carnext.com - bank transfer only?

anotheruser

The "reviews" seem okay but someone could have made them up in a couple of days.
The dealer suggests online that they only take bank transfers as payment, which is a shame as I'll be using a credit card for half the purchase - unless the car is still there in 5 months time!
One to steer clear of?

treeroy

Seems strange that they would only accept bank transfers, but Carnext.com is a legitimate company. They are part of Leaseplan. When Leaseplan customers end their lease, the cars get sold on through Carnext.

MinuteNoodles

Very few car dealerships want the hassle of cash. It actually increases their costs as having large amounts on the premises means higher business insurance and banks charge business accounts every time you pay in some cash. Hell even in my own personal life when I sell something and someone says they'll pay me in cash I find myself sighing and rolling my eyes as it's just so inconvenient. I don't use the stuff and it's just another trip to the post office I didn't need to do to pay it in.

Card payments come with payment fees too, a bank transfer is fee free to them so the cheapest option for taking payments of large amounts.

AdrianC

MinuteNoodles said:

Very few car dealerships want the hassle of cash. It actually increases their costs as having large amounts on the premises means higher business insurance and banks charge business accounts every time you pay in some cash.

It may actually be illegal for them to accept cash, too.

Any business that accepts €10k+ cash for any transaction MUST be registered with HMRC beforehand.
https://www.gov.uk/guidance/money-laundering-regulations-high-value-dealer-registration

anotheruser

MinuteNoodles said:

Very few car dealerships want the hassle of cash. It actually increases their costs as having large amounts on the premises means higher business insurance and banks charge business accounts every time you pay in some cash. Hell even in my own personal life when I sell something and someone says they'll pay me in cash I find myself sighing and rolling my eyes as it's just so inconvenient. I don't use the stuff and it's just another trip to the post office I didn't need to do to pay it in.

Card payments come with payment fees too, a bank transfer is fee free to them so the cheapest option for taking payments of large amounts.

Who said anything about accepting cash?
The last two cars I bought, I paid with card. Safer for me.
Just seems like carnext want to avoid card fees, yet if something is wrong, much more difficult to get money back. 

AdrianC

I've bought two this year - bank transfer. One private, one trade.
I've sold two this year - cash... One private, one trade.

craigmcbeath

I got a Skoda from them a couple of week ago.  OK service and good prices but poor communication.  The car had one or two things missing which I assume were mistakenly listed on its spec.  I have been in touch with them regarding some compensation but I notice today that they have no cars listed for sale on their UK site.  There were a couple of hundred on there when I was looking to buy.  Last week they had only 5 cars on there.  Worrying? 

sweetsand

MinuteNoodles said:

Very few car dealerships want the hassle of cash. It actually increases their costs as having large amounts on the premises means higher business insurance and banks charge business accounts every time you pay in some cash. Hell even in my own personal life when I sell something and someone says they'll pay me in cash I find myself sighing and rolling my eyes as it's just so inconvenient. I don't use the stuff and it's just another trip to the post office I didn't need to do to pay it in.

Card payments come with payment fees too, a bank transfer is fee free to them so the cheapest option for taking payments of large amounts.

Exactly that. We often pay the 10% deposit via cc  or at least some of via cc and other via dc, then the rest of the money is via bank transfer which is ether at the dealership or when the main dealer delivers the brand new car to our address. Same applies to car brokers as they put us in touch with a mian dealer and no money goes to the broker from us.

RichardD1970

craigmcbeath said:

I got a Skoda from them a couple of week ago.  OK service and good prices but poor communication.  The car had one or two things missing which I assume were mistakenly listed on its spec.  I have been in touch with them regarding some compensation but I notice today that they have no cars listed for sale on their UK site.  There were a couple of hundred on there when I was looking to buy.  Last week they had only 5 cars on there.  Worrying? 

They have stopped selling in the UK.

https://www.fleetnews.co.uk/news/fleet-industry-news/2020/10/02/leaseplan-closes-uk-used-car-site-as-arval-launches-new-offering

sweetsand

RichardD1970 said:

craigmcbeath said:

I got a Skoda from them a couple of week ago.  OK service and good prices but poor communication.  The car had one or two things missing which I assume were mistakenly listed on its spec.  I have been in touch with them regarding some compensation but I notice today that they have no cars listed for sale on their UK site.  There were a couple of hundred on there when I was looking to buy.  Last week they had only 5 cars on there.  Worrying? 

They have stopped selling in the UK.

https://www.fleetnews.co.uk/news/fleet-industry-news/2020/10/02/leaseplan-closes-uk-used-car-site-as-arval-launches-new-offering

Thank you for the link as that will be very reassuring for this poster and others.
As I said before and another touched on it, bank transfers have been the norm with the bigger outfits for years especially when cars cost mosre than a few k or leases plans etc, I guess.