Yeah sod paying until its delivered apart from a deposit. Does work both ways though, what if the dealer thinks the OP is a bad payer or has a history of bad debts and wants the money before he lets it go. Heard a few firms have been caught by people taking delivery of kit and then bringing it back after the works done saying they have changed there mind. Nothing leaves the yards until the finance or money has been signed for or paid for now ive heard.
When would you expect to pay for a new piece of machinery?
- Thread starter Blue.
- Start date
so 28 days later like all out grain is ?
- Location
- Scottish Highlands
matthew
Member
- Location
- Cornwall, SW England
We've just bought a s/h small JCB digger. It was invoiced July 31st so that I could reclaim VAT before I pay for it.
It's working now, and I'm just doing the VAT for July
Then I'll pay the dealer. A very good company to deal with.
As said by many, against my religion to hand out more cash than a deposit, until the machine is in the yard. If you have to, in order to secure it, then protect yourself with finance or a credit card.
It's working now, and I'm just doing the VAT for July
Then I'll pay the dealer. A very good company to deal with.As said by many, against my religion to hand out more cash than a deposit, until the machine is in the yard. If you have to, in order to secure it, then protect yourself with finance or a credit card.
icanshootwell
Member
- Location
- Ross-on-wye
About 2 or 3 weeks after it's been on the farm, if they don't like that then don't deal with them. It's called waiting in line for payment, same when I sell cattle lambs and wheat. I have to wait for the purchaser to pay me... I must be lucky with the dealership s around me, none would expect money up front. I would never do it.
- Location
- Durham, UK
Iv just paid for a powerharrow before delivery (iv stuck it on finance for a couple of years to cover myself).
Iv never even seen it but i know the spec and the firm is very very well established.
Iv never even seen it but i know the spec and the firm is very very well established.
- Location
- Durham, UK
H200GT
Member
- Location
- NORTH WALES
Surely the dealer could finance the equipment himself if he hadn't to he cash to pay for it?
Only fair way in my opinion is, deposit on order, then paid in full on day or day before delivery once PDI complete.
Only fair way in my opinion is, deposit on order, then paid in full on day or day before delivery once PDI complete.
Im confused. Was it not redrock that went bust and then your man started up newrock?
30 days after the invoice . Invoiced after delivery
- Location
- Co antrim
.
So what would your terms be?
Importer passed my enquiry on to this dealer as they’re the nearest to me.
Dealer is 60miles away,I’ve agreed it to be delivered to my yard.
It’s just over £30k,my credit card limit isn’t high enough,I don’t want it on finance,never had a piece of machinery on finance I doubt I ever will.
Fair enough, but you can see why some do buy with Finance as an Insurance. I have found it beneficial on 2 occasions now when a machine was not fit for purpose, and the Dealer was playing silly buggers. The finance company waving a big stick worked wonders!
In both cases, I could have paid cash, and ever so grateful I didn't!!
we have 2 woottons here , 1 is 35 years old the other 36,
Exfarmer
Member
- Location
- Bury St Edmunds
You can precharge your credit card to cover it
- Location
- Scottish Highlands
Section 75 protection doesn't apply for goods over £30k. It does apply to sole traders and partnerships though, but not to companies.
Exfarmer
Member
- Location
- Bury St Edmunds
Yes but just paying a deposit on a personal credit card gives protection. I suspect that if the trader is suspect that the card payment may be declined
- Location
- Scottish Highlands
No, paying a deposit wouldn't give any protection on an item of >£30k value.