Buying a car privately. Best way to pay?

Scotspaul · 24 Jan 2017 at 21:18

How do people pay for cars nowadays? I'm in the market for a new to me car and just wondered what the best way would be. Since it's a 7 grand budget I don't fancy cash at all so my favourite would be bank transfer.

Thoughts?

balls · 24 Jan 2017 at 21:21

Depending on your bank, on line Bank transfer, or go into a branch and do the transfer there

Helios1234 · 24 Jan 2017 at 21:37

Online bank transfer.

wingman · 24 Jan 2017 at 22:26

Simple bank transfer, probably from your app if you've added the person to your payables.

Failing that, walk into a bank and do it there, although that seems unnecessary these days.

Englander91 · 24 Jan 2017 at 22:29

Bank transfer - I'd do it through an app right there and then

helpimcrap · 24 Jan 2017 at 22:37

Bank Transfer - takes about 2hrs. If you go into the bank and do it expect lots of "are you sure?" "the car is definitely going to be there?" etc lol

Holst1981 · 24 Jan 2017 at 23:17

helpimcrap said:
Bank Transfer - takes about 2hrs. If you go into the bank and do it expect lots of "are you sure?" "the car is definitely going to be there?" etc lol

I didn't have any problems like that with natwest.
Just went to the counter and withdrew it, no questions asked.

They get lots of other stuff wrong but it was easier than I expected.

Captain · 24 Jan 2017 at 23:32

helpimcrap said:
Bank Transfer - takes about 2hrs. If you go into the bank and do it expect lots of "are you sure?" "the car is definitely going to be there?" etc lol

2 hours since when? 99% of banks are instant 24/7.

Semple · 25 Jan 2017 at 08:43

Clov!s said:
2 hours since when? 99% of banks are instant 24/7.

Most are instant, but Faster Payments can take up to 2 hours and also have a limit - albeit i think the OP's budget is under that limit for most banks.

When i bought my last car i paid a small "deposit" on the credit card for the protection, and then bank transferred the rest into the dealerships account - thankfully it went through instantly.

But OP just needs to be aware that if the transfer isn't instant, he could be waiting around a couple of hours for it to clear.

Scotspaul · 25 Jan 2017 at 20:12

Yes the potential 2 hour wait could be annoying but I'd probably use at least two hours going to a bank and getting cash so it isn't really as bad as all that .unless the seller is a douch of course in which case it could be a really long 2 hours ...

I guess I also need to check with seller he'll accept a direct transfer....

Nasher · 26 Jan 2017 at 09:19

Suitcase full of wedges.

But take a hench guy in a smart suit, jewellery and gold teeth along for security.