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Advice on buying a car

  • 09-01-2020 6:18pm
    #1
    garclo
    Registered Users, Registered Users 2 Posts: 153 ✭✭


    Hi, I'm going to see a used car on Saturday and I'm wondering what type of payment I should use if I want to go ahead and buy it.
    Obviously banks wont be open on Saturday so what are my options?
    Does a bank transfer (phone banking) go through straight away or does it take a day or so?
    Or would a bank draft be better?
    What would you recommend?


Comments

  • #2
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    How much is it for? You can pay €25k on visa debit.


  • #3
    Mjolnir
    Registered Users, Registered Users 2 Posts: 985 ✭✭✭Mjolnir


    garclo wrote: »
    Hi, I'm going to see a used car on Saturday and I'm wondering what type of payment I should use if I want to go ahead and buy it.
    Obviously banks wont be open on Saturday so what are my options?
    Does a bank transfer (phone banking) go through straight away or does it take a day or so?
    Or would a bank draft be better?
    What would you recommend?

    Depends is it private or trade deal?
    Private - no way would anyone take a bank transfer on a sat, (won't normally go through until the next business day) and let you drive away. Private sellers are reluctant with bank drafts because of all of the fakes in the last few years as well.

    Dealer/trade - bank draft or card are your best bets. Leaves a nice noticeable paper trail too.

    You could always ask what's the best cash price :' D hahah


  • #4
    bazz26
    Registered Users, Registered Users 2 Posts: 51,363 ✭✭✭✭bazz26


    Are you buying from a dealer or privately?


  • #5
    garclo
    Registered Users, Registered Users 2 Posts: 153 ✭✭garclo


    Sorry, should have said it's a private sale.

    Do you think it would be best to give a deposit of a couple of hundred maybe and go back monday with the rest in a draft?


  • #6
    bazz26
    Registered Users, Registered Users 2 Posts: 51,363 ✭✭✭✭bazz26


    I cannot see any private seller taking a draft, too open to fraud these days.

    How much roughly speaking is the car costing?


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  • #7
    corks finest
    Registered Users, Registered Users 2 Posts: 8,749 ✭✭✭corks finest


    garclo wrote: »
    Sorry, should have said it's a private sale.

    Do you think it would be best to give a deposit of a couple of hundred maybe and go back monday with the rest in a draft?

    Need to be more savvy,get the car and seller checked


  • #8
    un5byh7sqpd2x0
    Closed Accounts Posts: 1,862 ✭✭✭un5byh7sqpd2x0


    colm_mcm wrote: »
    How much is it for? You can pay €25k on visa debit.

    I put quite a bit more than that on my card last month. Was quite surprised it went through


  • #9
    garclo
    Registered Users, Registered Users 2 Posts: 153 ✭✭garclo


    Car is around €7000, might just have a look on Saturday and if it goes well I'll go back on Monday morning.

    Thanks all for the advice!


  • #10
    Mjolnir
    Registered Users, Registered Users 2 Posts: 985 ✭✭✭Mjolnir


    garclo wrote: »
    Car is around €7000, might just have a look on Saturday and if it goes well I'll go back on Monday morning.

    Thanks all for the advice!

    Seller may want €500+ to hold till monday. At €7,000 not a hope would I personally take anything bar cash that would be going straight to an atm that takes judgement.
    Get cash, ultimately up to the seller what they accept but if you show up with a draft after banking hours you may be told where to go.


  • #11
    bazz26
    Registered Users, Registered Users 2 Posts: 51,363 ✭✭✭✭bazz26


    Never rush into buying a car. Look it over, test drive it and have someone knowledgeable look at it too, then if your happy with the price leave a deposit to secure it.


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  • #12
    Dr_Colossus
    Registered Users, Registered Users 2 Posts: 3,191 ✭✭✭Dr_Colossus


    Have you a Revolut account, if seller also has an account that should work and payment is instant.


  • #13
    Del2005
    Registered Users, Registered Users 2 Posts: 19,102 ✭✭✭✭Del2005


    I wouldn't be giving a private seller any deposits, if they sell to someone else you will struggle to get the money back.

    The bigger issue with buying on a Saturday would be insurance.


  • #14
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 84,761 ✭✭✭✭Atlantic Dawn
    M


    garclo wrote: »
    Car is around €7000, might just have a look on Saturday and if it goes well I'll go back on Monday morning.

    Thanks all for the advice!


    For a private sale with that money I'd insist on seeing photo ID of seller that it matches name on the logbook. Good idea to also check on motortax.ie if the vehicle has recently changed ownership which could be an indication the car has issues and seller wants to offload quickly. Also put reg in to NCT.it to confirm whatever NCT on it is legit and not from the thousands of genuine discs which has been stolen from the NCT centres.


  • #15
    Seth Brundle
    Moderators, Politics Moderators Posts: 41,240 Mod ✭✭✭✭Seth Brundle


    It's also worth doing a Cartell report to check for outstanding finance.
    Also get someone who can give the car a proper mechanical check over as if there are any issues after the money has changed hands, they're yours!


  • #16
    corks finest
    Registered Users, Registered Users 2 Posts: 8,749 ✭✭✭corks finest


    Atlantic Dawn wrote: »
    For a private sale with that money I'd insist on seeing photo ID of seller that it matches name on the logbook. Good idea to also check on motortax.ie if the vehicle has recently changed ownership which could be an indication the car has issues and seller wants to offload quickly. Also put reg in to NCT.it to confirm whatever NCT on it is legit and not from the thousands of genuine discs which has been stolen from the NCT centres.

    Same


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