4 ms·

How else would you buy a used car/motorbike from a private party?

by MSFT_Edging 3y ago

Scarblac 3y ago
Bank transfer from my phone. It's as instant as handing over cash.
mdrzn 3y ago
Send it via bank? A quick and free bank transfer which also works out as "receipt" of payment.
- helaoban 3y ago
  What happens when your bank says: "no." ?
  - mdrzn 3y ago
    Why would the bank say no, if I have the funds? And let's not start with some fetish fantasy about "because an oppressive regime could do so any time"
    - Gunnerhead 3y ago
      I love how you describe it a “fetish fantasy”, I’m sure every authoritarian dictatorship or fascist government in history would have been called a fetish fantasy a decade earlier. So naïve. The car is a variable for anything you can think of, but I will give you a hypothetical example with the car then. Imagine in 20 years where owning a gas car is frowned upon, the government introduces a new law that one can no longer purchase gas cars - used or not, maybe this government was even lobbied by some electric car conglomerate. Am I allowed to worry about that or is that a fetish fantasy too?
    - helaoban 3y ago
      Apologies for the bluntness, but this is just extremely naive. The bank, at its discretion or under order by government, can and will prevent the transfer of funds, so it's really just a case of Murphy's law. I don't know why there has to be appeal to "fetish fantasies". Is it so hard for you to imagine a scenario where you or others might unjustly be the target of nefarious actions by public or private parties who would wield the bureaucracy of banking system against you? This isn't a hypothetical, one of things opposing counsel does in a lawsuit involving money is to attempt to freeze or restrict your accounts. You may have never been in a situation where a bank prevents you from moving money, but it happens, and the worldview you are espousing doesn't survive first contact with such a situation. But you don't have to take my word for it. There's a reason the market for gold ingots exists, and it isn't just to guard against inflation.
  - Scarblac 3y ago
    Same as what happens when it turns out you didn't bring enough cash, I guess.
- MSFT_Edging 3y ago
  How fast are bank transfers over there? In the US we have "same day" for small amounts, and a multiple day long clearing for bank to bank personal transfers for larger amounts, ie what you'd pay for a car. Then you'd need a bunch of their banking info. I don't know about your experience, but I'd like to limit the amount of PII I give to the type of folks I buy used vehicles from. With cash, you both go on your way with the title. Its not to say they were criminals, but I also don't have much reason to trust them beyond the transaction. For example, I was helping a friend buy a motorcycle. The seller arrived on the bike, we checked it out, paid, etc. He had a shirt on that said something like "stop domestic abuse". Then when his wife/gf/partner showed up to pick him up, he immediately started throwing verbal abuse at her. The guy was unstable but it wasn't immediately obvious. We already had the bike, the title, and we were on our way.
  - mdrzn 3y ago
    Bank transfer are immediate or next business day. To send you some money I would only need your IBAN[0] which looks like this: GB82 WEST 1234 5698 7654 32 By the way, you're still allowed to use cash for private transactions, so you can still pay whatever amount of cash you want to a private party to buy an item. [0] https://en.wikipedia.org/wiki/International_Bank_Account_Number https://en.wikipedia.org/wiki/International_Bank_Account_Num...
  - gattilorenz 3y ago
    In NL bank transfers are immediate and used everywhere, and the fees for having a bank account are so ridiculously low I don’t even know them anymore, never bothered. The online payment system via bank transfers (iDeal) works so well I’ve heard it’s going to become a european thing, and I’m legit excited about that.
  - qingcharles 3y ago
    Usually instant in Europe.
- ComputerGuru 3y ago
  This concept is so foreign to anyone in the USA where Zelle was only just invented and there was no mechanism for individuals (non-business-entities) to make ACH payments.
- xeromal 3y ago
  That introduces a 3rd party to the transaction.
  - Scarblac 3y ago
    So?
  - mdrzn 3y ago
    Yes, but the third party is the one managing my money, so what's the issue?
  - Ekaros 3y ago
    When you think like that isn't cash also third party? You trust some entity you have never personally audited, to produce some pieces of paper that you are supposed to trust...
yread 3y ago
Paypal, bank transfer, tikkie (in NL), nonmonetary transaction?
- frumper 3y ago
  What do you mean the person I gave my car to for a PayPal payment used a stolen card?!

