5.0ALM
Well-Known Member
- Joined
- Oct 31, 2022
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- 83
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- Location
- Brisbane, Australia
- Vehicle(s)
- 2016 RAV4 Cruiser, 2024.50 Mustang GT Fastback
This is highjacking somebody else's thread, but...Hi all,
My pickup day is locked in for next Thursday.
They're asking for transfer of the balance to them before then.
Is it normal to pay the full balance sight unseen?
(Sorry for the n00b question, but I've never done this sort of stuff before)
On hand over day, I went in with a bank cheque for the balance.
CBA bank cheque was $30!
They settle the financials first, at which point it becomes yours, then the big reveal for photo/video purposes. And then the in-car session teaching you about this and that. You drive off with a big smile on your face.
The other option was to do an electronic transfer, but you'd need to do this a business day (or two, or three) before hand over. The dealer's financial controller will need to confirm receipt of funds at their end before releasing the vehicle. They won't be looking at anything you walk in with, they'll be referring to their own records! ie; it's not hard to Photoshop a dodgy "invoice".
Clearance times will vary from one financial institution to another.
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