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No, no more buying used cars from private citizens. Got you. Sure, you could do this by the bank, wait for a few days, then constantly wonder if it arrived, an
by DocTomoe 4y ago
No, no more buying used cars from private citizens. Got you.
Sure, you could do this by the bank, wait for a few days, then constantly wonder if it arrived, and/or if the car seller is scamming you, while the (honest) car seller wonders the same thing, facing a third potential buyer who brings cash. Or you can just, you know, become a criminal and decide to ignore that particular law.
- krab 4y agoI actually prefer to buy and sell used cars with wire transfer. Within EU, they're usually instantaneous within a country and overnight internationally. I don't have to worry about carrying larger amount of money - when I was purchasing my first motorcycle, it was literally almost everything I had at the time. If something goes wrong and I got scammed, the money can be tracked a little bit better than with cash. EDIT: And in this case, there seems to be an exception specifically for cars.
- em500 4y agoOr you could implement a system like in our country where national wire transfers arrive in seconds without any fees.
- EVa5I7bHFq9mnYK 4y agoI recently sent a US national wire transfer (known as ACH) from my bank account to my account in another bank. Took two weeks.
- tzs 4y ago> No, no more buying used cars from private citizens. Got you. There is no change when it comes to buying cars. The limit before this change was NIS 50000 for payments between private individuals. That limit is dropping to NIS 15000, but there is an exception keeping it at NIS 50000 for car purchases.