Dealership wanting cash for purchase.

Royal1664

Thanks for the replies. The cars 7700 so its under the limit. I some with him, apparently all their cars are sold this was. He said they limit the card payments to 100. He said they seperate the parts and service side of the business from car sales. I spoke to an audi garage next door who said they deal with them all the time and their alright. Audi also said they incur a charge for debit cars?

spacey2012

How could you prove you paid if it turns out to have a Log book loan on the car.
I would look for a more professional set up.

BeenThroughItAll

Royal1664 wrote: »

Thanks for the replies. The cars 7700 so its under the limit. I some with him, apparently all their cars are sold this was. He said they limit the card payments to 100. He said they seperate the parts and service side of the business from car sales. I spoke to an audi garage next door who said they deal with them all the time and their alright. Audi also said they incur a charge for debit cars?

RING! RING! RING! RING! RING! RING! RING! RING!


Only me who can hear those bells is it? Separate companies for this and that, forcing a payment method on buyers etc? They probably have some deal with the guys in the Audi garage (or its another of their businesses).

Your cash, your decision...

maninthestreet

Why would they want the risk of having to go to the bank with thousands of pounds in order to pay ths into a bank account?
The answer is that it's probably not going to be paid into a bank account. Draw your own conclusion why.....

DKLS

maninthestreet wrote: »

Why would they want the risk of having to go to the bank with thousands of pounds in order to pay ths into a bank account?
The answer is that it's probably not going to be paid into a bank account. Draw your own conclusion why.....

I imagine it would be immediately banked in the back pocket and treated as a perk of the job.

Ebe_Scrooge

Well dodgy.

Most dealers won't accept a credit card due to the high fees, but a debit card is a different matter. Safer for you, safer for them ( once the transaction is cleared, that's it, the money is in their bank safe and sound. It can't "bounce" like a cheque can ). It's also cheaper for them - it costs businesses quite a lot of money to deposit cash. Any kosher dealer would positively welcome debit card payments.

<edit> Just a thought - is this possibly just a confusion over terminology ? Many people include debit cards when they talk about "cash" - this being distinct from cheque or credit card, which have their own problems. A debit card is - near as makes no difference - cash. Maybe when he says "cash" he does actually mean a debit card ? Just a thought. Of course, if he IS dodgy and doesn't want the sale to be traceable, then he probably does mean folding readies!

scotsbob

I think the dealer has learned the hard way that despite all the trumpeting about data protection, banks are quite happy to pass on your personal details to government depts.

It's my experience that when a government dept finds you have got a few thousand in cash they come and try to snatch some of it.

I think the dealer is just using common sense here.

cajef

I bought a brand new Honda for cash last year from a main dealer, the dealer accepted a CC for the deposit but would only accept debit card, bank transfer or cheque for the balance and if cheque would not release the car till it had cleared.

arcon5

Debit cards still incurs a % charge, just a lower one than CCs.

MLR is as much about vetting their customers as it is anything else.

vaio

arcon5 wrote: »

Debit cards still incurs a % charge, just a lower one than CCs.

MLR is as much about vetting their customers as it is anything else.

There are a couple of very much sub prime firms that do charge a % on debit cards but the vast majority are fixed rate at somewhere between 10p & 20p per transaction