Buy Car w/CC?

[TitaniumCash]

I manage to put $2,000 in down payment using CC. The limit is $5,000 for most dealerships.

[Anonymous]

---

@Anonymous wrote:

---

@stagefoursurvivor wrote:

A new Altima for $8K? Where did you bury the body?

---

Acid bath.

---

LOL.  No, $12k in trade-in.

Chris.

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

@stagefoursurvivor wrote:

A new Altima for $8K? Where did you bury the body?

---

Acid bath.

---

LOL.  No, $12k in trade-in.

Chris.

---

Ah, so it was YOU that took the acid bath.

[OffToBetterStart]

---

@stagefoursurvivor wrote:

Anyone ever use a CC to buy a car or make a large down payment? I was thinking about ways to take advantage of 0% APRs...

---

       I just did this with two cards and got my spend bonus .  Some car lots charge 3% fee so ask them first . I was lucky and found one that didnt charge the fee.

[Anonymous]

I agree with someof the other responders.  If they are letting you pay ANY part witha a card you did not bargain hard enough.

[Anonymous]

Question. So if the maximum most dealerships allow you to pay with a cc is 5k say I find a local dealer with a used car I'd like thats about $4500. As long as this dealership accepts cc payments and all I basically need is an A to B car is there any reason to go through financing and monthly payments for a newer, more expensive car when I could use a 0% APR card and pay this off in chunks over a few months? New car smell is nice its just not necessary in my situation. Not sure if dealerships only accept down payments with a cc or if you can buy a used car outright with a cc.

[CreditCuriosity]

---

@Anonymous wrote:

Question. So if the maximum most dealerships allow you to pay with a cc is 5k say I find a local dealer with a used car I'd like thats about $4500. As long as this dealership accepts cc payments and all I basically need is an A to B car is there any reason to go through financing and monthly payments for a newer, more expensive car when I could use a 0% APR card and pay this off in chunks over a few months? New car smell is nice its just not necessary in my situation. Not sure if dealerships only accept down payments with a cc or if you can buy a used car outright with a cc.

---

Sure you can buy it with a CC, but they will pass the "savings" onto you or lack there of.. Either they will not make as good of a deal I suspect or get a good deal and charge you 3% swipe fee...They sure aren't going to eat the fees.  You realize you are talking about car sale people right? ..  Comission and more comission!

[Anonymous]

In theory...Yes.

You could also use a convenience check.

[Anonymous]

---

@CreditCuriousity wrote:

---

---

Sure you can buy it with a CC, but they will pass the "savings" onto you or lack there of.. Either they will not make as good of a deal I suspect or get a good deal and charge you 3% swipe fee...They sure aren't going to eat the fees.  You realize you are talking about car sale people right? ..  Comission and more comission!

---

So its either spend a lot over time making payments, likely with interest, or purchase a used car and eat the 3% swipe fee after I negotiate them down to whatever I see fit or walk away bc I'm not paying any advertised prices  Fair enough. Something to think about.

[KellyP25721]

I put the down payment ($3K) for my recent car purchase on my credit card.  Last year I purchased the extended warranty for my bike ($1.5K) on my credit card.  Figured why not get the points.  In both cases, I paid them off as soon as the transactions posted on my account.