paying the remaining balance .. need help !

• woodlandsHool

  22 Jul 06, 01:32

  i'm deal to collect my car in a week or so .. but my SE had already call up to ask me to pay the remaining balance , insurance ...etc ... is this the usual practice ?? i thought we will only pay the remaining on the day we collect the car itself >>>??
  
  anyone can enlighten me on this?
  
  first time buyer
• gentlerock

  22 Jul 06, 01:53

  I think its right to pay up a few days before the collection date.
  
  After all, the insurance company will only issue the cert when you pay up - and you need the cert to drive. And the insurance company and car dealer will take a few days to clear the cheque.
  
  I've owned quite a few cars before, new and old. I can't remember clearly, but I think I've always paid up before collecting the car.
  
  Anyway, its only a week, so there's not much difference. If its a reputable company, I think its pretty safe to pay up first.
  
  
• fondue

  23 Jul 06, 01:20

  Originally posted by gentlerock:

  I think its right to pay up a few days before the collection date.
  
  After all, the insurance company will only issue the cert when you pay up - and you need the cert to drive. And the insurance company and car dealer will take a few days to clear the cheque.
  
  I've owned quite a few cars before, new and old. I can't remember clearly, but I think I've always paid up before collecting the car.
  
  Anyway, its only a week, so there's not much difference. If its a reputable company, I think its pretty safe to pay up first.
  
  

  agree.
• Disappointment

  24 Jul 06, 13:23

  Anyway, ask the SE can you issue the cheque directly to the insurance company, if you are afraid that the Company you got the car from is going to cheat your money....
  
  I think that possible.