Can I buy a car with VWFS and pay it off using a 0% card?

[Prawo Jazdy]

I've reserved a car. I've got savings to buy it, but I'd rather hang onto that and pay for it over a longer period if possible. But I don't want to do it with interest otherwise there's no point really. I can't pay for the car with a credit card (maximum is £2000 on a CC). If I bought the car using hire purchase, through VW Financial Services, is there some way I can then use a credit card to pay the bill? That would enable me to use a 0% balance transfer card (I think?) to stretch out paying for it. Do VWFS charge fees if you do this? Or is each agreement different so it's impossible to say?

I've only ever borrowed for a house before, hence why I sound like I have no idea what I'm talking about.

[Simpo Two]

What amazing things are you planning to do with your savings while you knit yourself into a casserole of complexity to preserve them?

[Mandat]

Prawo Jazdy said:

I've reserved a car. I've got savings to buy it, but I'd rather hang onto that and pay for it over a longer period if possible. But I don't want to do it with interest otherwise there's no point really. I can't pay for the car with a credit card (maximum is £2000 on a CC). If I bought the car using hire purchase, through VW Financial Services, is there some way I can then use a credit card to pay the bill? That would enable me to use a 0% balance transfer card (I think?) to stretch out paying for it. Do VWFS charge fees if you do this? Or is each agreement different so it's impossible to say?

I've only ever borrowed for a house before, hence why I sound like I have no idea what I'm talking about.

Even if VWFS accept a credit card for the payments, you might find that the credit card company treat the payments as a cash transaction, and charge you (a usually higher) cash interest rate.

[okgo]

I’ve been looking at similar things recently - cash/money transfer cards exist and could fit the bill?

The only issue I expect is getting a limit that’s a useful amount.

[Mazinbrum]

Simpo Two said:

What amazing things are you planning to do with your savings while you knit yourself into a casserole of complexity to preserve them?

If 2026 is same as last year 20% from a single low cost index fund maybe?

[V8 Stang]

Can you not do a "money transfer" from a credit card instead, then you will have the cash to buy the car.

I am constantly being offered money transfer's interest free for 18-24 months for around 3% initial fee on my cards.

If you have a high enough credit limit, it could be a cheap loan.

[Jon39]

If the car you are buying is an EV, then using PCP is very wise.
I have always paid cash for car, but certainly would not for an EV.

The reason is, uncertain and probably very rapid depreciation.
New buyers, especially business buyers, have all the tax incentives and inducements. When those cars reach the used market, demand is very different.

Example;
New EQS £140,000
3 years old £35,000

The PCP finance providers have lost fortunes, after being caught out by their over optimistic residual values.
By using PCP, you can lock in depreciation at the start.

[Edible Roadkill]

I done this a year ago to gain the extra services and warranty but paid it on a debit card.

I think you can’t shift finance to a CC unless as said above a money transfer.

11.9% finance from vwfs was ridiculous!