Anyone payoff a car loan using a credit card?

[mitchblue]

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@CreditCuriousity wrote:

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@taxi818 wrote:

You would be fine. it really does not matter what you pay with your Amex. but i think the big issue would be if the bank that is the lender for your car. will actually take a credit card for payment. as far as amex. no issue what so ever. as long as you pay your bill.

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I would absolutely love if my car payment of 900$ a month could go on a credit card, but most lenders won't take that a payment method.. Unless I am missing how to do this?

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$900 a month for a car? That's more than my mortgage..damn.

[Anonymous]

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@mitchblue wrote:

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@CreditCuriousity wrote:

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@taxi818 wrote:

You would be fine. it really does not matter what you pay with your Amex. but i think the big issue would be if the bank that is the lender for your car. will actually take a credit card for payment. as far as amex. no issue what so ever. as long as you pay your bill.

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I would absolutely love if my car payment of 900$ a month could go on a credit card, but most lenders won't take that a payment method.. Unless I am missing how to do this?

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$900 a month for a car? That's more than my mortgage..damn.

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Maybe they're on a 36 month plan, Lol.

[taxi818]

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@Anonymous wrote:

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@mitchblue wrote:

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@CreditCuriousity wrote:

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@taxi818 wrote:

You would be fine. it really does not matter what you pay with your Amex. but i think the big issue would be if the bank that is the lender for your car. will actually take a credit card for payment. as far as amex. no issue what so ever. as long as you pay your bill.

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I would absolutely love if my car payment of 900$ a month could go on a credit card, but most lenders won't take that a payment method.. Unless I am missing how to do this?

---

$900 a month for a car? That's more than my mortgage..damn.

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Maybe they're on a 36 month plan, Lol.

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Eyeballing a 2012 s550. It would be 936 at 36 months. Plus 3500 down. So that's not bad. 

[mitchblue]

I'll be needing a new car sometime in '15 but I'm not sure now.. My current car, new 2007, was only $350. I think car prices have blew past my budget.

[StartingOver10]

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@mitchblue wrote:

I'll be needing a new car sometime in '15 but I'm not sure now.. My current car, new 2007, was only $350. I think car prices have blew past my budget.

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Mine too! Not that I can't afford that payment - I just can't stand making those type of payments on a depreciating asset!  Everytime I think of those kind of payments I also think - well, could get a little investment property and have it produce income instead.  Must be a mindset...

[taxi818]

350 more than enough for new car. I'm talking high end Benz. That's 900 plus. 

[CreditCuriosity]

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@Anonymous wrote:

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@mitchblue wrote:

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@CreditCuriousity wrote:

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@taxi818 wrote:

You would be fine. it really does not matter what you pay with your Amex. but i think the big issue would be if the bank that is the lender for your car. will actually take a credit card for payment. as far as amex. no issue what so ever. as long as you pay your bill.

---

I would absolutely love if my car payment of 900$ a month could go on a credit card, but most lenders won't take that a payment method.. Unless I am missing how to do this?

---

$900 a month for a car? That's more than my mortgage..damn.

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Maybe they're on a 36 month plan, Lol.

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@Nah a 50k car... 6 year loan at meh interest rate... going to refi or buy a new car this year...  I am single, no kids (well a dog) and make over 100k... So that is my justification.  Leasing a place @1k a month as well.. So not to bad

[taxi818]

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@StartingOver10 wrote:

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@mitchblue wrote:

I'll be needing a new car sometime in '15 but I'm not sure now.. My current car, new 2007, was only $350. I think car prices have blew past my budget.

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Mine too! Not that I can't afford that payment - I just can't stand making those type of payments on a depreciating asset!  Everytime I think of those kind of payments I also think - well, could get a little investment property and have it produce income instead.  Must be a mindset...

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See. I don't look at car as asset. It's really a liability. Unless you are making money with it. 

[CreditCuriosity]

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@taxi818 wrote:

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@StartingOver10 wrote:

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@mitchblue wrote:

I'll be needing a new car sometime in '15 but I'm not sure now.. My current car, new 2007, was only $350. I think car prices have blew past my budget.

---

Mine too! Not that I can't afford that payment - I just can't stand making those type of payments on a depreciating asset!  Everytime I think of those kind of payments I also think - well, could get a little investment property and have it produce income instead.  Must be a mindset...

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See. I don't look at car as asset. It's really a liability. Unless you are making money with it. 

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+1 cars are a complete liability