When it comes to paying for a high-priced item such as a motorcar it is essential that the payment method meets the highest standards of security, efficiency and safety.  Global Cars accept numerous payment options.  We provide a brief outline of each one and their respective strengths and weaknesses.

PAYPAL

One of the most popular online payment systems in the world Paypal may not be the first option to come to mind when paying for a prestigious vehicle but it provides buyers with in-built safety features when buying.  These include, but are not limited to, goods not being received, goods which are damaged and goods which do not meet the description which are applied to them. At the time of writing £100,000 can be transferred via their system which means it will meet the needs of the vast majority of car buyers. 

Paypal is highly convenient, fast and charges relatively low fees. 

BANK TRANSFER

Bank transfers are cheap, efficient and have the banking system as an intermediary in the transaction.  Banks are also totally independent of their customers and operate with impartiality when conducting business.  Although the system can be slower than online payments, customers are safe in the knowledge that the integrity of the banking system is at their disposal should any problems occur. 

LETTERS OF CREDIT

Letters of credit have become synonymous with international trade since its inception. Letters of credit are issued by the importer’s bank but are only payable if the seller meets all of its strict conditions and deadlines. This internationally recognised standard has numerous advantages to buyers and sellers.  For example, assume a buyer in Asia wishes to import a car from an exporter (XYZ Cars) in the United Kingdom. The buyer in Asia may be concerned about the integrity of XYZ Cars.  If he advances all the money how can he be sure he will get the goods he ordered and within the timeframe specified?  A letter of credit can be drafted by the bank to enable the buyer in Asia to pay an initial deposit of, say, 10% and the balance when the vehicle reaches the port of destination or other contingency.   This prevents the buyer in Asia depositing a large sum which they are concerned may be at risk. If all the conditions are met the bank MUST PAY the amount stipulated in the letter of credit.  Should you wish to pay by a documentary credit they are available on the advice of your bank. 

GLOBAL CARS QUOTATION

Our quotation for your new car includes:

• The full price of the car
• Marine transportation
• Insurance coverage
• Accompanying documentation and other associated costs

Please note there are no hidden costs that present themselves.  Our fee is final.