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Anyone heard of this practice?

  • 17-05-2013 10:35pm
    #1
    Elessar
    Registered Users, Registered Users 2 Posts: 5,267 ✭✭✭


    Anyone heard of a well-known, northern, main brand dealer not taking southern trade ins directly but instead passing it off to a contact (based in the repuslic) who inspects the car, offers a price and pays the customer directly via bank transfer?

    I've been offered this by a fairly well known BMW dealer on enquiry but I've never heard of it and it sits a bit uneasy with me, despite being told they've done hundreds of these trade ins.


Comments

  • #2
    CiniO
    Registered Users, Registered Users 2 Posts: 16,069 ✭✭✭✭CiniO


    Makes more sense really, as they can recover VRT before car ends up in the north.


  • #3
    ian87
    Closed Accounts Posts: 1,038 ✭✭✭ian87


    That would be a common practice in theory. Take this for exampl, your local BMW dealer takes your 2002 3 series as a trade in. Obviously it wants your business, but an 11 year old car would'nt be the type of stock wanted on their forecourt. Instead he arranges with another motor trader who deals in lower end, older stock who will buy it off the BMW garage. It's how a lot of the 2nd hand trade works.


  • #4
    Elessar
    Registered Users, Registered Users 2 Posts: 5,267 ✭✭✭Elessar


    This isnt older stock though. My car is fairly new (2012). Having spoken to the gentleman in question, he would come view the car, agree a price, pay by bank transfer and drive away with my car. And I have to wait a day for the money to reach my account (with no comeback if anything goes wrong).

    He did offer to pay the garage directly so I could drive up and leave it with them and he would collect.


  • #5
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,522 ✭✭✭✭colm_mcm


    Its a very transparent way of doing things.


  • #6
    rovoagho
    Banned (with Prison Access) Posts: 1,151 ✭✭✭rovoagho


    Personally, I wouldn't be letting anyone drive away with my car until I had confirmed with the bank that the funds had cleared. That could take 5 business days for an interbank transfer.

    Not even the dealer, never mind a 3rd party.


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  • #7
    ian87
    Closed Accounts Posts: 1,038 ✭✭✭ian87


    Well that still rings true to my point. The dealer you are buying from will be left with stock which is not desirable to him (due to southern reg) so he has another trader lined up who is interested in that stock, yet can still offer you a deal.


  • #8
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,822 ✭✭✭✭galwaytt


    Elessar wrote: »
    This isnt older stock though. My car is fairly new (2012). Having spoken to the gentleman in question, he would come view the car, agree a price, pay by bank transfer and drive away with my car. And I have to wait a day for the money to reach my account (with no comeback if anything goes wrong).

    He did offer to pay the garage directly so I could drive up and leave it with them and he would collect.
    He surely doesn't expect to drive away in your car a day before you get paid ? That can't be right ?

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  • #9
    Northern Monkey
    Registered Users, Registered Users 2 Posts: 1,593 ✭✭✭Northern Monkey


    If its a main dealer I wouldn't be too worried, it's not like they are going anywhere. I'd imagine the main reason would be price, your 2012 car is probably worth more in the south due to the initial purchase price being higher, so I presume they pay you a southern trade value for the car rather than a northern one? It only costs something like £50 to import a used car into the UK, so I'd imagine the dealer is trying to give you better value?


  • #10
    Bigus
    Registered Users, Registered Users 2 Posts: 4,946 ✭✭✭Bigus


    No problem , but I'd be telling him he can take the car after the money lands in your account.


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