What is the safest way to pay for a car?

Nov 22, 2004 25 Replies
J

The Serious Fraud Office is ---> thataway! No, seriously -- if they've taken a deposit from you, and given you a receipt with the details of sale, the deposit amount and total sale price indicated, they're bound by contract. If they then sell the car to someone else, you've got 'em over a barrel.

'Course, if they've gone bust, you're stuffed anyway. If they've just closed, well, you've got options. Nasty ones. From their PoV, that is.

I'd not consider doing the BACS/CHAPS thing with any firm I didn't trust to stay in business and not to screw me over.

Jon

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J

In message , Jon S Green writes

And they've got your dosh.

Not if youve still got the draft in your pocket.

Yes, but they have still got your dosh and you dont need any options if youve still got the draft in your pocket.

So I reckon that excludes all car dealers.

But does it mean that you are happy to pay in advance for most regualr transactions you undertake with businesses you trust? I.e. Tesco, Shell, your local pub, newsagent, M&S, Next, Chip shop etc.,?

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C

Can't you get 100 pound notes any longer?

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E

Only Scottish and Northern Irish banks have issued 100 notes. Bank of England has not. Eric

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T

I believe that in the days of the crisp white fiver they did issue some larger denomination notes, including £100 notes. See

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for details.

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N

The usual practice in Scotland when paying big ticket items with cash seems to be to use 50's

Neb

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