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Payment for a car
Comments
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Just go to your bank and ask for one, maybe ring them so they have it ready for you.
Last time I got a car I paid by Debit Card, if it was under 1k I would just use cold hard cash.0 -
How long would a bankers draft take to issue?0
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What sum of money are you talking about? Upto a few thousand I would really expect csah (bank draft second best option) there is a slight risk with all methods of payments. Dodgy notes or dodgy draft, but you just have to be sensible.
I assume you are buying and if its cheap just take the cash, if you are worried at all take someone with you.0 -
If you are travelling somewhere, the way I've done it is to contact my bank the day before and arrange to have the draft ready at the branch nearest to where I'm collecting the car. That way the seller can come with you to the bank and be sure the bnankers draft is genuine and you can walk to their bank and deposit it straight away.
Been a while since I've done this, Direct Debit card best if it is a car dealer.0 -
It'd probably be about £3000 at a dealer around 15 miles from my home.0
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I imagine the dealer will take a debit card. We bought a new card for £10,640 and it went throughby debit card. You can pay with a credit card too but they charge a fee. When we bought our last second hand car from a private dealer we paid £4000 cash. I'd ring up the dealer and ask. I think you will have to pay the bank for a bankers draft whereas debit card is free.:j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)0
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cash is always king,most dealers will give a bit more discount for itI
MOJACAR0 -
hartcjhart wrote: »cash is always king,most dealers will give a bit more discount for it
Yes, cash is great, you only have to pay about 50p per £100 to bank it!0 -
shop-to-drop wrote: »I imagine the dealer will take a debit card. We bought a new card for £10,640 and it went throughby debit card. You can pay with a credit card too but they charge a fee. When we bought our last second hand car from a private dealer we paid £4000 cash. I'd ring up the dealer and ask. I think you will have to pay the bank for a bankers draft whereas debit card is free.
My Dad bought a BMW X3 from the local BMW garage for £27,999 and paid by Debit Card. The bank rang up BMW though and asked to speak to my dad so he could confirm security details.This is my signature. There are many like it, but this one is mine.0 -
The last few times I have bought a car I have just used my debit card. The bank will probably want to charge you for a bankers draft but using a debit card should be free.0
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