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How to pay for importing a automobile from the UK?

Hey guys, I am thinking of importing a automobile 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?

Filed under importing - Asked by Aden Mc (Laois) - Wed, 09 Nov 2016 10:16

Neil Briscoe Answered by: - Neil Briscoe - changagoidem Advisor - @neilmbriscoe


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. 

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