Do main dealers accept credit cards for buying a car?
Discussion
Mercedes in particular... I'm considering buying but the PCP rate is at 5.9% which means funding a 20k debt for 2 years at a cost of approx £130 of interest a month in real terms.
Considering bunging the whole thing (or at least the balance after my intended cash deposit) on a credit card and transferring balance if I need to at the end of a zero rate period.
I know I could just ask, but dunno whether it's generally a complete no no!
Considering bunging the whole thing (or at least the balance after my intended cash deposit) on a credit card and transferring balance if I need to at the end of a zero rate period.
I know I could just ask, but dunno whether it's generally a complete no no!
VolvoT5 said:
Bought my last car on card, wasn't a main dealer but it was about 7k. They did charge 2% fee over £1000 IIRC, but it was still cost effective as I had deal on the card.
Obviously a CC is a very bad way to finance a car though if you intend to pay off over a long period though.
Not if you have the facility to constantly swap to cheap deals though.Obviously a CC is a very bad way to finance a car though if you intend to pay off over a long period though.
I did this for a while - Utter ball-ache - but worked if managed correctly.
It will be about a 25% discount on list tho not sure if mercedes finance see it as a deposit contribution linked to the PCP! or whether they just finance whatever is needed. The 5.9% doesn't seem that amazing so they may possibly make something out of it which offsets some of the discount.
2 years motoring at 10k per year, PCP route with £7k up front would mean a total cost of £9928 (or 3 years = £13381). Alternatively I could lease, all things being equal for £7859.
Is leasing the no brainer it seems to be? I'm drawn to 'ownership' just because it seems more sensible tho clearly the sums suggest otherwise!!
Any idea if mercedes GFVs tend to be optimistic? If I was likely to have a bit of equity over the £20k bubble then I'd probably go PCP... confused!!
2 years motoring at 10k per year, PCP route with £7k up front would mean a total cost of £9928 (or 3 years = £13381). Alternatively I could lease, all things being equal for £7859.
Is leasing the no brainer it seems to be? I'm drawn to 'ownership' just because it seems more sensible tho clearly the sums suggest otherwise!!
Any idea if mercedes GFVs tend to be optimistic? If I was likely to have a bit of equity over the £20k bubble then I'd probably go PCP... confused!!
swerni said:
Vipers said:
Paid 17k for an ex demonstrator at Arnond Clarke in Aberdeen, no problem. Using my bank card.
He asked abiut credit cards not bank cards Things are changing surrounding credit card fee's, it should prove easier to use credit cards in the future but whether the 0% deals continue when revenue streams change for the companies remains to be seen.
http://www.moneysavingexpert.com/news/cards/2015/0...
http://www.moneysavingexpert.com/news/cards/2015/0...
Mr Tidy said:
If you ain't got it, don't try to buy it!
Do you have a mortgage? It makes me laugh when the 1920's minded idiot rolls along and spits out this drivel, in your world this country and most developed countries would be in a far worse state than they are currently.
In answer to the original question, it's at the dealers discretion regarding a credit card fee, we are supposed to charge 2.5% but rarely do.
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