Dealership wanting cash for purchase.

Royal1664

I agreed a deal on a BMW yesterday at a local dealer at a good price. The guys have a lot of good stock but aren't the most politest.
I had to put 100 deposit down on car to secure as well as them working on the car.

On collection they are asking for cash? I said thats daft as I've just used a card and its less secure for them and a ball ache for me to get it. He said thats how they deal but there are motors in there for 10K plus which I know causes issues.

Is this normal? I'm a bit wary, everything checks out with the car.

Cheers

worried_jim

They may have to pay up to 3% per card transaction. They may not have the facility to process cards, the last two I have bought have been from cash only places. I once paid £9k in cash for an Audi A4.

Nodding_Donkey

I'd run like ****

colino

Right, before you have even driven off the forecourt you are wary, haven't been dealt with politely, worried about dealing with them in cash and are asking for interwebbery help.
Do you think you should buy the car from them, or just forfeit the deposit and buy somewhere else?

burlington6

Can't see an issue if they will also take a bank transfer or cleared cheque.

motorguy

Nodding_Donkey wrote: »

I'd run like ****

Because the dealer doesnt want to pay a 3% credit card charge?

marlot

As said, they may have to pay a charge for credit cards. But a debit card has always been fine in my experience - and much safer than carrying loads of cash around.

But if you're not happy with them now, before they have your money, what sort of after-sales care do you think you're going to get if the car turns out to have a fault?

greatgimpo

motorguy wrote: »

Because the dealer doesnt want to pay a 3% credit card charge?

Renegotiate and give cash for a 1.5% charge, and split what they would have paid out.

motorguy

marlot wrote: »

As said, they may have to pay a charge for credit cards. But a debit card has always been fine in my experience - and much safer than carrying loads of cash around.

But if you're not happy with them now, before they have your money, what sort of after-sales care do you think you're going to get if the car turns out to have a fault?

Yes, a debit card incurs a 35p charge, a credit card, around 3%.

fivetide

motorguy wrote: »

Because the dealer doesnt want to pay a 3% credit card charge?

So run because they don't want to pay a 35p charge.

Given the value of the cars, surely it would be easier to accept a debit card than speak to HMRC about fraud cover as these guys will be hitting the limit for that.

http://www.hmrc.gov.uk/mlr/getstarted/register/hvd.htm

Just feels dodgy to me for a dealer of high value cars not to accept cards.

BeenThroughItAll

fivetide wrote: »

So run because they don't want to pay a 35p charge.

Given the value of the cars, surely it would be easier to accept a debit card than speak to HMRC about fraud cover as these guys will be hitting the limit for that.

http://www.hmrc.gov.uk/mlr/getstarted/register/hvd.htm

Just feels dodgy to me for a dealer of high value cars not to accept cards.

Assuming it's going through the books. They're probably about to wind up the trading company to avoid some existing action from an unhappy customer, and thought that the 10K would be handy 'walking-around money' until they get the new company up and running