How else would you buy a used car/motorbike from a private party?

Scarblac 3y ago

Bank transfer from my phone. It's as instant as handing over cash.

mdrzn 3y ago

Send it via bank? A quick and free bank transfer which also works out as "receipt" of payment.

helaoban 3y ago
What happens when your bank says: "no." ?
- mdrzn 3y ago
  Why would the bank say no, if I have the funds? And let's not start with some fetish fantasy about "because an oppressive regime could do so any time"
  - Gunnerhead 3y ago
    I love how you describe it a “fetish fantasy”, I’m sure every authoritarian dictatorship or fascist government in history would have been called a fetish fantasy a decade earlier. So naïve. The car is a variable for anything you can think of, but I will give you a hypothetical example with the car then. Imagine in 20 years where owning a gas car is frowned upon, the government introduces a new law that one can no longer purchase gas cars - used or not, maybe this government was even lobbied by some electric car conglomerate. Am I allowed to worry about that or is that a fetish fantasy too?
  - helaoban 3y ago
    Apologies for the bluntness, but this is just extremely naive. The bank, at its discretion or under order by government, can and will prevent the transfer of funds, so it's really just a case of Murphy's law. I don't know why there has to be appeal to "fetish fantasies". Is it so hard for you to imagine a scenario where you or others might unjustly be the target of nefarious actions by public or private parties who would wield the bureaucracy of banking system against you? This isn't a hypothetical, one of things opposing counsel does in a lawsuit involving money is to attempt to freeze or restrict your accounts. You may have never been in a situation where a bank prevents you from moving money, but it happens, and the worldview you are espousing doesn't survive first contact with such a situation. But you don't have to take my word for it. There's a reason the market for gold ingots exists, and it isn't just to guard against inflation.
- Scarblac 3y ago
  Same as what happens when it turns out you didn't bring enough cash, I guess.
MSFT_Edging 3y ago
How fast are bank transfers over there? In the US we have "same day" for small amounts, and a multiple day long clearing for bank to bank personal transfers for larger amounts, ie what you'd pay for a car. Then you'd need a bunch of their banking info. I don't know about your experience, but I'd like to limit the amount of PII I give to the type of folks I buy used vehicles from. With cash, you both go on your way with the title. Its not to say they were criminals, but I also don't have much reason to trust them beyond the transaction. For example, I was helping a friend buy a motorcycle. The seller arrived on the bike, we checked it out, paid, etc. He had a shirt on that said something like "stop domestic abuse". Then when his wife/gf/partner showed up to pick him up, he immediately started throwing verbal abuse at her. The guy was unstable but it wasn't immediately obvious. We already had the bike, the title, and we were on our way.
- mdrzn 3y ago
  Bank transfer are immediate or next business day. To send you some money I would only need your IBAN[0] which looks like this: GB82 WEST 1234 5698 7654 32 By the way, you're still allowed to use cash for private transactions, so you can still pay whatever amount of cash you want to a private party to buy an item. [0] https://en.wikipedia.org/wiki/International_Bank_Account_Number https://en.wikipedia.org/wiki/International_Bank_Account_Num...
- gattilorenz 3y ago
  In NL bank transfers are immediate and used everywhere, and the fees for having a bank account are so ridiculously low I don’t even know them anymore, never bothered. The online payment system via bank transfers (iDeal) works so well I’ve heard it’s going to become a european thing, and I’m legit excited about that.
- qingcharles 3y ago
  Usually instant in Europe.
ComputerGuru 3y ago
This concept is so foreign to anyone in the USA where Zelle was only just invented and there was no mechanism for individuals (non-business-entities) to make ACH payments.
xeromal 3y ago
That introduces a 3rd party to the transaction.
- Scarblac 3y ago
  So?
- mdrzn 3y ago
  Yes, but the third party is the one managing my money, so what's the issue?
- Ekaros 3y ago
  When you think like that isn't cash also third party? You trust some entity you have never personally audited, to produce some pieces of paper that you are supposed to trust...

yread 3y ago

Paypal, bank transfer, tikkie (in NL), nonmonetary transaction?

frumper 3y ago
What do you mean the person I gave my car to for a PayPal payment used a stolen card?!