Purchasing a car within the EU - methods of payment?

Purchasing a car within the EU - methods of payment?

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m33ufo

Original Poster:

4,959 posts

231 months

Wednesday 31st December 2014
quotequote all
I'm currently giving some thought to purchasing my next car from within mainland Europe, most likely France, Germany or Italy. I'm a private purchaser and the sum of money likely to be in the order of 100,000 euro.

My question is, what's the most economic way to pay in terms of achieving the best exchange against the euro? My bank account is within the UK (Lloyds Bank). Any advice members can give would be most welcome. The purchase is likely to be via a dealer but not ruling out a private purchase.


m33ufo

Original Poster:

4,959 posts

231 months

Wednesday 31st December 2014
quotequote all
Thanks guys, that's very interesting.

I'll certainly look at setting up a HIFX account. Unfortunately I'm not quite in a position to purchase - even if I'd found the car! Thought I'd research it first a little. Should come together over the next couple of months.