If you could pay for a new vehicle with a single credit card swipe - would the dealer let you?

[shadow_man]

Assuming:

a) your limit was high enough
b) the interest rate was low enough

Would any dealership let you? My feeling is no as card charges would be too high and the dealership would refuse - but in another thread this was deemed a perfectly viable option.

Thoughts?

 

[Dan C]

 

[Speedster]

I've actually done this before

 

[RedViking]

You can just EFT from your Credit Card. Don't need to swipe.

 

[Pax]

Nope. The dealer just said they do not have card facilities for payment of tge vehicle, only towards the bank account used for services and parts.

 

[zerocool2009]

They can and would, but they will add the transaction costs above the purchase price

 

[zerocool2009]

They can and would, but they will add the transaction costs above the purchase price

 

[Speedster]

You can just EFT from your Credit Card. Don't need to swipe.

You're charged interest immediately on EFT from credit card. And no rewards points

 

[Speedster]

They can and would, but they will add the transaction costs above the purchase price

No, they didn't

 

[Tman*]

Ive seen a receipt from someone in SA that bought a BMW on credit card. It can be done, but suppose its dealer dependant

 

[Lupus]

Assuming:

a) your limit was high enough
b) the interest rate was low enough

Would any dealership let you? My feeling is no as card charges would be too high and the dealership would refuse - but in another thread this was deemed a perfectly viable option.

Thoughts?

They did for my dad and step dad a few years ago,well my stepdad was 10 years ago, my dad was 3 years ago.
Not a credit card but a debit card though, one was KIA the other was VW.

 

[Grubscrew]

Ive seen a receipt from someone in SA that bought a BMW on credit card. It can be done, but suppose its dealer dependant

Any possible discount is negated for card fees the merchant will have to pay.

 

[Speedster]

Any possible discount is negated for card fees the merchant will have to pay.

When I did it we had the price fully agreed, paperwork all done and then when it came to payment I asked if I can swipe the CC. The dealer fetched their speedpoint and away we swiped

 

[Messugga]

They do. We have clients swiping for all sorts of cars. Definitely not a problem.

 

[A3@MBB]

I once paid the deposit with my credit card after I transferred the amount over from savings to cc.
This was before app banking and proper internet banking with limit changes done on the fly with 2FA.

Dealer did not blink a eye

 

[Snyper564]

My CC interest rate is cheaper than my sub prime bond my as well swipe this and get ebucks

 

[Thor]

My CC interest rate is cheaper than my sub prime bond my as well swipe this and get ebucks

View attachment 1182424

Jeez ****, what is your credit score

Any tips?

 

[Speedster]

My CC interest rate is cheaper than my sub prime bond my as well swipe this and get ebucks

View attachment 1182424

I guess the key is just to remain disciplined in the repayments

 

[Sinbad]

I've done this twice.

Well, once with a debit card.

 

[Snyper564]

Jeez ****, what is your credit score

Any tips?

I just use my CC and clear it every month

from clearscore