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Paying UK dealer?

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  • 05-04-2016 10:56pm
    #1
    hell4leather
    Registered Users Posts: 12 ✭


    Just wondering would any one have any suggestions for what's the best way to pay dealer in UK when you buy a car over there. Don't want to be caught out with exhange rate hidden charges. Would post office change a couple of thousand euro into pounds??


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    #2
    biko
    Registered Users Posts: 81,223 ✭✭✭✭biko


    Moved out from old thread


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    #3
    millington
    Registered Users Posts: 1,287 ✭✭✭millington


    A lot of dealers don't want cash these days.

    If you're certain on the car, you can send a bank transfer in advance and wait for it to clear. Or you can use Currencymate or one of those places to do a same day transfer.

    Otherwise, you can use a debit card but the rate isn't just as good.


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    #4
    Gumbo
    Moderators, Society & Culture Moderators Posts: 38,762 Mod ✭✭✭✭Gumbo


    VISA credit card can be used too. The % charge can be built into the asking price and gives peace of mind for not having to carry cash depending on price.


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    #5
    kdevitt
    Registered Users Posts: 2,263 ✭✭✭kdevitt


    I used to get draft in advance of travelling and give them the issuing bank details and draft number - this allowed them to verify it. Never had an issue.

    Would probably use currencyfair.com these days and do a transfer though.


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    #6
    traco
    Registered Users Posts: 1,606 ✭✭✭traco


    I did it with my Visa debit card, just make ssure the cash is in the account and let your bank know.

    The rate will be very good, better than cash or draft. In my case when they processed the transaction they had to call and I had to verify my identity so very straightforward. You also benefit from more protection I think as its a Visa transaction.


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    #7
    oinkely
    Registered Users Posts: 950 ✭✭✭oinkely


    I just used transferwise last week. Got a great rate, and very happy with the service. One day for the transfer from my bank to their euro account in Estonia. Then the sterling transfer to the dealer happened pretty much immediately. The only issue is that you specify the Euro amount you are sending and they tell you the sterling amount the recipient will get. I underpaid and paid the balance using my revolut card when I got over to pick the car up, again, getting a much better rate then my Irish bank cards would offer.


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