw dropping money were spending out too much on the wrong cars; what you want are ones that just need a valet and maybe some new rubber.

Top tip !

Wait till you're 17 !

its always going to be a gamble on making money when buying and selling on straight away !!

when I had my car in for a service at my local skoda dealer they were wanting fabia vrs's to sell on so there is obviously some sort of demand ??

I remember hearing on 5th gear about people who register cars in their babys names, then when caught speeding said they had no idea who was driving, by default the points go on the person whome the car is registered to.

My point being you can buy a car at any age.

I remember hearing on 5th gear about people who register cars in their babys names, then when caught speeding said they had no idea who was driving, by default the points go on the person whome the car is registered to.

My point being you can buy a car at any age.

So nick them for driving without insurance instead, unless they can prove that they asked for and received the baby's permission to use the car!

As others have said it's a buyers market I'm afraid. I am hanging onto mine as I doubt if i will get much for it. If you want to dabble (but still a risk) try simple classic cars if you are technically minded and do them up. This is what a young mate of mine studying automotive engineering does. He's one of those Edd China types!