Buying a car as paypal gift
Discussion
So I want to sell my more expensive car, buy a cheaper one and pay off some debt. Dealers all want to give me nothing and overprice there cars. So I am looking at WBAC and a private buy for the new motor of 4K.
Problem is I want to buy the new car first on my credit card, give me time to xfer off my private plate, put my car back to standard before it gets WBAC'd.
Only way I figure to do it is using paypal, so the question, if you were selling a car and the buyer (me) told you this offered to pay the full amount by paypal gift payment, at your house, wait for you to see the cash in your paypal account before driving off. Would you;
a) be okay with that
b) tell me to go do one
c) something else
Also does paypal allow gift payments linked to credit cards for this kind of money?
PH Disclaimer - I'm not a powerful company director, I will not throw red bull at you if you go option B, my lawns a mess and I have no frozen sausages. Oh and if Renault, you're reading, **** you too, your cars are junk.
Problem is I want to buy the new car first on my credit card, give me time to xfer off my private plate, put my car back to standard before it gets WBAC'd.
Only way I figure to do it is using paypal, so the question, if you were selling a car and the buyer (me) told you this offered to pay the full amount by paypal gift payment, at your house, wait for you to see the cash in your paypal account before driving off. Would you;
a) be okay with that
b) tell me to go do one
c) something else
Also does paypal allow gift payments linked to credit cards for this kind of money?
PH Disclaimer - I'm not a powerful company director, I will not throw red bull at you if you go option B, my lawns a mess and I have no frozen sausages. Oh and if Renault, you're reading, **** you too, your cars are junk.
backwoodsman said:
Normally, if paying as gift from paypal funds, I would think about it.
But knowing you are making that gift payment, backed by a credit card, no way.
Even a gift payment can be recalled, if paid from a stolen card.
Hmm I didn't know that :-(But knowing you are making that gift payment, backed by a credit card, no way.
Even a gift payment can be recalled, if paid from a stolen card.
I can for sure get my car ready to sell, WBAC it and have cash for the new car. The problem with that though is no car for work unless I can find a good one relatively quickly. I dont want to rush a private buy ideally.
luckystrike said:
If dealers are offering silly money why then sell to WBAC? If it's all about saving money then surely you'd want to sell privately?
WBAC seem to offer the insulting prices of dealers with none of the potential advantages, i.e. being able to drive another car away instantly.
Last 3 cars I've sold, WBAC came in £500 to £1000 more than best dealer trade in. Dealers really do take the p**s up here. This time round WBAC are £800 more than the dealer. WBAC seem to offer the insulting prices of dealers with none of the potential advantages, i.e. being able to drive another car away instantly.
Private sale is an option, with WBAC as the backup plan. I live in the north east and its a low milage, immaculate Type R so I will prob just get idiots/test pilots though.
stargazer30 said:
Last 3 cars I've sold, WBAC came in £500 to £1000 more than best dealer trade in. Dealers really do take the p**s up here. This time round WBAC are £800 more than the dealer.
Private sale is an option, with WBAC as the backup plan. I live in the north east and its a low milage, immaculate Type R so I will prob just get idiots/test pilots though.
I'm surprised, but of course happy for you! If it's more than a trade in I'd say it's a price worth considering to avoid mouthbreathers so fair shout.Private sale is an option, with WBAC as the backup plan. I live in the north east and its a low milage, immaculate Type R so I will prob just get idiots/test pilots though.
I've been doing transactions with PayPal as a buyer and a seller for many years, both through eBay and outside it.
I would categorically never accept a gift transaction in payment for a car, whatever the source, but even more strongly so if it was backed by credit card. Absolutely no chance.
I would categorically never accept a gift transaction in payment for a car, whatever the source, but even more strongly so if it was backed by credit card. Absolutely no chance.
McSam said:
I've been doing transactions with PayPal as a buyer and a seller for many years, both through eBay and outside it.
I would categorically never accept a gift transaction in payment for a car, whatever the source, but even more strongly so if it was backed by credit card. Absolutely no chance.
Why would you accept regular paypal but not as a gift? I would categorically never accept a gift transaction in payment for a car, whatever the source, but even more strongly so if it was backed by credit card. Absolutely no chance.
The buyer has zero come back when sending money as a gift.
The only risk you have is if the card was stolen I guess, but you would ask to see photo ID and be filling in their details for the V5 anyway.
That makes no sense?
My apologies, saying "gift transaction" was a bit of a misnomer, I wouldn't accept any form of PayPal payment.
I would have more reservations about taking a gift payment as this is explicitly described as not being in exchange for goods or services, and so you have absolutely no defence if the payment is reversed.
Not that you have much to say against PayPal anyway, hence the above!
I would have more reservations about taking a gift payment as this is explicitly described as not being in exchange for goods or services, and so you have absolutely no defence if the payment is reversed.
Not that you have much to say against PayPal anyway, hence the above!
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