Buying my car

c-hri-s · 01-24-2008, 05:34 AM

A few weeks early, but I want to make sure I've got everything lined up for 1st March.

How did you pay for your BMW (I'm buying it outright, not on finance)? I've an online bank account, so I can't walk into a branch and get a bankers draft or building society cheque, which I assume would be preferred.

I bought my current car on my debit card .. this okay for BMW too?

- Paul - · 01-24-2008, 05:36 AM

Can't see why not

mjh93sa · 01-24-2008, 05:41 AM

When I went in to pick mine up the finance guy came rushing over with the card machine (though I had a BS cheque for him) so I don't see why not.

nagge · 01-24-2008, 05:42 AM

Paid with my VISA

COLSEN · 01-24-2008, 05:42 AM

I bought mine outright too, I just I paid on my switch card, they didn't accept Amex so I didn't get all my points dammit

c-hri-s · 01-24-2008, 05:42 AM

Cool, thanks. I'll check with the dealer, naturally - just wanted to make sure there wasn't anything I needed to set in motion (like opening a new bank account that I *can* get a building society cheque from!)

threethirty · 01-24-2008, 05:53 AM

Did mine by bank transfer.

creepy coupe · 01-24-2008, 06:00 AM

Quote:

Originally Posted by dodgy

A few weeks early, but I want to make sure I've got everything lined up for 1st March.

How did you pay for your BMW (I'm buying it outright, not on finance)? I've an online bank account, so I can't walk into a branch and get a bankers draft or building society cheque, which I assume would be preferred.

I bought my current car on my debit card .. this okay for BMW too?

Most delaers includuing BMW will charge + 2% for credit card, mine asked for a draft, I have paid via switch before, but pre warned the bank beforehand.

Del · 01-24-2008, 06:13 AM

If you're paying by card make sure you know your account passwords etc. As they normally bounce payments of that size and ask you to follow up with a phone call. When this happened to me, I couldn't remember my account password or any recent transactions. It took quite a while for them to verify my identity and authorise the payment.

creepy coupe · 01-24-2008, 06:20 AM

Quote:

Originally Posted by Del

If you're paying by card make sure you know your account passwords etc. As they normally bounce payments of that size and ask you to follow up with a phone call. When this happened to me, I couldn't remember my account password or any recent transactions. It took quite a while for them to verify my identity and authorise the payment.

Good advice, it nearly happend to me when I bought my Golf Gti

BC4J · 01-24-2008, 07:54 AM

Quote:

Originally Posted by Del

If you're paying by card make sure you know your account passwords etc. As they normally bounce payments of that size and ask you to follow up with a phone call. When this happened to me, I couldn't remember my account password or any recent transactions. It took quite a while for them to verify my identity and authorise the payment.

Definitely, get pre-approval from your debit card provider beforehand else they will bounce it.

mgarvey · 01-24-2008, 08:10 AM

I paid by debit card, and messaged my bank beforehand to tell them to expect the large transaction. Went through fine.

c-hri-s · 01-24-2008, 08:15 AM

Oddly I paid for my current car on my debit card and it went through without calling anyone, but it is certainly good advice (have to check if my bank is even open on a Saturday). It was the first time the guy at the dealership had ever seen go straight through. I kept the printout, not often you get a £29k credit card receipt

creepy coupe · 01-24-2008, 08:36 AM

Quote:

Originally Posted by dodgy

Oddly not often you get a £29k credit card receipt

No that's true, make's you realise just how much money it is.

dazzapb · 01-24-2008, 10:04 AM

i paid via barclays debit card, didn't call the bank, £41k when through i was surprised but it brought it home how much i had just spent. I would of probably fainted if I'd seen 41k of cash

jjbirch · 01-24-2008, 11:49 AM

payed my car buy cheaque just a normal one as i have had a few deals with them before, i ask if he wanted it before, but he said no wait till i pick up the car, what a nice bloke

Serjames · 01-24-2008, 11:59 AM

mine were great, put the whole lot on the visa for me and then let me leave it on there for a month before refunding me to avoid the 2% and then I paid on Debit.

Saved me quite a lot of dough !

SJ

AlanQS · 01-24-2008, 12:06 PM

I just gave my dealer a normal cheque. As a dealer once said to me when I gave him a large cheque and he accepted it, I joked about the risk and he said that it was the £100 cheque that bounced not one for Thousands!

