Quote:
Originally Posted by lenniel
I've done a lot of research on the topic and it seems like most dealers will allow a max of $2-5K on a CC then the rest is cash/financed. The assumption is that the dealer doesn't want to pay the 1-3% merchant fees to the CC company for a $20-40K transaction which will eat aware at their margin.
Any thoughts?
Anyone used a CC to purchase their car?
Is it strictly dealer dependent?
|
I've done this quite a few times, but only on older cheaper cars that I was going to fix and resell. Never a big purchase.
I use credit card account courtesy checks to deposit into my checking account, so I don't encounter the transfer fee. I get free flight points, and .99% interest.
If it's done right, it can be better than cash.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
