Category Archives: Traders Insurance

Getting a Start in the Motor Trade as a Young Person

If you have a passion for cars then working in the motor trade could be the perfect career path for you.

If you want to work in the motor trade then you have two main choices – working for somebody else, or setting up on your own. Below are the pros and cons of both.

Working for someone else


  • A steady income – One of the main benefits of working for an already-established business is that you’ll have a steady wage that you can rely on each week. This might seem like a basic thing but when you’re first starting out in the motor trade, it can be hard to turn a profit.
  • Gain invaluable experience – Another big benefit of working for another company is that you’ll gain invaluable experience which you’ll be able to use in the future. For example if you work for an MOT centre then you’ll not only learn a lot about how to fix various problems with vehicles but you’ll also learn about the ins and outs of running a business in the motor trade.


  • You’re not independent – Although there are some bit pros to working for someone else, you do not have the same freedom as you do running your own business and will have to do as you’re told most of the time.

Setting up your own business


  • You’re in control – One of the main reasons to start up your own motor trade business, other than making money of course, is that you have full control over it. You can set up exactly the type of business you want, in the area of your choosing and run it exactly as you see fit. You don’t have this freedom when working for somebody else.
  • Option to expand – Running your own business also means you have the option to expand it if it’s a success.


  • You’ll need to get your own insurance – As a young person, finding motor trade insurance at an affordable rate can be a challenge. Insurers usually see young people in general as more of a liability. That being said you can get young persons motor trade insurance from specialist providers.
  • There is a risk your business will fail – Of course there is always the chance that your business might not be a success. You can reduce this risk by keeping your overheads to a minimum and only working in an area where you have experience.