paying for a motorhome

Discussion in 'Motorhome Chat' started by xjrchris, Oct 27, 2015.

  1. xjrchris

    xjrchris Funster

    Joined:
    Apr 17, 2012
    Messages:
    165
    Likes Received:
    85
    Location:
    bath
    Hi we have sold our swift gazelle and in the next couple of weeks we will be buying a newer motorhome, what would be the best way to pay ? It is a substantial amount of money and was wondering how others have paid, it a private sell so not sure if I want to transfer the money before getting the van ,hope someone can help and give me some advice.

    PS have done a HPI check and it all comes back clear .
    thanks chris.
     
  2. Baycott

    Baycott Funster

    Joined:
    Nov 6, 2013
    Messages:
    6,315
    Likes Received:
    10,612
    Location:
    East Sussex
    Can you not take a laptop/iPad with you and do a bank transfer before driving away? That way you will be sure all is OK before parting with your money (y)
     
    • Like Like x 2
  3. funflair

    funflair Funster Life Member

    Joined:
    Dec 11, 2013
    Messages:
    4,493
    Likes Received:
    4,754
    Location:
    Guisborough
    We did bank transfer but there is a limit per day sometimes so you might have to do it over a few days.

    Martin
     
  4. Speve

    Speve Funster

    Joined:
    Jul 29, 2013
    Messages:
    1,975
    Likes Received:
    1,652
    Location:
    Salisbury
    For goodness sake be careful we don't want you loosing anything.
     
  5. Bacchus

    Bacchus Funster

    Joined:
    Jul 27, 2015
    Messages:
    423
    Likes Received:
    4,275
    Location:
    Staines
    I think normal "internet banking" type transfers are still reversible, I wouldn't accept one.

    If you can go into their bank and get the bank to make the transfer, that is then guaranteed.
     
  6. swidy

    swidy Funster

    Joined:
    Apr 3, 2011
    Messages:
    155
    Likes Received:
    317
    Location:
    wakefield
    do not send any money upfront about 2 months after I bought my motorhome, I found it for sale on eBay £10,000 less than I paid for it, it was advertised with the same photo that was on the advert when I bought it so if someone had HPI`d the reg number it would have come up clear, buyer beware, touch it before paying and like Baycott says bank transfer from ipad smart phone etc, that's what I did.
     
  7. Charlie

    Charlie Funster

    Joined:
    May 16, 2015
    Messages:
    2,243
    Likes Received:
    2,602
    Location:
    Herefordshire / Worcestershire borders .
    Money transferred into an account cannot be reversed. Unless criminal activity has taken place . Only the banks can do that and they have to Very certain what they are doing . The OP is looking for the best / safest way to pay not receive money.
     
    • Like Like x 1
  8. Zains Pops

    Zains Pops Funster

    Joined:
    Sep 10, 2013
    Messages:
    718
    Likes Received:
    3,874
    Location:
    Chelmsford Essex
    After viewing the van and agreeing the price, go with the seller to a branch of your bank and instruct them to pay the money to the sellers bank. Best to set it all up first with an appointment at the bank.
    Good luck.
     
    • Like Like x 4
  9. TheBig1

    TheBig1 Funster Life Member

    Joined:
    Nov 27, 2011
    Messages:
    7,224
    Likes Received:
    9,612
    Location:
    Dorset
    go see the van and check it over including ALL the paperwork. check the vehicle VIN in 2 places on the van as well as on the V5 log book. when happy go to the nearest branch of your bank with the seller and do the transfer and him hand everything over. best to pre-warn the bank you will be making the purchase though and how much you intend to transfer the week before

    oh and make sure the address on the log book and other paperwork matches the address you are buying from, or ask to see a current utility bill for confirmation if at a storage facility. all simple things to overlook when very excited about buying a new van
     
    • Like Like x 7
  10. Judge Mental

    Judge Mental Funster Deceased RIP

    Joined:
    Sep 2, 2009
    Messages:
    6,782
    Likes Received:
    6,034
    Location:
    Sarth London
    Just check sellers ID and make sure he lives there (passport and utility bills) HPI means nothing if its a professionally done ringer. Members on here have been done. Absolute caution the name of the game...sorry

    Edit: crossed with above but you get the drift
     
  11. chippy63

    chippy63 Funster

    Joined:
    Aug 19, 2007
    Messages:
    261
    Likes Received:
    149
    Location:
    Birmingham
    Did you sell you van privately and , if so how were you paid ?

    We have just sold ours & were paid via transfer a couple of days before collection, our last van
    we sold privately as well & the same payment procedure.

    Do you not trust the person you are purchasing from to release the van once you have paid??.

