Understand the risk before you buy
Buying and reselling vehicles involves financial and operational risk. Vehicle condition, auction charges, transport, repairs, insurance, tax, registration costs, market demand and negotiation outcomes can reduce or eliminate profit. DRYVR provides education, access and practical support but does not guarantee that a specific vehicle will be available, that £500 will purchase a suitable vehicle, or that any transaction will make a profit.
Key points
- No guaranteed profit. Returns are never guaranteed. You could make less than you expect, break even, or lose some or all of the capital you commit to a vehicle.
- The DRYVR fee buys guidance, not a car. The £500 fee pays for mentorship, access and support. It does not purchase a vehicle and does not fund your vehicle capital.
- £500 may not be enough. The suggested vehicle capital is a starting point. Market conditions may require more, and additional costs apply.
- You make the decisions. You choose which vehicle to buy, what to pay, what work to do and how to sell. DRYVR does not make these decisions for you.
- Third-party costs are separate.Auction and buyer's fees, transport, storage, insurance, tax, repairs, parts, detailing and advertising are additional.
- Only commit what you can afford to lose. Do not commit capital to a vehicle if you cannot afford to lose some or all of it.
This is a summary of key risks and is not exhaustive. If you are unsure whether vehicle trading is right for you, seek independent financial advice before proceeding.