How do I get paid?
How do I get paid?
- You can opt for an immediate ELECTRONIC BANK TRANSFER (EFT).
- The bank charge €45 for this, this is passed onto the seller
- For ease, this can be deducted from the payment transferred. You can select this option on the next page.
- Where requested, we can also pay by cheque
- Yes, no problem
- When you are accepting the offer, add your IBAN and we will make the payment to that account
- The payment is made when the inspector signs off the car
- No problem, our account team would be more than happy to call you and discount
- To put your mind at rest, our system is secure and can only be accessed by our accounts team
- Your IBAN is also an address for money in and not out, a person would need your bank card, pin and photo ID to withdraw money from your account.
- The transfer is done immediately when out inspector is there
- The inspector signs off the car, does the paperwork and instructs accounts to make the payment
- If you have an AIB Bank account, its instant
- Bank of Ireland quote “instant” but are slightly slower
- Ulster, KBC and TSB do not guarantee instant payment at all and in most cases, these are 24 hours
- You are always provided with a transfer receipt when the transfer is done
- Feel free to use a spouse or family members account where the transfer time is quicker.
- Its paid in the same way as getting it directly
- If there is €10,000 owed to a finance company & €5,000 to the seller, both payments are auctioned at the same time
- Car finance stays with the car
- All cars on finance are registered with HPI (this is a bank charge on the car)
- We cannot change the ownership over to the new owner until the bank release this charge
- The car must be clear on HPI for the new owner to take ownership
- Unfortunately that isn’t possible
- We have a duty of care to the buyer whose money we are in charge of
- We need to know the finance is paid so we make the payment directly
- Our accounts team then lies with the finance company to ensure the HPI charge is released
- No I’m afraid not, it’s not practical for us to pay in cash
- We are picking up 6-8 cars a day so it’s not safe for our drives to carry cash either
- We also need a record of each sale for both the buyer and the seller
- Get one, we don’t live in the stone age
- We prefer not to pay into non-Irish banks as it causes delays in our process
- Ideally, if you give us your Irish bank account details and then you can transfer the money on yourself
- This is safer and easier for the seller
- We can try facilitating wherever possible
- Ideally, if you give us your Irish bank account details and then you can transfer the money on yourself
- This is safer and easier for the seller
- In some cases yes but we would need to understand the relationship between the bank account and the registered owner
- Where a person is deceased, that’s no problem
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FAQs
- Getting Started
- What we can & can’t get offers on
- Offers & what to do
- Accept Offer
- Inspection & Collection
- How do I get paid?
- Change of ownership / Log book
- Why do you charge a fee?
- Our service
- Retail vs. Private vs. Auction sale prices
You have a question?
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