Selling car to a chap from Ireland - payment issues
Discussion
People of PH give me some advice, got a guy wanting to look at my car - hes from Ireland and banks with the Bank of Ireland, he mentioned bringing a draft or getting a transfer done, but the problem is that there are no BOI branches in the UK, or certainly none where we are....
So does anybody know what the easiest way would be for this guy to buy my car (assuming we agree a deal)... Are there any UK banks affiliated with the BOI and could therefore ensure a speedy transfer? Or should I get him to do an internet transfer and hope for the best?
Any advice appreciated....
So does anybody know what the easiest way would be for this guy to buy my car (assuming we agree a deal)... Are there any UK banks affiliated with the BOI and could therefore ensure a speedy transfer? Or should I get him to do an internet transfer and hope for the best?
Any advice appreciated....
Terminator X said:
I bought a car from a chap in NI, only option was a bankers draft which I handed to him and then drove off in the car. Sometimes trust is your only option.
TX.
Maybe if you are talking about a £5 toy car, but would you really let someone drive off in a car worth £10k on the basis of trust, given you have just met them? If you are, you are far braver than me.TX.
International Bankers' drafts are available. Pop into your bank to check whether they're happy to accept for the value you want, and what security of payment you have in case it goes wrong.
International trade always has a bit of to-ing and fro-ing on this sort of thing. Generally it's built on trust built up over years. If you were a business, it's likely you would demand up-front payment but that's not an option. Your best bet is to ask for at least a portion of the purchase price in cash, which you can take to the bank with him in tow, and get it paid into your account. That at least gives you some money in the bank.
International trade always has a bit of to-ing and fro-ing on this sort of thing. Generally it's built on trust built up over years. If you were a business, it's likely you would demand up-front payment but that's not an option. Your best bet is to ask for at least a portion of the purchase price in cash, which you can take to the bank with him in tow, and get it paid into your account. That at least gives you some money in the bank.
This gets more complicated by the day.
All he can do is transfer the money, stay overnight at a hotel and then take the car the next day when the moneys confirmed! Apparently theres nowhere in the UK where he can get 10k plus out of his BOI account to give to me and then drive off free and clear!
Seems he still wants the car though...
All he can do is transfer the money, stay overnight at a hotel and then take the car the next day when the moneys confirmed! Apparently theres nowhere in the UK where he can get 10k plus out of his BOI account to give to me and then drive off free and clear!
Seems he still wants the car though...
amirzed said:
This gets more complicated by the day.
All he can do is transfer the money, stay overnight at a hotel and then take the car the next day when the moneys confirmed! Apparently theres nowhere in the UK where he can get 10k plus out of his BOI account to give to me and then drive off free and clear!
Seems he still wants the car though...
Agree a date for him to come over to collect the car. Tell your bank to expect the money the day before or on the day he wants to collect the car and have your bank confirm the transfer can't be reversed, preferably in writing. Also ask when they will expect to see cleared funds in your account based on where the money is coming from - ask him to give you BOI branch details where money is coming from and advise your bank of this. Book him into a Premier Inn local to you, check the cash is in your account the next day and complete the deal.All he can do is transfer the money, stay overnight at a hotel and then take the car the next day when the moneys confirmed! Apparently theres nowhere in the UK where he can get 10k plus out of his BOI account to give to me and then drive off free and clear!
Seems he still wants the car though...
Not too complicated but will require a little bit of planning and at least he has to transfer the money first and not expect to receive the car keys and paperwork until you have seen cleared funds in your account. Will require a bit of trust from both of you but he has to send money and understand it has to clear in your account for him to gain ownership of car.
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