No idea mate why he want’s it early. Did you ask why it can’t all be sorted Monday?
They must do the payment by Bank Transfer Mike. It takes 4 or 5 days to process. They only do Max £250 by debit card and £400 (or somethjng like that, cant remember the figures) by credit card. Now, there will be a few comments on this process, they are futile. If you show up and think you can pay the 845 and drive away the same day…its not gonna happen. Only when the funds are cleared by the garage head office and approved, only then is the car released. Its the new way of paying the AP. Its really a case of like it or lump it. My last car in 2020, I paid 1600 by debit card. But its all different today. It will probably change again in a few years as well.
What a load of tosh ?
Credit and Debit cards operate on a basis of “cleared funds”up to the value in your account and payment authorised immediately by the bank and are paid to the merchant when they request it.
Most dealers will except debit card payment up to £10,000 and a similar amount for credit cards however, they reserve a right to charge a fee if using a credit card.
Some dealers base payment methods on the amount owed after part exchange hase been taken into account and could request a banktransfer if the difference is over £25,000. Lexus for example states that if the amount owed after px is above 26,000, then bank transfer must be used.
Dealers can accept cash but, only High value dealers who register with the Money laundering supervision, can accept or make high value cash payments over £8,700.
FWIW I paid the £2,100 AP with £20 notes however I did clear it with the dealer long before collection day!
Mone of matters because, the dealer wouldn’t be telling Mike to pop around tomorrow to make a bank transfer infront of them would they! Most likely its to cut the time down on collection day.