Paying a dealer in the North for a car

revoke12 · 21-02-2019 11:14am #1

Hi Everyone,

Just wondering whats peoples opinions on the best way of paying a garage for a car in the north currency wise? Is a bank transfer a good way of saving on exchange rates? Credit card? Bank Draft which is the best in regards the change in currency iv read paying by bank is the best but im unsure. Thanks.

Henry Ford III · 21-02-2019 12:23pm

Have a look at www.transfermate.com

Good fx rates and really fast transfers. I've used them and they were excellent.

revoke12 · 21-02-2019 12:28pm

Henry Ford III wrote: »

Have a look at www.transfermate.com

Good fx rates and really fast transfers. I've used them and they were excellent.

cool thanks will look into them this morning. Trying to see which my best options are and other peoples opinions first time buying in north so unsure of what way to go.

jpbdrogheda · 21-02-2019 1:29pm

revoke12 wrote: »

cool thanks will look into them this morning. Trying to see which my best options are and other peoples opinions first time buying in north so unsure of what way to go.

+1 for Transfermate. Used it recently and very easy to use....saved me a packet compared to used my debit card.....easily covered costs in getting the car over from the UK.

revoke12 · 21-02-2019 1:30pm

jpbdrogheda wrote: »

+1 for Transfermate. Used it recently and very easy to use....saved me a packet compared to used my debit card.....easily covered costs in getting the car over from the UK.

Great thanks i will read into it today. is it easy to transfer funds etc to the account and do you simply transfer then to the garage bank? will read into it in detail today just looking on a low down.

jpbdrogheda · 21-02-2019 2:24pm

revoke12 wrote: »

Great thanks i will read into it today. is it easy to transfer funds etc to the account and do you simply transfer then to the garage bank? will read into it in detail today just looking on a low down.

Yes, easy to transfer to......you may need to call into your bank to do transfer if over certain limits....but you just request a local transfer to transfermate and in my case it was there within 30 mins. Try then change it from euro to £ST. Then just a matter of adding the dealers bank details into Transfermate and request transfer. Went through with a couple of hours....transfers over the weekend dont go through until Monday so just something to bear in mind.

cpoh1 · 21-02-2019 3:03pm

A bit of advise. I used transfermate but didnt transfer the full amount so that i could haggle over any last minute issues that didnt turn up in the report and pictures before i saw the car in person. I kept back 700 and got that from the bank and brought it with me. Worked out well because there was a small issue when i viewed the car i wasnt expecting and got another 150 off the car again with a bit of haggling.

listermint · 21-02-2019 3:05pm

Currencyfair.com are also good check all companies rates and choose the best.

I used these last year for a UK purchase

toby2111 · 24-02-2019 10:41am

Anyone use Revolut? Is there a daily limit to their transfers?

Squidgy Black · 24-02-2019 12:15pm

toby2111 wrote: »

Anyone use Revolut? Is there a daily limit to their transfers?

75k is the daily limit

toby2111 · 24-02-2019 1:50pm

Squidgy Black wrote: »

75k is the daily limit

Cheers for that..... Hope to spend about one tenth of that!!
So is revolut the best value option to use? Better exchange rates than those listed above?

revoke12 · 27-02-2019 11:20am

Cheers everyone - first time buying up north just wondering what does the garage need to give me etc to VRT down south i persume an invoice etc but is there any forms they need to fill out for me while im up there? Prob sounds like a silly question but im clueless to this as its my first time buying Eng reg.

Squidgy Black · 27-02-2019 11:23am

revoke12 wrote: »

Cheers everyone - first time buying up north just wondering what does the garage need to give me etc to VRT down south i persume an invoice etc but is there any forms they need to fill out for me while im up there? Prob sounds like a silly question but im clueless to this as its my first time buying Eng reg.

Invoice, and make sure you get the V5C off them. Similar to the way we send off the logbook when we sell a car down south, they send the V5C off to the DVLA as standard when a car is sold, but the issue is it requires a UK address, and can be troublesome if you don't have it when trying to register the car down south.

revoke12 · 27-02-2019 11:25am

Squidgy Black wrote: »

Invoice, and make sure you get the V5C off them. Similar to the way we send off the logbook when we sell a car down south, they send the V5C off to the DVLA as standard when a car is sold, but the issue is it requires a UK address, and can be troublesome if you don't have it when trying to register the car down south.

Great thanks for that. so basically just them 2 things i need so off the garage.

toby2111 · 27-02-2019 10:55pm

Squidgy Black wrote: »

but the issue is it requires a UK address, and can be troublesome if you don't have it when trying to register the car down south.

So how do people do this if they don't have a UK address to use?

The J Stands for Jay · 27-02-2019 11:02pm

toby2111 wrote: »

So how do people do this if they don't have a UK address to use?

You don't need a UK address. You take the v5c or whatever it's called with you. It's a different process for an export.

Squidgy Black · 27-02-2019 11:04pm

toby2111 wrote: »

So how do people do this if they don't have a UK address to use?

You insist that the dealer doesn't send off the V5C and bring it with you to the VRT centre. Fill out the V5C/4 and they can send that off to the DVLA to notify them the cars being exported. But it's extremely important to make sure you hold on to the V5C itself.

toby2111 · 27-02-2019 11:16pm

Ok, thanks.
Slightly off topic but can anyone recommend a dealer(or dealers) in the North who will source a car if I give them a few that I'm interested in?

bazz26 · 27-02-2019 11:21pm

Why pay a middle man to source a car for you that you have already identified?

John_Mc · 04-03-2019 3:26pm

Arranging payment to the UK myself right now and went about setting up Transfermate. I had previously used CurrencyFair.

A real pain to set up Transfermate - I couldn't believe it. They requested a bank statement, 2 forms of Id and that I print, fill in my hand and scan an application form and send it back to them.

When I eventually went to send the money it was €200 more expensive than CurrencyFair.

at9qu5vp0wcix7 · 05-03-2019 12:48pm

Squidgy Black wrote: »

You insist that the dealer doesn't send off the V5C and bring it with you to the VRT centre. Fill out the V5C/4 and they can send that off to the DVLA to notify them the cars being exported. But it's extremely important to make sure you hold on to the V5C itself.

Is this to say that the NCTS will send off the section on your behalf to the DVLA to ensure the car is classified as Exported in the UK?

Squidgy Black · 05-03-2019 12:59pm

Dayton Dazzling Showdown wrote: »

Is this to say that the NCTS will send off the section on your behalf to the DVLA to ensure the car is classified as Exported in the UK?

No, you/the seller send it off. This covers the seller to say the car is no longer in their possession and being used in the UK, as you're the one holding the V5C which hasn't been changed over.

The NCTS won't send it to the DVLA for you.

Paying a dealer in the North for a car

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