Down Payment on Credit Card?

[Gladius]

I want to put a $5k down payment on a credit card.  It will be for a Subaru and I plan on paying it off in a few months (I want to keep my cash reserves where they are at the moment...please don't judge me).  Waiting for the salesperson to get into work this afternoon to sign the papers.  Does anyone have any luck doing this?  I have heard it shouldn't be a problem and it will just cost an extra $100 or so for the "transaction fee".

[Brian_Earl_Spilner]

Most dealers cap at about $3500

[Anonymous]

I would say it varies by dealer. I bought a car two years ago with a $3,000 down payment. They'd only let me put $1,000 on a credit card. But in August I bought a new truck and they let me put the entire $15,000 down payment on a credit card.

[Anonymous]

Just bought one last month with $3,000 on a credit card no problem but totally depends on the dealer.  

[Gladius]

So they only allowed $3k on the CC.  I just paid the difference cash.  Oh well.

[Brian_Earl_Spilner]

The dealers can do more, they just choose not to because of the swipe fees. And, I just noticed they charged you a transaction fee. If you live in one of the 10 states that forbid surcharges on credit card transactions, what they did was illegal.

[Gladius]

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@Brian_Earl_Spilner wrote:

The dealers can do more, they just choose not to because of the swipe fees. And, I just noticed they charged you a transaction fee. If you live in one of the 10 states that forbid surcharges on credit card transactions, what they did was illegal.

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They didn't charge me a fee.