    A did sell a van once, guy came with £16,000 in an Asda carrier bag :eek::eek:

    Karl
     
    • Like Like x 2
  12. TheBig1

    TheBig1 Funster Life Member

    Joined:
    Nov 27, 2011
    Messages:
    7,224
    Likes Received:
    9,612
    Location:
    Dorset
    I once went to buy a 2 year old van for my business. checked the reg with HPI etc and all was good. that was until I was looking over the van and spotted the VIN didnt match the log book. I walked away, but did some checks including with the police. it turns out the company that owned it first had sold 2 vans at auction and somehow the plates got swapped over "by accident". yeah pull the other one, its got bells on
     
    • Like Like x 1
  13. TheBig1

    TheBig1 Funster Life Member

    Joined:
    Nov 27, 2011
    Messages:
    7,224
    Likes Received:
    9,612
    Location:
    Dorset
    I often buy vans and caravans for cash, but always have full iD available and am happy to go with the seller to the bank to get it counted and checked. Nothing dodgy about it, but I tend to get a better deal for cash. its a psychology thing and £20,000 in cash looks prettier than a cheque or bankers draft and less hassle
     
    • Like Like x 1
  14. Lenny HB

    Lenny HB Funster

    Joined:
    Oct 18, 2007
    Messages:
    5,254
    Likes Received:
    5,058
    Location:
    West Sussex
    Bank transfer is the easiest , once you are happy everything is Ok you can do it on your phone.
     
  15. Minxy Girl

    Minxy Girl Funster Life Member

    Joined:
    Aug 22, 2007
    Messages:
    8,587
    Likes Received:
    9,971
    Location:
    E Yorks
    Do no pay anything, except a small holding deposit (refundable if problems found) beforehand, until you are completely happy with the vehicle do NOT pay the balance. Once okay and you're satisfied with it after checking the VIN etc as has been suggested above, then, and only then, pay the balance by bank transfer, either in branch, internet, or via phone banking but make sure you've made arrangements for this beforehand otherwise it could be awkward if they refuse to do it there and then! Another option, if you don't want to have the hassle of pre-arranging it with the bank, is to make the transfer of the balance in chunks from different accounts of no more than the daily limit on each of them so they don't get stopped, this again should be done after you're happy with the van. It does mean that you have to have sufficient accounts which are accessible to you to do the transfers from and spread the dosh around them as necessary. My preference would be for the single 'prearranged' bank transfer.

    When we bought a motorhome 250 miles away from a dealer, in order to avoid any problems with the bank, we actually paid the £12,000 balance in cash! It was hilarious when we went to the bank to draw it out (we'd prearranged for it to be there for us) ... the bank manager dealt with us personally and took us into one of the small 'conference' rooms off the main foyer. Once we'd been able to confirm we were who we said we were he toddled off to get the cash ... the way he walked back across the foyer with a large envelope and into the room was a sight to behold ... everyone in there must have known he was carrying a fair bit of dosh from his body language and his scuttling ... you'd think he'd never touched money before ... putting up a sign above him saying "I've got a load of dosh" wouldn't have been any more obvious ... he had us in stitches! It was just like a sketch you'd expect to see on Monty Python!!!
     
    • Like Like x 2
  16. TheBig1

    TheBig1 Funster Life Member

    Joined:
    Nov 27, 2011
    Messages:
    7,224
    Likes Received:
    9,612
    Location:
    Dorset
    just re-read my post and it reads like I am advising the op to do this, but i am not. only pay large sums in cash if you know exactly what you are doing and take security measures to protect yourself.
     
    • Like Like x 2
  17. campa cola

    campa cola Funster

    Joined:
    Oct 5, 2012
    Messages:
    2,802
    Likes Received:
    5,648
    Location:
    Weegeland
    my banks only allow a £20k internet transfer per day, I think some banks are slightly higher but not much. So if the final transfer is more than that you may have to make other arrangements with your bank and theirs.
     
  18. vin.egan

    vin.egan Funster

    Joined:
    Jan 14, 2015
    Messages:
    72
    Likes Received:
    63
    Location:
    Lincolnshire
    Ours was a private sale, as stated before a deposit should be enough to show you are serious, but do not pay in advance.

    after making all the usual expected checks, this is what we did as we were 120miles from home....

    went online (at the sellers home) and tried to transfer the money but there's a 20k daily limit, soooo, went to the nearest local branch of my bank withdrew £20k in cash and transferred the rest, no problem, I had all id with me etc. they (bank) couldn't have been more helpful.

    as an aside I could have done a bank transfer at the branch but that would have incurred a £30 charge, but more importantly is not an immediate transfer, could take up till 5pm to show in the recipients account, no good to me as I wasn`t wanting to wait for 6 hours for the money to clear before I could drive away.

    funny, bloke never even counted the cash! guess I missed an opportunity! (joke)

    btw, if something doesn't smell right, ask the question or walk away.
     
    • Like Like x 1
  19. irnbru

    irnbru Funster Life Member

    Joined:
    Jun 27, 2013
    Messages:
    5,340
    Likes Received:
    9,763
    Location:
    Glasgow
    We paid ours online directly into the sellers bank account. Seller watched us do it and was happy to hand over the keys. :)

    Use a few different accounts if the sum is large.
     
    • Like Like x 1
  20. GeebeeJaybee

    GeebeeJaybee

    Joined:
    May 28, 2015
    Messages:
    293
    Likes Received:
    346
    Location:
    St Helens
    Go with the seller to the bank? Really? I can't remember the last time I actually set foot in a bank.

    Providing you take proper care of your internet security there is no risk with bank transfers.
     
Loading...

Share This Page