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

Posted on 11/2/16 at 7:01 pm to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35607 posts
Posted on 11/2/16 at 7:01 pm to
The answer is no and not for the reasons dabigfella gave.

The dealership is not going to take the hit for the credit card processing fee. They'll let you put a down payment down but nothing beyond that. I'd put the down payment on the credit card and do financing through your bank and then pay it off when funds clear.
Posted by CoachRobertson
Denham Springs
Member since Dec 2014
364 posts
Posted on 11/2/16 at 7:08 pm to
Yes. Sold a camry a while back, lady put all $28k on credit card. And I bought a $4500 car few weeks ago on credit
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.
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