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Deposit paid. Is it worth popping the balance on the credit card? Or just paying it on debit card.
Appreciate it’s all a bit old fashioned to actually buy a car…
A lot of dealers will not accept it on credit card due to the charges, so you might struggle.
Also, banks might not let a large transaction go on a debit card without prior notification. Turns out I needed to ring Barclays to get them to allow the payment through due to their fraud and money laundering etc checks. Bit of a ball ache from memory on about a £12k purchase.
I would make sure some of it is on the credit card for section 75 protection - lot more robust than the voluntary debit card schemes. Doesn't have to be the full amount (could just be a pound i think).
Had an issue on a nearly new car back in November. I didn't even think to ask the bank about a high debit card transaction. It was stopped, no payments were allowed out of my account and it took an hour and a half on the phone (HSBC). Previous to that a 30 min wait on the phone bank app using the chat facility. To then be told I had to call them 🤬 They then sorted it and I made sure the person stayed on the phone whilst we tried the transaction again. My card also stopped working for the day after that transaction to which I used the bank app chat to ask why and it was due to the known large transaction 😂
Yeah, I had much teh same- stood in a guy's living room watching my phone say "no". Luckily I had an account with another bank who don't give a shit about fraud 🙂
+1 on needing to inform a bank of large transaction. We had about 30mins on hold to clear it before we went into the garage, and even then 'computer says no' until we called again.
Always use a credit card if you can, as Ewan said for sec 75 protection. Just pay it off as soon as you can. Sec 75 covers you for more stuff than any 'warranty' will.
Having said that I bought a car a few (5?) years ago which had issues on my debit card. The bank covered me and I got my money bank through a chargeback. There's a long thread on here about it somewhere.
Suitcase full of non-consecutive used notes, guv?
Bank transfer for our last one. Actually is was 4 transfers due to limit on the app but garage was fine with that.
I bought our car on the tesco credit card, Clubcard points innit. (Not as many as I'd have hoped though)
A friend bought a camper van on a credit card.
In simple terms, it turned out to be a death trap, garage she bought from wouldn’t help, credit card refunded the full amount.
Pay the deposit on credit card, then bank transfer for the balance usually. Make sure you pay some of it on a credit card anyway, covers you under section 75 as long as the cost of the purchase is more than £100 and less than £30k total...
Just sold my GF's car to buy another one, the one we just sold had to get a bit assertive with the garage we bought it from as it developed a problem with the DPF within the first 3 weeks that she had it, but couldn't get it sorted as half way through the 3rd week of ownership she fell off her bike and broke her collarbone, and then just as she was recovering from her collarbone she found out she had cancer, got rushed to surgery etc... She'd barely driven the car at all 6 months later by the time she was well enough and had free time to get it sorted. Fortunately I know a very reputable independent garage well who did an inspection and a report for me to state that the DPF was kaput and had been so for some time... The garage we bought the car off tried to get shitty over the length of time, but I pointed out that I'd raised it within 4 weeks initially when the problem first occurred, and then spoke to them again within 3 months saying they needed to fix it (they insisted I had to get the car to them, which I could not do at the time with my GF in hospital). I ended up pointing out that mu GF had paid the £500 deposit on Credit Card, and that she would be refusing the car as unfit for use at that point...
The next day they rang her and told her just to take it to her preferred local independent for a replacement DPF and they'd pick up the bill...
By contrast, my Dad had a new head gasket fitted and the head skimmed in a TD5 Land Rover Discovery many years ago, or so he thought... A real cowboy outfit, he fell for the big premises, loads of cars outside and promises of being able to do it quickly when everyone else was chock full of work. I'm 99% certain they chucked a bottle of steel seal in and did nothing else, cos less than 500 miles later the engine lost all compression and died! At this point I intervened to ask how much he'd paid on Credit Card, and he looked back forlornly to reply nothing as they'd insisted he paid cash from the start... He borrowed a car to drive down to see them to have it out, and guess what... New name, new sign above the door, but same people and loads of different cars outside. Turns out they were a well known gang of about a dozen, and every 6 months would bury the existing company, and phoenix it the next day with a different name and a different one of them as the director... They of course claimed not to have a clue who he was, and threatened to call the police to get him to go away!
ALWAYS pay something on a credit card...
Appreciate it’s all a bit old fashioned to actually buy a car…
Far better than borrowing at extortionate interest rates for the privilege of being able to drive it, but not actually owning it, IMO...