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

[RedViking]

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

View attachment 1182424

How is that possible? I have a score of 800 and something and my interest does not look like that. Probably age.

 

[Speedster]

How is that possible? I have a score of 800 and something and my interest does not look like that. Probably age.

800 out of 705 is pretty darn impressive. They should be paying you to borrow their money

 

[RedViking]

800 out of 705 is pretty darn impressive. They should be paying you to borrow their money

Oh... Well then it is not 800.

 

[quovadis]

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

Visa and Mastercard (probably all others now) have very strict policies on doing this and in many places in the world there are laws that forbid such. Many merchants have arrangements with banks for this very situation where they have a cap on fees and maintain relationships with multiple banks.

 

[zerocool2009]

Visa and Mastercard (probably all others now) have very strict policies on doing this and in many places in the world there are laws that forbid such. Many merchants have arrangements with banks for this very situation where they have a cap on fees and maintain relationships with multiple banks.

Correct. 5% on R1kk.... it aint change.

 

[Mars]

I bought a car for R60k with my credit card. They just charged me an extra 1.5% on top for their card fees.

Tho I would think that it would be up to the dealer.

 

[Speedster]

I bought a car for R60k with my credit card. They just charged me an extra 1.5% on top for their card fees.

Tho I would think that it would be up to the dealer.

It's clear from the comments here different dealers have different policies. Although, the way these dealers operate they probably wouldn't be too difficult if the sale depended on it.

 

[GhostSixFour]

Which dealerships accept bitcoin?

 

[Nicholas Lisse]

Tried this when I bought my Captur, dealer refused because they didn’t want to pay the 5% or whatever it was in fees for use of the machine.

EFT’s work.

 

[Adenoid Hynkel]

Jeez ****, what is your credit score

Any tips?

Ask your bank to review your interest rates annually.

 

[Aghori]

I had the same problem, but with cash. BMW Sandton did not want to accept R2025990 in cash. I did tell them that they can keep the R10 change. I had to do an EFT instead.

 

[shadow_man]

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

View attachment 1182424

Wow, that's a great rate - here I thought I was doing well at 7%!

I'm guessing you're a PW client?

That's my thought process - pay on CC --> get eBucks --> transfer from bond at 5.85% (and make use of the interest free period).

 

[Snyper564]

Wow, that's a great rate - here I thought I was doing well at 7%!

I'm guessing you're a PW client?

That's my thought process - pay on CC --> get eBucks --> transfer from bond at 5.85% (and make use of the interest free period).

Correct pw

 

[Snyper564]

How is that possible? I have a score of 800 and something and my interest does not look like that. Probably age.

I'm only 33

 

[RedViking]

I'm only 33

Wow, that's a great rate - here I thought I was doing well at 7%!

I'm guessing you're a PW client?

That's my thought process - pay on CC --> get eBucks --> transfer from bond at 5.85% (and make use of the interest free period).

What is a PW client?

Okay, I slightly over estimated my score. Also 32ish.




I don't have any debt, but I also don't own anything useful or have a bond. Meh!

Not sure how one get such low interest rates.

 

[Snyper564]

What is a PW client?

Okay, I slightly over estimated my score. Also 32ish.

View attachment 1182580


I don't have any debt, but I also don't own anything useful or have a bond. Meh!

Not sure how one get such low interest rates.

PW - private wealth.

I have a bond but no other loans only other"debt" is my monthly cc that is settled every month.

 

[RedViking]

PW - private wealth.

I have a bond but not other loans only other"debt" is my monthly cc that is settled every month.

Yeah I do the same for my CC for the last decade. Now and then I budget something, like my coffee machine, but I can clear it any moment.

Getting gatvol of renting. So hope to buy in the next year or so (if life doesn't suprise me). Just want to see where my business venture take me.

It sucks to see the crap on the market for sale under 1.5 million, specially as Architects.

 

[Snyper564]

Yeah I do the same for my CC for the last decade. Now and then I budget something, like my coffee machine, but I can clear it any moment.

Getting gatvol of renting. So hope to buy in the next year or so (if life doesn't suprise me). Just want to see where my business venture take me.

It sucks to see the crap on the market for sale under 1.5 million, specially as Architects.

It's crazy how house prices etc have increased

 

[RedViking]

It's crazy how house prices etc have increased

It's depressing. Makes me sick.

 

[Snyper564]

It's depressing. Makes me sick.

Barring upgrades our house value is already up 30%. The houses in our area sell in less than 24h. All I can say is don't rush, ignore that saying paying rent is paying someone else's bond. Saving an extra year for example can knock years of a bind repayment