Buying a car as paypal gift

[stargazer30]

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.

[stargazer30]

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 :-(

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.

[stargazer30]

ADEuk said:

If you want to downsize to pay off debt, putting the new car on a credit card before selling the old one seems a bit arse about face...

Not really. CC is interest free. New car is worth less then half old one. So the CC is just a temporary cash buffer in this case.

[stargazer30]

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.

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.