Credit card payment not accepted by Fords of Windsord

SHAFT

motorguy wrote: »

Not fool proof though. And a risk of the draft having been stolen.

I've never had a particular issue with paying for a car - debit card or bank transfer never causes an issue.

I've never been concerned about the bank handing me a stolen draft.

Debit card is the way forward now though.

motorguy

SHAFT wrote: »

I've never been concerned about the bank handing me a stolen draft.

Debit card is the way forward now though.

A bank wont - but a customer might hand you one. Or they can be cancelled.

From a dealers perspective its not without risk, to the extent where it could delay the handover if they want to ensure it clears in to their accounts first.

Many people think a bankers draft is "as good as cash". It isnt - as many people sadly found out. That isnt just car dealers by the way, many innocent sellers have been caught out too.

SHAFT

motorguy wrote: »

A bank wont - but a customer might hand you one. Or they can be cancelled.

From a dealers perspective its not without risk, to the extent where it could delay the handover if they want to ensure it clears in to their accounts first.

Many people think a bankers draft is "as good as cash". It isnt - as many people sadly found out.

It's never delayed a handover as far as I'm concerned and none of that really matters as I won't use them again.

motorguy

SHAFT wrote: »

It's never delayed a handover as far as I'm concerned and none of that really matters as I won't use them again.

I think we both agree that a bankers draft is not a foolproof transaction (nor was it necessarily easier as you had to go the bank and organise it, then take it to the dealer), so i'm not sure why you're labouring this?

onomatopoeia99

SHAFT wrote: »

In days gone by we got a bankers draft. Seemed a lot less bother to buy a car then.

I got a bankers draft to buy my car 15 years ago, for more than £20k and from a private seller rather than a garage (so cards were not an option and it would have needed a CHAPS transfer at 8pm in the evening to move the money electronically so not happening). It was out of manufacturer warranty and as a private sale obviously came with no warranty from the seller.

According to posters on this thread, I shouldn't have done so and we should all be paying used car salesmen a healthy markup to get a second hand car dealer's "warranty" rather than buying cars privately. Not the most expert moneysaving way to go about it ...

When issuing the draft, the bank explicitly told me that once issued there were no circumstances in which they would cancel it unless I brought it back into the branch.

Ectophile

onomatopoeia99 wrote: »

When issuing the draft, the bank explicitly told me that once issued there were no circumstances in which they would cancel it unless I brought it back into the branch.

You may know that. But the person selling you the car has no idea if it's a genuine bank draft, or a forgery, until they take it to their bank.


By the time the bank rejects a forged draft, the buyer would be long gone.

[Deleted User]

Run for the hills. If they are trying to dodge S75 then they are not trustworthy and the car is probably a dud.

Nearlyold

onomatopoeia99 wrote: »

When issuing the draft, the bank explicitly told me that once issued there were no circumstances in which they would cancel it unless I brought it back into the branch.

We would never accept a Bankers Draft or Building Society cheque without telephoning the Bank/Building Society branch to check that they had indeed issued the draft/cheque for that amount. It wasn't just a case of possible forgery but back in the day blank Bank Drafts or Building Society cheque books were a popular target for thieves.

motorguy

onomatopoeia99 wrote: »

I got a bankers draft to buy my car 15 years ago, for more than £20k and from a private seller rather than a garage (so cards were not an option and it would have needed a CHAPS transfer at 8pm in the evening to move the money electronically so not happening). It was out of manufacturer warranty and as a private sale obviously came with no warranty from the seller.

According to posters on this thread, I shouldn't have done so and we should all be paying used car salesmen a healthy markup to get a second hand car dealer's "warranty" rather than buying cars privately. Not the most expert moneysaving way to go about it ...

When issuing the draft, the bank explicitly told me that once issued there were no circumstances in which they would cancel it unless I brought it back into the branch.

You might think that but....

https://www.thisismoney.co.uk/money/experts/article-3445592/TONY-HETHERINGTON-no-one-rely-Halifax-banker-s-draft.html

And many were stolen too.

I'd a motor trader friend of mine caught out to the tune of £15,000 or so by accepting a bankers draft some years ago that turned out to be stolen. :eek:

motorguy

DELETED USER wrote:

Run for the hills. If they are trying to dodge S75 then they are not trustworthy and the car is probably a dud.

I dont think they're doing it to dodge Section 75, it sounds like they've decided on a blanket ban on credit card payments, to avoid having to absorb the fees on an already tight margin.

Dont forget, this car is still under manufacturers warranty.

We once bought a year old 370Z GT from a car supermarket and the salesman was frankly a complete !!! hole. We really did buy the car in spite of him rather with the aid of, however i knew we'd never darken their door again as for any servicing / warranty work we'd be taking it back to Nissan. :beer: