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re: Can I buy a car with a credit card?

Posted on 11/2/16 at 7:16 pm to
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 11/2/16 at 7:16 pm to
Not going to do financing then payoff, since I'll most likely be spending more than the 19.5k. I woulf assume id be locked into a higher note, although a quicker payoff. Guess I'm not really "buying a car", just putting a lot down with the credit card. I'll be financing a good bit too I'm sure. I'll just pay cash if they don't allow it, but I'm going to attempt it at the very least.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35591 posts
Posted on 11/2/16 at 7:25 pm to
If you finance the whole thing and then do a prepayment of $19.5k on the loan you are eliminating the interest on the money you prepay. Verify t as not every lender is the same but with good credit this should be the case.
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