Best Payment Option When Buying Privatly In The Uk

gambithh

Car is costing about 7500 stg from a private uk seller.
what is the best way to pay him?
I cant imagine him accepting a cheque and watching his car set sail in the nearest ferry.

Never bought abroad before so looking for advise.

ABajaninCork

Bank transfer.

650Ginge

Ask the seller. I would think cash will be his only option especially when he hears you're foreign.

What you buying? Where?

gambithh

Sheffield area, running around with 9 thousand odd euro in my pocket is not on,can give a few grand cash ok but not all of it.

He mentioned a bank transfer.what way would that go.

after I inspect the car ring my bank to transfer funds to his bank account?it may be a sunday when I travel over.would this be possible?

Car is in Sheffield.An integra R

blindside88

If you have online banking you can make an international bank transfer online (€15 charge afaik), not sure but I think it takes a couple of days to clear into his account

650Ginge

gambithh wrote: »

Sheffield area, running around with 9 thousand odd euro in my pocket is not on,can give a few grand cash ok but not all of it.

He mentioned a bank transfer.what way would that go.

after I inspect the car ring my bank to transfer funds to his bank account?it may be a sunday when I travel over.would this be possible?

Car is in Sheffield.An integra R

Nice car.

Paypal would be instant, but pricey.

CiniO

gambithh wrote: »

Sheffield area, running around with 9 thousand odd euro in my pocket is not on,can give a few grand cash ok but not all of it.

He mentioned a bank transfer.what way would that go.

after I inspect the car ring my bank to transfer funds to his bank account?it may be a sunday when I travel over.would this be possible?

Car is in Sheffield.An integra R

Don't think this can be an option.
It usually takes few days to transfer money internationally.

If you had an bank account in UK this would surely help a lot.

DuckSlice

Someone else on here was buying a car in uk, think it was in the definitive guide to buying in the uk. Think they used transfemate or something it was called. Takes a few hours.

CiniO

IMO cash is the most handy option, and risk you are taking by carrying big amount of cash with you is minimal.
I'd be more expecting to die in accident, than that I'm robbed by someone when I carry big amount of cash.

Only problem is that there is hardly any place in Ireland to get Sterling cash at good exchange rate.

Media999

CiniO wrote: »

IMO cash is the most handy option, and risk you are taking by carrying big amount of cash with you is minimal.
I'd be more expecting to die in accident, than that I'm robbed by someone when I carry big amount of cash.

Only problem is that there is hardly any place in Ireland to get Sterling cash at good exchange rate.

Your logic is faultless.

Yeah OP defo a good idea to carry 9k cash to meet a stranger.

ABajaninCork

Media999 wrote: »

Your logic is faultless.

Yeah OP defo a good idea to carry 9k cash to meet a stranger.

Not to mention explaining to Customs why he's carrying that amount of cash. It isn't the greatest idea I've seen.

I've never paid cash for my cars neither here nor in the UK. You'd have to be mad to do so...

CiniO

ABajaninCork wrote: »

Not to mention explaining to Customs why he's carrying that amount of cash. It isn't the greatest idea I've seen.

I might be wrong, but you only need to declare to customs if you carry more than €10,000. And that's only to declare. It doesn't mean you can't carry more.

I've never paid cash for my cars neither here nor in the UK. You'd have to be mad to do so...

Because?
Any reason for being mad to pay cash?

lomb

Bankers draft for less allowing for discount , cash for balance. Other option if they wont accept is you carry cash,dont tell them, tell them you will only deal in the bank doing a transfer into their account and can be verified by cashier. Ask them what their branch is, drive to it and pay them cash and get log book signed over.

Sheldons Brain

A bank payment of some sort is strongly advised as it leaves a trail in the event of the car turning out to stolen or the like.

ABajaninCork

CiniO wrote: »

I might be wrong, but you only need to declare to customs if you carry more than €10,000. And that's only to declare. It doesn't mean you can't carry more.

The cash doesn't need to be declared, that is true. However, it does not stop Customs asking why the need to carry large sums of cash and asking you to explain where it came from.

DuckSlice

I've carried large sums of cash from uk to Ireland before. I didn't have a problem with it tbh, some people would be afraid to carry that much. Depends where you are going I suppose. There is a good chance a dealer won't accept cash. They don't like it. And all the cars I have bought in uk dealers would not accept it. So just remember that if you go down the dealer route!

Harcrid

Check out transfermate. They can do a bank transfer in a few hours apparently. You need to explain it's for a car purchase and they will organise an urgent transfer. Not used them myself yet but a few on the forum have.

Anan1

gambithh wrote: »

Car is costing about 7500 stg from a private uk seller.
what is the best way to pay him?
I cant imagine him accepting a cheque and watching his car set sail in the nearest ferry.

Never bought abroad before so looking for advise.

Here's what you do: You speak to the seller, propose that you get a draft from an Irish bank and email him a scan which he can email on to his own bank who will then verify with the Irish bank that the draft is OK. You suggest that he call his own bank to verify that this a safe way to proceed for him, they'll tell him that it is and you're sorted. I've done this a few times, and it's the best system I know of to date. I'd have no problem carrying £7.5k myself, but a draft is cheaper than cash.

LittleGarry

Anan1 wrote: »

Here's what you do: You speak to the seller, propose that you get a draft from an Irish bank and email him a scan which he can email on to his own bank who will then verify with the Irish bank that the draft is OK. You suggest that he call his own bank to verify that this a safe way to proceed for him, they'll tell him that it is and you're sorted. I've done this a few times, and it's the best system I know of to date. I'd have no problem carrying £7.5k myself, but a draft is cheaper than cash.

I would agree with the above. I done this myself a couple of years back - car purchase price was £19k which had been pre-negotiated after vehicle checked over by RAC on my behalf. Scanned the draft and emailed on Tuesday, went over Friday morning carrying actual draft. Job done! Make sure the car is taxed for driving to the ferry.....a lot of anpr checks going on which, if you meet the wrong cop, can cause hassle!

CiniO

ABajaninCork wrote: »

The cash doesn't need to be declared, that is true. However, it does not stop Customs asking why the need to carry large sums of cash and asking you to explain where it came from.

Surely if you are going to buy the car, and cash you've got is yours not stolen - those questions shouldn't be any problem.