03-12-2013, 10:53 AM | #1 |
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Down payment/deposit with credit card?
Is there anywhere I can find a list of dealers that take a significant portion of a down payment/deposit of a car in the form of a credit card?
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03-12-2013, 12:17 PM | #4 |
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Unless you have some type of cards that have 0% interest, or you're planning on paying it off really really quick, I don't think it will a wise idea. Just my 2 cent.
Update: My dealer said his dealership won't put more than $3000 on a credit card |
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03-12-2013, 12:20 PM | #5 |
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I used American express for my deposit of 2500. Keep in mind if you're not paying that amount off right away, you're looking at some hefty interest.
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03-12-2013, 12:29 PM | #6 |
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Most will accept a smaller deposit paid by credit card, but not a larger amount as a down payment. This is because of the fees associated with accepting a credit card payment, which are a percentage of the amount.
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03-12-2013, 02:51 PM | #7 |
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$3500
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03-12-2013, 03:30 PM | #8 |
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I always try this after I negotiate the best deal, then try to put as much as possible on the amex card for the points.
Last car I was able to do 5k because i wasnt so aggressive on price, but some dealers wont budge on the 2500 or whatever limit. 5k points is only worth 50 or 100 bucks but every little bit helps. |
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03-12-2013, 04:36 PM | #9 | ||
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Quote:
Quote:
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03-12-2013, 05:06 PM | #10 |
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i put 5K down on the card (that was the limit). 50 bucks cash back
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03-12-2013, 05:21 PM | #11 |
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tell you dealer it's accept the credit card or lose the sale and see what they say.
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