Trying to prevent inevitable decline on purchase

sillystudent_2

Sorry this might be a silly idea (and prob. too late now for OP) but could the OP not ring their credit card company and ask them to send them one of those 'credit card cheques' (for the specific amount of the car.)

Credit card cheques have had really bad press (and rightly so) as they're treated as cash advances (and thus will incur a small handling charge + interest straight away) but given that the OP has savings in a 30-day notice account, they could hopefully pay off the balance before much interest is incurred. Even on a cash advance as large as this, the interest payable over 30 days would surely not amount to a huge sum?

This is of course, assuming the dealer/seller will take cheque - I'd assume so, especially if its from an actual credit card co. rather than an individual.

(Sorry if this is a bit of a barmy idea just trying to think outside of the box for OP's sake - other posters feel free to shoot me down!)

eschaton

sillystudent wrote: »

Sorry this might be a silly idea (and prob. too late now for OP) but could the OP not ring their credit card company and ask them to send them one of those 'credit card cheques' (for the specific amount of the car.)

Credit card cheques have had really bad press (and rightly so) as they're treated as cash advances (and thus will incur a small handling charge + interest straight away) but given that the OP has savings in a 30-day notice account, they could hopefully pay off the balance before much interest is incurred. Even on a cash advance as large as this, the interest payable over 30 days would surely not amount to a huge sum?

This is of course, assuming the dealer/seller will take cheque - I'd assume so, especially if its from an actual credit card co. rather than an individual.

(Sorry if this is a bit of a barmy idea just trying to think outside of the box for OP's sake - other posters feel free to shoot me down!)

Small handling fee will be approx 3% - say transaction is £3000 so there's £90 plus interest.

Any other barmy ideas ?

zfrl

Why are you embarrassed? This is a security check by the card issuer to ensure that it is being used legitimately. I have never had a problem with them telephoning, which they did when I bought my car using my credit card.

sillystudent_2

Small handling fee will be approx 3% - say transaction is £3000 so there's £90 plus interest.

Any other barmy ideas ?

Isn't there an upper limit to the handling fee - I'm sure on my credit card its minimum £3, maximum £20 or something. I wasn't pretending in any way it was a moneysaving move, just trying to help the OP who's clearly stuck for ideas

eschaton

sillystudent wrote: »

Isn't there an upper limit to the handling fee - I'm sure on my credit card its minimum £3, maximum £20 or something. I wasn't pretending in any way it was a moneysaving move, just trying to help the OP who's clearly stuck for ideas

Reading your credit card t&c's again and come back and say you were wrong.

OP needs a new credit card - plain and simple, OP is only person that does not realise this.

jonesMUFCforever

sillystudent wrote: »

Isn't there an upper limit to the handling fee - I'm sure on my credit card its minimum £3, maximum £20 or something. I wasn't pretending in any way it was a moneysaving move, just trying to help the OP who's clearly stuck for ideas

Credit card cheques do not offer any protection under S75 of the CCA.