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Importing car from UK

  • 25-10-2020 8:55am
    #1
    vmware
    Registered Users, Registered Users 2 Posts: 60 ✭✭


    looking at buying a car from UK in the coming weeks, just wondering what is the best way to get Sterling on a good rate



    Revoult

    N26
    Draft


Comments

  • #2
    User1998
    Registered Users, Registered Users 2 Posts: 7,683 ✭✭✭User1998


    Revolut


  • #3
    dubrov
    Registered Users, Registered Users 2 Posts: 3,642 ✭✭✭dubrov


    Revolut charge 0.5% over 1k per month so probably not the best for large amounts. Also make sure to convert during the week while the fx markets are open

    Currency fair were more like 0.1%

    Also, check you debit card. I believe EU currency conversions might be limited to about a 10 euro fee per transaction. Check with your bank


  • #4
    User1998
    Registered Users, Registered Users 2 Posts: 7,683 ✭✭✭User1998


    Upgrade to premium for €7.99 and theres no charge, then downgrade back to standard and get your €7.99 back


  • #5
    pat1981
    Registered Users, Registered Users 2 Posts: 205 ✭✭pat1981


    dubrov wrote: »
    Revolut charge 0.5% over 1k per month so probably not the best for large amounts. Also make sure to convert during the week while the fx markets are open

    Currency fair were more like 0.1%

    Also, check you debit card. I believe EU currency conversions might be limited to about a 10 euro fee per transaction. Check with your bank

    I used currency fair, there Mark up on the trade is 0.4% + €2.50 transaction fee.
    I needed to do a bank transfer to cf as I exceeded the daily limit for debit card, it took a day to go through and was with the dealership following day.


  • #6
    GBX
    Registered Users, Registered Users 2 Posts: 12,133 ✭✭✭✭GBX


    Currency fair.

    Have look on here - https://www.moneyguideireland.com/buying-car-uk.html


    Revolut – £5,000 over a 96 hour period.


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  • #7
    Philip B
    Registered Users, Registered Users 2 Posts: 2 ✭Philip B


    Another vote for CurrencyFair, Money arrived in Scotland 20mins after paying here at 8.30 one evening. Simple and cheap way to do it.


  • #8
    vmware
    Registered Users, Registered Users 2 Posts: 60 ✭✭vmware


    how safe / secure and fast as these currency fair / transfer wise?


  • #9
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I’ve used Fexco a few times, no problems.

    Just an aside, I happen to be talking to the person in charge at the local centre that deals with imports/VRT yesterday, and as I will be looking at importing a car for my son next summer, I asked what the story is after Brexit. He replied no one knows for certain yet, but he told me to do it as quickly as possible to avoid further red tape and likely cost increases.

    So op, if you find a car you like in the North, might be worth sorting it as soon as you are allowed to travel.


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