BC4J · 01-24-2008, 12:44 PM

Quote:

Originally Posted by dazzapb

i paid via barclays debit card, didn't call the bank, £41k when through i was surprised but it brought it home how much i had just spent. I would of probably fainted if I'd seen 41k of cash

If my bank let through that amount on the debit card w/o question I would be seriously pissed off!

hmi1750 · 01-24-2008, 02:40 PM

park lane dealer would only allow 1,000 on the credit card, the rest was done using using switch/meastro.

Went through with no problems, though I did inform the bank I would have a large withdrawl for a car.

ChrisMWard · 01-24-2008, 02:46 PM

Paid for the 335 with debit card but did ring the bank first to pre warn them and it went straight through. Previous e46 was also bought with the debit card but didn't pre warn the bank so there were phone calls and additional security checks. Paid for the 120 with a BACS transfer.

Regards

Chris

SDRX · 01-24-2008, 03:05 PM

Sytner told me a limit of £3000 is placed on credit cards but you can pay upto that level without additional fees. Like a few others, I paid the full £40k by bank transfer, purely because i dont carry around bank cards these days. To ensure everything runs smoothly, i would get pre-approval for using a debit card.

01-24-2008, 05:34 AM	#1
c-hri-s First Lieutenant 23 Rep 301 Posts Drives: 2012 F10 535d M Sport Join Date: Dec 2007 Location: United Kingdom iTrader: (0)	Buying my car - how did you pay? A few weeks early, but I want to make sure I've got everything lined up for 1st March. How did you pay for your BMW (I'm buying it outright, not on finance)? I've an online bank account, so I can't walk into a branch and get a bankers draft or building society cheque, which I assume would be preferred. I bought my current car on my debit card .. this okay for BMW too?
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01-24-2008, 05:36 AM	#2
- Paul - Major General 789 Rep 7,308 Posts Drives: see above. Join Date: Apr 2005 Location: Yorkshire, UK iTrader: (5) Garage List 2005 320D SE [10.00] 2005 645 [9.00]	Can't see why not __________________ My Photos
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01-24-2008, 05:41 AM	#3
mjh93sa Major General 150 Rep 5,080 Posts Drives: 530d Join Date: Dec 2005 Location: Gloucestershire iTrader: (0) Garage List 2012 BMW M135i [10.00] 2011 Mini Countryma ... [5.50]	When I went in to pick mine up the finance guy came rushing over with the card machine (though I had a BS cheque for him) so I don't see why not. __________________ Gone: Fiesta - Focus - E46 320dSE - E91 330dMSport - E82 135iMSport - R55 JCW Clubman - M135i Now: 530d
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01-24-2008, 05:42 AM	#4
nagge Swedish user 2 Rep 267 Posts Drives: 06' E90 330dA Join Date: Sep 2007 Location: Sweden iTrader: (0)	Paid with my VISA __________________ E90 330dA \| SG \| Remapped \| Blacklines \| Matte black kidney grill \| M3 Steering wheel \| Ümnitza Predator ICE LED Angel eyes \| 18" M5 reps \| ESS Tuning
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01-24-2008, 05:42 AM	#5
COLSEN Second Lieutenant 16 Rep 269 Posts Drives: E92 320i MSport > Merc C220CDI Join Date: Jun 2007 Location: North West England iTrader: (0)	I bought mine outright too, I just I paid on my switch card, they didn't accept Amex so I didn't get all my points dammit __________________ Sweeeeet
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01-24-2008, 05:53 AM	#7
threethirty Second Lieutenant 17 Rep 204 Posts Drives: BMW 330i M Sport Saloon 2006 Join Date: Sep 2007 Location: East Sussex, UK iTrader: (0)	Did mine by bank transfer. __________________ BMW 330i M Sport Saloon - 06 plate - Le Mans Blue
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01-24-2008, 06:13 AM	#9
Del New Member 2 Rep 16 Posts Drives: BMW e90 330i M Sport Join Date: Jan 2008 Location: South iTrader: (0)	If you're paying by card make sure you know your account passwords etc. As they normally bounce payments of that size and ask you to follow up with a phone call. When this happened to me, I couldn't remember my account password or any recent transactions. It took quite a while for them to verify my identity and authorise the payment.
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01-24-2008, 08:10 AM	#12
