How To Pay Abroad For A Big Purchase, Very Big Purchase!!

Discussion in 'Motorhome Chat' started by GWAYGWAY, Jun 12, 2015.

  1. GWAYGWAY

    GWAYGWAY Funster

    Joined:
    Sep 6, 2014
    Messages:
    1,907
    Likes Received:
    1,402
    Location:
    Dover
    If and when, I do go for a brand new motorhome, what is the best and cheapest way to pay in Euros for it. I would prefer to par with a card but the exchange rate only benefits them and costs me. To pay with a suitcase of money is dodgy and illegal with the customs just confiscating it.
    Bank transfer is a robbers charter, once again the wrong way with all the charges and rates in their benefit. Is there a debit method that would give a good rate and safety, with me getting the advantage instead of the bankers??? would pre bought euros put into an account be a method where I buy at the best rate and deposit them in an account to pay at the time of purchase.
    What did the others who bought in Germany do to transfer the money.
     
    • Like Like x 1
  2. yodeli

    yodeli Funster Life Member

    Joined:
    Oct 12, 2008
    Messages:
    4,341
    Likes Received:
    8,087
    Location:
    Balma (next to Toulouse) France
    Well ... I bought mine in Germany but certainly NOT a huge amount of money and Euro is already my money. I have taken all in cash and kept the bank paper saying where it was coming from . I think it's over 10000 euros you have to tell where it comes from ...My van was under that amount.
    I regularly have sore back . I just had a CONSTANT sore back, yep all the way to Germany.. til ..I paid :whistle:
    I don't think you'll have another way but transfer the money via your bank. Even Paypal becomes touchy over 5000 euros... and you sound more like having at least one more zero....


    Amicalement

    Frankie:)
     
  3. DanielFord

    DanielFord Funster

    Joined:
    Jun 1, 2013
    Messages:
    2,216
    Likes Received:
    2,501
    Location:
    Surrey
    Fair FX have a facility called free pay, which is a credit transfer facility with no fees. You may have to break up the transactions into smaller chunks, can't remember what the upper limit is.
     
  4. Glandwr

    Glandwr Funster

    Joined:
    Jul 10, 2014
    Messages:
    618
    Likes Received:
    1,693
    Location:
    the Berwyn Mountains
    The money transfer market has been really opened up recently by the online operators. I'd start with your bank and see what they could offer (remember that you can bargain and negotiate for one offs like that). Banks have been forced to drop their charges considerably.

    Then go online to someone like these people who I have used a few times https://transferwise.com/?utm_sourc...eyword=transferwise&placement=&adposition=1t1 and compare.

    Dick
     
  5. Portland

    Portland Funster

    Joined:
    Oct 31, 2013
    Messages:
    349
    Likes Received:
    490
    Location:
    Cheshire
    I did mine with HiFX no charge and the rate is seen when you do it and its fast. using LLoyds would have cost a lot more and they charge to do the transfer. also their rate was terrible and slow.
     
    • Like Like x 1
  6. vwalan

    vwalan Funster

    Joined:
    Sep 23, 2008
    Messages:
    7,594
    Likes Received:
    3,853
    Location:
    roche cornwall
    if you are taking money into another eu country ,it can be in a tesco carrier bag.
    there is no limit to taking money into another eu country . if going out of eu thats different or coming into eu from anotherr country 10,000pounds is it . well you should declare it .
    mind these days better slip it in two carrier bags they arent as strong as they used to be.
     
    • Like Like x 3
  7. Yorick

    Yorick Funster

    Joined:
    Oct 1, 2013
    Messages:
    3,930
    Likes Received:
    5,700
    Location:
    Lanzarote
    Not in Spain

    http://www.bbc.co.uk/news/world-europe-33057160
     
  8. Judge Mental

    Judge Mental Funster Deceased RIP

    Joined:
    Sep 2, 2009
    Messages:
    6,782
    Likes Received:
    6,034
    Location:
    Sarth London
    Has to be a FSA approved broker that keep your money in a separate account until payment made. Have used many, last in 2014 was EASYFX. Shop around!

    Oh! and make sure you double check site legitmate by checking on FSA site! Phone numbers etc....
     
  9. bjandlin

    bjandlin Funster

    Joined:
    Feb 29, 2012
    Messages:
    172
    Likes Received:
    97
    Location:
    Reading & Surgeres France.
    If you know who you're paying, you could arrange to pay them directly, bank to bank via their IBAN No. Should just need to register their IBAN number with your bank.
    I paid Hymer recently this way.
    Barrie.
     
    • Like Like x 1
  10. JJ

    JJ Funster

    Joined:
    May 1, 2008
    Messages:
    14,566
    Likes Received:
    25,752
    Location:
    Quinta Majay, Pinheiro Bordalo, Portugal
    I suggest you check out Currencyfair.com


    I use them all the time to exchange, and then transfer, pounds into euros. Flat €3 charge per transaction.

