Credit Card to buy a car?
11-05-2008 | 11:12 AM
#32
Apparently one that really wanted to sell me a car! 
I bought the car out of town, so I was willing to drive a hard bargain without fear of pi$$ing off the dealership (I knew I wasn't going back anytime soon). I negotiated the price based on paying cash, then said I wanted to put it on a credit card or else I wasn't going to buy the car. Honestly, I wasn't planning on buying the car anyway, so I was more than willing to walk away. I guess they believed me, because they let me do it!!
I bought the car out of town, so I was willing to drive a hard bargain without fear of pi$$ing off the dealership (I knew I wasn't going back anytime soon). I negotiated the price based on paying cash, then said I wanted to put it on a credit card or else I wasn't going to buy the car. Honestly, I wasn't planning on buying the car anyway, so I was more than willing to walk away. I guess they believed me, because they let me do it!!
11-05-2008 | 01:08 PM
#33
Registered User
iTrader: (2)
Joined: Oct 2007
Posts: 2,335
Likes: 1
From: Metro Detroit, MI [Sterling Hts.]
Well fellas, contrary to popular opinion on this thread, you can pay for the total value of the car on a credit card. A friend of mine bought a $40K 3-series on a Mastercard, and I put all $35K on a Visa when I bought my G37. I had the cash, and I was going to write a check, but I really wanted the points on my credit card. I had to call my credit card company, go through some red-tape to allow such a large transaction, and the dealership had to verify the transaction with the credit card company. It took a few phone calls and a little extra time, but in the end it went through. I paid off the card at the end of the month, so the interest rate didn't matter to me (I honestly don't even know what my interest rate is on my card; never carried a balance).
Anyway, just FYI, it can be done. You just need to have an awesome relationship, and be in good standing, with your credit card company and work with a very understanding dealership.
Anyway, just FYI, it can be done. You just need to have an awesome relationship, and be in good standing, with your credit card company and work with a very understanding dealership.
11-05-2008 | 06:42 PM
#37
Registered User
Joined: May 2008
Posts: 297
Likes: 0
From: Southern California
Not all dealerships will let you. The last 5 dealers I've leased from allow a max of no more than $3000. I have heard of others who have paid their cars in full with their CC. Times like this, it's nice to have an American Express card.
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