Re:German banks are hoarding so many euros they need more va...
by rjsw on Monday February 03, 2020 @04:56PM
(#22229652)
You may technically be correct, as the UK is no longer in the EU. You can buy cars with a debit card in the UK, haven't tried using a credit card.
Re:German banks are hoarding so many euros they need more va...
by t0mas88 on Monday February 03, 2020 @06:59PM
(#22230779)
Debit card works fine to buy a car all over Europe and generally everyone here has a debit card. Creditcard usually doesn't work due to the much higher fees (2 to 3% for credit vs 0.2% for debit).
Re:German banks are hoarding so many euros they need more va...
by zodiac on Monday February 03, 2020 @04:11PM
(#22229143)
Is it possible to buy with cash?
Re:German banks are hoarding so many euros they need more va...
by narag on Monday February 03, 2020 @04:30PM
(#22229369)
Not sure about other countries, but in Spain you can't pay anything above three thousand euros (IIRC) in cash.
People downvoting others in disbelief should try to find a source by themselves before.
Re:German banks are hoarding so many euros they need more va...
by martin8412 on Monday February 03, 2020 @05:09PM
(#22229826)
2500 EUR if you live in Spain
https://www.agenciatributaria.es/AEAT.internet/Inicio/_Segme...
Re:German banks are hoarding so many euros they need more va...
by Daniel_sk on Monday February 03, 2020 @04:27PM
(#22229335)
It's probably not possible in most of EU because there is a limit for cash transaction which is I think 15 000 Euro (not sure if EU wide, but definitely here in Slovakia), over that you need to do a bank-wire transfer. All new cars are paid this way - or you purchase it with a loan / lease and don't need to put down this amount of money at once. Most new car dealers don't even have a cash register and would not take such an amount of money from you in cash. This is due to prevent money-laundering.
Re:German banks are hoarding so many euros they need more va...
by freeflight on Monday February 03, 2020 @07:38PM
(#22231069)
Depends on the country and the amount of cash [0]
[0] https://www.europe-consommateurs.eu/fileadmin/user_upload/eu...
It's actually the only possible way to buy a new car.
If you don't believe me, go try and buy a car with a credit card in the EU, see what happens.