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If I wire 200k to buy a car, I want that money to arrive instantly. I certainly do not want to spend hours at some parking lot waiting for the money to arrive,
by prvit 4y ago
If I wire 200k to buy a car, I want that money to arrive instantly. I certainly do not want to spend hours at some parking lot waiting for the money to arrive, I want to sign the papers right there and then and take the car with me.
No fucking way I’m gonna leave some random with both the car and my 200k. So instead of sending a bank transfer, I still have to show up with a big bag of cash in 2022.
The amounts where multi-hour transaction times are consistently acceptable will be significantly higher, 200k is still well within normal everyday p2p transactions.
- hocuspocus 4y ago> 200k is still well within normal everyday p2p transactions. You should probably get out of your bubble. That said, it's a false dichotomy. You can perfectly allow sky-high limits to SCT Inst for customers who regularly need it, yet have more reasonable policies for the 99% of the population who's perfectly OK with a slow transfer when they wire money to a notary public to buy a property.
- JohnJamesRambo 4y agoI’m curious, what cars are you buying for $200k? Do you mean USD?
- newaccount74 4y agoCould be 200k SEK or 200k DKK which would be a believable price for a used car.
- prvit 4y agoI just bought a Mercedes Maybach GLS for 270k EUR.
- matthewdgreen 4y agoAnd why are you showing up with a bag of cash?
- prvit 4y agoThe other option when buying cars from Germany is to wait for the seller to receive your transfer, which could take a while if the seller is with a shitty bank. This leaves the seller with both your money and your car.