    JJ :cool:
     
  11. vwalan

    vwalan Funster

    Joined:
    Sep 23, 2008
    Messages:
    7,594
    Likes Received:
    3,853
    Location:
    roche cornwall
    • Like Like x 2
  12. sallylillian

    sallylillian Funster Life Member

    Joined:
    Oct 29, 2011
    Messages:
    782
    Likes Received:
    498
    Location:
    Falmouth, Cornwall
    Just bought my new Flair with HiFX. Once account is set up you can do everything on-line.
     
  13. cruiser

    cruiser Funster Life Member

    Joined:
    Sep 12, 2012
    Messages:
    2,930
    Likes Received:
    2,816
    Location:
    northampton
    if I only had that amount of cash. oh well.
     
    • Like Like x 2
  14. Fenman

    Fenman Funster

    Joined:
    Jul 29, 2014
    Messages:
    627
    Likes Received:
    1,025
    Location:
    Correze, France
    We have a French bank account but we use Skrill, used to be called Moneycorp, to transfer money. I transfer pounds from my Lloyds account into my Skrill one and then transfer it to French bank.

    Skrill only charge less than £3 for transfer no matter whether it is £50 or £50,000. They give a good exchange rate of about 2 or 3 cents below the publicised bank rate - much better than tourist rate.

    Takes a couple of days to arrive in France.

    I am pretty sure you could open an account with Skrill and use them to tansfer straight into the dealer's bank.

    Worth going onto their site to explore. https://www.skrill.com/en/home/

    I have used them for 13 or 14 years with no problem. Though they probably ask a whole lot more questions these days due to money laundering regs.
     
  15. Yorick

    Yorick Funster

    Joined:
    Oct 1, 2013
    Messages:
    3,930
    Likes Received:
    5,700
    Location:
    Lanzarote
    [​IMG]
     
    • Like Like x 2
  16. Jonkil

    Jonkil Funster

    Joined:
    Dec 27, 2014
    Messages:
    964
    Likes Received:
    3,174
    Location:
    Ireland / London
    Correct,
    Took almost 50K in used notes to Germany on Tuesday, all declared and bank papers to prove its existance plus a declaration to customs before arrival in Germany.
    Vendor was paid in part for the purchase in cash, it's up to them to make the appropriate declaration to the authorities.
    High value euro notes (€200/€500) is the way to go if taking cash.
     
    • Like Like x 2
  17. vwalan

    vwalan Funster

    Joined:
    Sep 23, 2008
    Messages:
    7,594
    Likes Received:
    3,853
    Location:
    roche cornwall
    i used to be bringing cars and campers in all the time . cash always gets a better deal.
    always has always will.
    mind i dont do it now . but houses have been bought with carrier bags full . one of my mates used to sell houses in france to brits . amazing how many pay by the bag.
    think at times his house had more cash in it than a bank.
    just a note of info though in spain away from the tourist areas it can be hard to exchange sterling . it seems now the eu uses the euro many banks prefer electric exchanges as they dont have to send the sterling back to uk then . noticed it starting a couple of years ago but last winter several got turned away from banks . ok in benidorm ,malaga type places but quiet inland banks just refused.
     
  18. jonandshell

    jonandshell Funster

    Joined:
    Dec 12, 2010
    Messages:
    5,261
    Likes Received:
    7,884
    Location:
    West Norfolk
    Will your credit card company allow you to be in credit for a short period with the purchase in mind?

    Credit card companies usually flag up credit balances and refund them, but it might be possible under arrangement.
     
  19. Barclaybasher

    Barclaybasher Funster

    Joined:
    Apr 13, 2012
    Messages:
    2,449
    Likes Received:
    7,116
    Location:
    Derby

    I would be very happy to transport your cash (old notes please)........ meet in the car park, Watford Gap Services... will be in the rusty white Transit van...receipt given
    (y)



    :whistle:
     
    • Like Like x 3
  20. gus-lopez

    gus-lopez Funster

    Joined:
    Aug 18, 2014
    Messages:
    4,405
    Likes Received:
    8,076
    Location:
    Lorca,Murcia,Spain
    Trouble is the amount might be when " leaving the EU" but certainly the Spanish were interpreting it as between EU states & 10k with a declaration on leaving & no paperwork.
    The UK old bill consider anyone carrying £1k a drug dealer even though it is perfectly legal. In Spain you can be in possession of 100k €'s without a problem.

    What you have to remember is that in the EU cash isn't just cash:( , It includes promissory notes , cheques , etc. A myriad of things that aren't actually " cash "

    http://ec.europa.eu/taxation_custom...controls/declaration_form/article_6140_en.htm
     
Loading...

Share This Page