You’re happy with the car and the deal suits you, so it’s time to pay. We take you through the different payment options available.
Paying cash means you’ll be able to take the car straight away | |
There are obvious risks with carrying a large sum of money | |
Paying a dealer in cash may put you in a stronger position as they won’t have to pay credit card processing fees |
Carrying a cheque is safe as they can only be paid in by the recipient | |
Dealers won’t necessarily let you take the car until the cheque has cleared in their bank account, meaning you’ll need to arrange collection at a later date |
One of the safest ways to pay is by electronic transfer which moves money directly between bank accounts.
There are several types of electronic transfer process, and not all banks and building societies use them all, so speak to your bank to find out which is the most appropriate.