Exactly....no way is the dealer going to take a 2-3% hit on a credit card transaction (for car purchase). *IF* they decide to take your credit card, I'd be willing to bet that you'll have to pay the 2-3% merchant fees. Let's see, $37K car you'd bee looking at approx. $925.

 

I used a CC check for my 10K downpayment as I was selling my old car and the check had not cleared with my bank. I got hit with a wicked fee, like I'd used an ATM. I knew it was coming but still it hurt. Having that shiny G in the driveway took away all the pain

Anyway, I'd make sure they didnt invoke some cash fee. If they cant get their 3%+ from the dealer, they try to take it from you :/

My salespeople thought I was just charging my down payment and they didnt care. Thats like taking out a second mortgage for a downpayment on a house. Not for me.

 

Dealers will only usually allow you to pay a small downpayment with CC. No way any dealer is crazy enough to allow the whole car to be purchased that way, even if your credit limit were that high.

 

Why? either way dealer gets paid! by lending bank or by CC's bank same difference, unless you get that car for such low price that dealer can not cover the fees.

 

Did nobody see my post saying that they won't let you pay for the car with a credit card???

 

Is this what you mean?...but it didnt say WHY(well, you said dont ask) you cant do that? unless they is a law angist it? is there limit as how much you can charge up to your CC's limit? Your dealer didnt take it, maybe cause they wont be as profitable, but could it be negotiationed in, between you and your dealer ahead of time? I really dont think any dealer will refuse your CC purchase, if you pay full MSRP? and I have put 5K down payment on my CC for both of my recent purchases.

 

Why, yes, but I didn't realize that once the almight Dofu had spoken that all discussion and debate must then cease. Silence children and bow down for Tofu has entered the room. His knowledge covers all states and provinces and he is infallible!

Or maybe not.

I can tell you that my mother in law HAS bought an Ac.ura on a card because her credit limit was high enough. The dealership made her adjust her purchase price to reflect the vig they were going to have to pay the card company. I have a buddy who has sold a 'Vette that way at a C.hevy dealership to a guy with the Amex Centurion card.

Had you thought maybe you can't do it at your dealership or perhaps in YOUR state/province?

Is it OK if the other kids keep talking now Dorf?

 

Ya kno, a simple "you are wrong and that may only apply in your area because..." will do... you don't have to be an *** about it. And plus, I couldn't delete that post...

 

OK back to topic fellas. No need to name call or make this less than adult.

To the poster, I get the feeling that its the points you mainly want. If that's the case, then ensure you have enough credit to charge the purchase price. Secure your loan through a bank. Now the funds are deposited in your bank and next month you start to pay off the loan secured from your bank (or any other financial institution that wants to loan you the money). Inform your CC company that you will be making a large purchase. They will undoubtly want to see the funds in your bank. Go to the dealer, purchase away! Pay off the CC with the funds from the loan in your bank account.

This is in fact how I bought my G. Some very nice points on my Amex. But for arguments sake an Amex is not a CC but a charge card. I only needed to have Amex see the funds in my bank account as my normal monthly charges are less than purchase price. Very easy, only hassle I had to manage at the dealership was the purchase price.

 

Well, I finally got my answer today. At Southwest Infiniti in Houston, they allow a total of $5000 to be put on a CC, but it has to be split between two cards. It's not $37K, but it's still something for nothing

 

for all you guys saying you cant put huge amounts of money down on a credit card, it might not always be true. my dad just bought himself a new car, and with his amex he slapped down a 20k downpayment. they took it.

 

I bet he's financing the rest of the car through the dealer. The dealer is making a profit on the financing so they let him put the down payment on the credit card.

I am fortunate enough to purchase my cars without any loans. I always try to put as much on my credit cards as possible to get my rebates or miles, but the dealer always puts some sort of limit on the credit card usage. They get charged a certain percentage to process the credit card payment. The most I've been able to put on a CC for a car purchase was 5K on my wife's MDX this past summer. Usually the dealers limit the CC charge to 3K or so.

My G35 was purchased from an individual owner through an ebay auction, so I was able to pay 10K through paypal and use my credit card.

 

You definitely won't be able to pay thru paypal. If you have citibank, use bill payment to send the dealer a check and rack up some thank you points

 

I just bought an 06 G35x and they only let me put $2500 down on my AMEX.