mgarvey Lieutenant 33 Rep 540 Posts Drives: Renault Megane Join Date: Oct 2006 Location: Reading iTrader: (0)	I paid by debit card, and messaged my bank beforehand to tell them to expect the large transaction. Went through fine.
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01-24-2008, 08:15 AM	#13
c-hri-s First Lieutenant 23 Rep 301 Posts Drives: 2012 F10 535d M Sport Join Date: Dec 2007 Location: United Kingdom iTrader: (0)	Oddly I paid for my current car on my debit card and it went through without calling anyone, but it is certainly good advice (have to check if my bank is even open on a Saturday). It was the first time the guy at the dealership had ever seen go straight through. I kept the printout, not often you get a £29k credit card receipt
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01-24-2008, 10:04 AM	#15
dazzapb Brigadier General 1065 Rep 3,170 Posts Drives: 2019 X3M Comp Join Date: Feb 2006 Location: SW London iTrader: (0)	i paid via barclays debit card, didn't call the bank, £41k when through i was surprised but it brought it home how much i had just spent. I would of probably fainted if I'd seen 41k of cash
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01-24-2008, 11:49 AM	#16
jjbirch Banned 81 Rep 2,927 Posts Drives: E60 530D M SPORT Join Date: Feb 2006 Location: england iTrader: (0) Garage List 2006 320d m sport [0.00]	payed my car buy cheaque just a normal one as i have had a few deals with them before, i ask if he wanted it before, but he said no wait till i pick up the car, what a nice bloke
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01-24-2008, 11:59 AM	#17
Serjames Colonel 134 Rep 2,426 Posts Drives: E93 335i M-sport Join Date: May 2007 Location: Surrey - UK iTrader: (0) Garage List 2007 E93 335i M Spo ... [0.00] 2003 Nissan Primera S [0.00]	mine were great, put the whole lot on the visa for me and then let me leave it on there for a month before refunding me to avoid the 2% and then I paid on Debit. Saved me quite a lot of dough ! SJ __________________
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01-24-2008, 12:06 PM	#18
AlanQS Colonel 250 Rep 2,815 Posts Drives: Jaguar XE P250 HSE Join Date: Jan 2008 Location: Glasgow iTrader: (0) Garage List 2016 430i m-sport G ... [0.00]	I just gave my dealer a normal cheque. As a dealer once said to me when I gave him a large cheque and he accepted it, I joked about the risk and he said that it was the £100 cheque that bounced not one for Thousands!
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01-24-2008, 02:40 PM	#20
hmi1750 Major 25 Rep 1,130 Posts Drives: M135i Join Date: Jun 2007 Location: London, UK iTrader: (0)	park lane dealer would only allow 1,000 on the credit card, the rest was done using using switch/meastro. Went through with no problems, though I did inform the bank I would have a large withdrawl for a car.
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01-24-2008, 02:46 PM	#21
ChrisMWard Captain 15 Rep 686 Posts Drives: E93 320d M Sport, E81 116d SE Join Date: Feb 2007 Location: Epsom UK iTrader: (0) Garage List 2006 120d SE [0.00] 2007 335d A M Sport [0.00] 1998 M3 Evo [0.00] 2002 330d Sport [0.00] 2004 330d Sport [0.00]	Paid for the 335 with debit card but did ring the bank first to pre warn them and it went straight through. Previous e46 was also bought with the debit card but didn't pre warn the bank so there were phone calls and additional security checks. Paid for the 120 with a BACS transfer. Regards Chris __________________ Previously: 2007 335D MSport E90 Le Mans Blue, 2004 330D A Sport Silver Grey, 2002 330D A Sport Saphire Black, 2001 320D SE Touring Titanium Silver, 1998 M3 Evo Techno Violet, 1996 328i Sport Montreal Blue, 1994 325i Coupe Red, 1989 325i Sport 2 door Dolphin Grey,1986 325i SE 4 door Lachs
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01-24-2008, 03:05 PM	#22
SDRX Captain 209 Rep 741 Posts Drives: 540i M Sport 2018 Join Date: Dec 2007 Location: West Midlands UK iTrader: (0)	Sytner told me a limit of £3000 is placed on credit cards but you can pay upto that level without additional fees. Like a few others, I paid the full £40k by bank transfer, purely because i dont carry around bank cards these days. To ensure everything runs smoothly, i would get pre-approval for using a debit card.
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