Safely Paying A Closing Dealer
Discussion
I'm buying from a dealership which will cease trading at the end of March.
Hitherto it's been a well established business with multiple staff.
I don't have a credit card. Is there a safe way to give them the value of the vehicle? Is it just a case of paying by debit card when I see the Registration doc?
Amount is sub £20k, but it's money I can't afford to lose.
Hitherto it's been a well established business with multiple staff.
I don't have a credit card. Is there a safe way to give them the value of the vehicle? Is it just a case of paying by debit card when I see the Registration doc?
Amount is sub £20k, but it's money I can't afford to lose.
Djtemeka said:
Do it in person. Do the paperwork and pay. You won’t have a warranty though apart from a manufacturer warranty if there is any left. I wouldn’t personally
So sit there and when he gives me the signed reg doc I give him my card? It's within it's manufacturer's warrenty.
I must confess to being a bit cycnical about used car warranties in general. They don't seem to cover much so am I really adding that much risk?
At least the dealership don't seem to be hiding the fact that they are closing.
Are they past of a larger group with the group continuing to trade?
Only pay for the car once you go to collect it, I know a lot of dealers want the money 24 hours in advance but just explain your concerns as they will no longer be trading.
Are they past of a larger group with the group continuing to trade?
Only pay for the car once you go to collect it, I know a lot of dealers want the money 24 hours in advance but just explain your concerns as they will no longer be trading.
66HFM said:
At least the dealership don't seem to be hiding the fact that they are closing.
Are they past of a larger group with the group continuing to trade?
Only pay for the car once you go to collect it, I know a lot of dealers want the money 24 hours in advance but just explain your concerns as they will no longer be trading.
The guy said debit card works fine so I'll go for that.Are they past of a larger group with the group continuing to trade?
Only pay for the car once you go to collect it, I know a lot of dealers want the money 24 hours in advance but just explain your concerns as they will no longer be trading.
They're a main dealer but not part of a larger group, when they're gone they're gone. BUT, I'm paying trade in price so essentially I'm getting a private sale with a month of Main Dealer support thrown in for free. If I could have found one privately I would have bought it.
So I'm taking on risk, and paying less in exchange.
ThingsBehindTheSun said:
If it is that good of a deal then as others have said, inspect the car, pay on your debit card and then drive away.
I would 100% not be paying for the car in advance and then picking it up afterwards.
Yeah, I'm picking it up and handing my debit card over when the reg doc is in front of me. I'm chancing a small deposit.I would 100% not be paying for the car in advance and then picking it up afterwards.
I'll tell you whether it was a good deal in Feb 2035.
In fairness it's not the dealer that is being open about closing on a date, staff all know, they are paying their bills up and closing the doors you need to worry about.
It's the dealer that's open one day, everyone is in the dark, the next day the owner doesn't turn up, a week later the bailiffs do. And that's the one that's very hard to predict.
I'd still pay on collection and make sure the v5 is sorted while you are there and make sure you have a bill of sale for the car.
It's the dealer that's open one day, everyone is in the dark, the next day the owner doesn't turn up, a week later the bailiffs do. And that's the one that's very hard to predict.
I'd still pay on collection and make sure the v5 is sorted while you are there and make sure you have a bill of sale for the car.
ZX10R NIN said:
Dg504 said:
Turn up, check it over (again ideally), then pay and leave?
Sort anything direct with the manufacturer once home.
As above it really is that simple.Sort anything direct with the manufacturer once home.
I was over thinking it.
Many thanks to PHers for getting it all in perspective.
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