Arval autoselect payment via bank transfer only

crikaus

Hi fellow mse's

I've seen a three-year-old car via a company called Arval Autoselect apparently they sell some of their best used cars when it's returned from leasing,
it looks like one of the Cinch type outlets and you have 14 days to return if your unhappy with the car for a full refund. 

however the thing I've come across is they want the full payment via bank transfer they will not accept any sort of deposit via a card transaction eg £100 on a credit card etc I'm thinking this is a rather unusual and yet they are owned by BNP Paribas one of the worlds largest banks! 

My concern is what if I pay them and then they go bust obviously I'll have no money and no car is this a risk to far

born_again

Becoming far more common due to card charges.

Why does being owned by a bank make this unusual?

crikaus

born_again said:

Becoming far more common due to card charges.

Why does being owned by a bank make this unusual?

Well as bnp use them everyday one would think bnp could lend arval one

WellKnownSid

crikaus said:

My concern is what if I pay them and then they go bust obviously I'll have no money and no car is this a risk to far

Very big in Europe, friends of ours in Spain leased through them 20 years ago.  One and a half million vehicles on the road.

Well as bnp use them everyday one would think bnp could lend arval one

They always used to be mostly B2B so I imagine they are chasing a particular class of consumer and don't want to deal with the ruffians - the complainers with their associated chargebacks.

born_again

crikaus said:

born_again said:

Becoming far more common due to card charges.

Why does being owned by a bank make this unusual?

Well as bnp use them everyday one would think bnp could lend arval one

What makes you think they have them?
Many banks take card payments, but do not actually have/run card machines or supply t hem to customers.