Can you buy a car on a credit card?

[anonymous-user]

Just wondering if anyone has done it? Given the number of banks offering 0% interest for a long time thought it would be a good way to manage cashflow

I did it for a kitchen refit but never having bought a car from a dealer i dont know what's possible

[The Moose]

Of course you can!!

Just have to find a trader with a card machine.

[vrooom]

Yes you can

[vixen1700]

Bought my last XJ-S on a debit card, no probs.

Did feel a bit funny though, not something I'd ever done before I suppose.

[daemon]

RC1 said:

Just wondering if anyone has done it? Given the number of banks offering 0% interest for a long time thought it would be a good way to manage cashflow

I did it for a kitchen refit but never having bought a car from a dealer i dont know what's possible

Should be possible - although any dealer who would do it will be charging you the 3% or so that hes going to have to pay in fees.

[AC43]

RC1 said:

Just wondering if anyone has done it? Given the number of banks offering 0% interest for a long time thought it would be a good way to manage cashflow

I did it for a kitchen refit but never having bought a car from a dealer i dont know what's possible

I've bought one on a debit card - why not?

[Tyre Smoke]

And a trader who is happy to take the hit on the merchant fee, or you will have to pay a bit extra.

[daemon]

vixen1700 said:

Bought my last XJ-S on a debit card, no probs.

Did feel a bit funny though, not something I'd ever done before I suppose.

Dealers love debit cards - no cash lodgement fees.

Works for everyone

[chibbard]

Careful though, somebody will be along shortly and tell you that you can't afford it and you will die from the result....

[daemon]

Tyre Smoke said:

And a trader who is happy to take the hit on the merchant fee, or you will have to pay a bit extra.

Generally the dealer will pass on the 3% or so merchant fee to you for a CC.

[007 VXR]

vixen1700 said:

Bought my last XJ-S on a debit card, no probs.

Did feel a bit funny though, not something I'd ever done before I suppose.

Payed for my Monaro on my debit card.

[graham22]

Isn't the 0% normally for balance transfers but then there's often a 2-3% handling charge, plus the dealer charging or not discounting the 3% he has to stand suddenly puts the 6% total close to the amount you may get finance and the kick backs for, particularly at the end of a quarter when dealer targets need to be met etc.

Did buy my last car with a debit card though.

[MajorProblem]

We use 0% purchase cards for everything as our wages pile up in the bank and relieve interest on the offset mortgage.

Currently using a Tesco card 0% purchases for 18 month.

[Dave Hedgehog]

i always put at least £100 of the cost of a car on a credit card to get section 75 protection

[anonymous-user]

cheers chaps although to be clear im asking about CREDIT card!

do they always charge the merchant service charge?

[T66ORA]

Back in 2005, the TVR Tamora was falling into my price bracket, we went to look at one at a non TVR, but sports car specialist, took the Tuscan along hoping to do a deal on that, unfortunately the dealer had no interest in the Tuscan,Racing Green TVR had let them down after underwriting the Tamora,so to cut a story short, bought the Tam on a CC at a very good price and sold the Tuscan privately.
Had the pleasure of the two of them for 6 weeks

[rossub]

The last two cars I bought, dealers have said to me it'll be a 3% charge, but when I came back to pay they didn't actually add it on.

The balance transfer game is by far the cheapest way to finance a car, providing you can get a card with a limit large enough to buy the car you want.

[Sammo123]

I have worked for a few main dealers and none of them will accept more than a couple of grand on a credit card. Even when the customer has offered to cover the charges the answer was still no.

[anonymous-user]

graham22 said:

Isn't the 0% normally for balance transfers but then there's often a 2-3% handling charge, plus the dealer charging or not discounting the 3% he has to stand suddenly puts the 6% total close to the amount you may get finance and the kick backs for, particularly at the end of a quarter when dealer targets need to be met etc.

Did buy my last car with a debit card though.

yep i think this is the trade off.... im sure i can get a card with 0% for new purchases (i got over 24 months worth of interest free credit on 2 cards for my kitchen stuff which i repaid in full in 9 months) but im not sure if i can get an unsecured loan for less than what the dealer wants by way of merchant fee.... i could of course be boring and save up or use savings etc but was wondering if there was a no cost option to spread the load...

[anonymous-user]

Sammo123 said:

I have worked for a few main dealers and none of them will accept more than a couple of grand on a credit card. Even when the customer has offered to cover the charges the answer was still no.

thats interesting. my outlay i expect will be around 20k but at least 10k will be cash/debit so id only be looking to put about 10k or so onto the credit car

car in question will be a 997 so unlikely to come from a official porsche centre more like marque specialist...