How to pay for importing a car from the UK?
Filed under:
importing
The question
Hey guys, I am thinking of importing a car from the UK. I was just wondering if you have any advice as to the cheapest way of paying for it, i.e. where to get the best conversion rate?
Asked by Aden Mc ·
Expert answer
Hi Aden,
You could be better off asking your accountant or your bank manager about that one. It's true that the recent fall in the value of Sterling has made buying an import far more enticing, but it's still easy to get caught by hidden bank charges and commission rates when converting currencies. We have had very good experience with transferring money through TransferWise, an online company set up by the people who created Skype, but you'll need a pre-existing Sterling account for that.
Answered by Neil Briscoe