2006-11-03 02:48:31 · 10 answers · asked by mniks26 1 in Cars & Transportation ➔ Buying & Selling
It is up to the dealer just like everyone else says. The credit card companies Charge the merchant a 3% processing fee. People come in all the time who normally would pay cash but want the airline miles. Well a 40K Suv @3% is $1200 the dealer would be charged against the deal. It is not worth it. Ask your credit card company for a check to write against your credit card. Dealers will accept those usually
2006-11-03 04:14:14 · answer #1 · answered by typhon1991 3 · 0⤊ 0⤋
Most used car dealers will let you charge the entire cost of the car on your credit card. But most new car dealers will not. Mainly it's because they must pay a 3% fee to the credit card company which can eat up their already thin profit.
They usually only allow up to $5000.
It makes sense charging to credit card if you have lower rate, get cashback, gift points, or airline miles, etc.
2006-11-03 03:41:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Typically no. Companies that accept credit card payments are charged a fee, usually 1.5%-3%, and it is against the credit card agreement to add this to the price. Some may let you charge up to $10,000 on a card but you can't pay for the rest that way.
Good way to earn mileage points if you a) plan to pay off the charge right away and b) they will let you do it!
2006-11-03 03:40:44 · answer #3 · answered by Some Guy 1 · 0⤊ 0⤋
In theory yes , but from a practical standpoint most dealerships will limit the amount you can charge towards a car. In America it is usually, between $1000 to $5000 dollars.
The main reason you don't want to do this is because most cards will charge you an lot of intrest payments, much more than a car loan.
2006-11-03 03:29:21 · answer #4 · answered by onelonevoice 5 · 0⤊ 0⤋
Sure you can, if you have enough credit line, but why would you want to pay credit card rates for a big-ticket item?????
Go the the bank or at least check out the dealer finance deal. Either would have to beat credit card rates.
2006-11-03 03:31:32 · answer #5 · answered by credo quia est absurdum 7 · 0⤊ 0⤋
Yes, as long as you have plenty of credit on the card to cover it.
The plus to it is that you get title in hand, where if you had a regular loan, it would go to the bank till you pay it off... Would also have to look out for the interest rate...
2006-11-03 07:05:16 · answer #6 · answered by Low Budget Customs 2 · 0⤊ 0⤋
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RE :Can you buy a car with a credit card?
Follow 11 answers
2016-11-13 20:36:11 · answer #7 · answered by ? 6 · 0⤊ 0⤋
yes but some dealers might charge addition 3% cuz that is what some credit cards company charge to dealer or any store.
2006-11-03 03:30:29 · answer #8 · answered by sleepydo 5 · 0⤊ 0⤋
Yes if you have a high line of credit...
2006-11-03 04:58:18 · answer #9 · answered by mommy2savannah51405 6 · 0⤊ 0⤋
Yes you can if your limit is high enough, but why would you want to? Interest rates are to high.
2006-11-03 05:40:01 · answer #10 · answered by tom_nearhood 3 · 0⤊ 0⤋