4 ms·
What? You go to a car dealer, sign, pay and drive away.
by corford 7y ago
What? You go to a car dealer, sign, pay and drive away.
- kgwgk 7y agoDon’t you need to register the car in the DMV and get an insurance before you can drive away? That’s definitely the case in the parts of Europe I’m familiar with.
- petschge 7y agoGetting insurance can be done online in about 5 minutes and the registration at the DMV equivalent is your problem (as the buyer) afterwards and can be done anytime in the next 2 weeks.
- kgwgk 7y agoI can see that happening for second-hand cars but not for new cars that have to be issued new plates. But maybe things work differently in other countries. “Europe” is not really one place.
- t0mas88 7y agoCar dealers over here are also "DMV deputies" for lack of a better translation. You bring your license, they type some things in their computer, print an ownership document and you get your car. The more permanent (creditcard sized) ownership card thingy will arrive in the mail a few days later. Insurance is indeed mandatory, but you can get it online in 5 minutes. Or by phone. They call it "drive away coverage" that works immediately but requires signing the final policy etc within something like a week.
- Gibbon1 7y agoIn my state the DMV gives you ten days to register a new car. If you have any car insurance at all there is a grace period.
- ryanlol 7y agoThe “pay” part really depends on the value of the car and if you have a big pile of cash handy. Recently instant SEPA transfers have made this easier, but not available between all banks.
- corford 7y agoPrior to SEPA becoming prevalent, I've witnessed it done with an id and credit check together with a decent sized deposit via debit/credit card (~€10K). Balance wired using SWIFT or TARGET2 within 72 hours of driving away. You have to swallow the card processing fees though.