buying a car

iwantmymymoney

how can i purchase a car from a private seller with my credit card without incurring any charges?

hewhoisnotintheknow

i guess you cant, unless they accept credit cards

maybe you can do an internet bank transfer

Inactive

The only possible way is via Paypal, but there are charges involved, both parties need to sign up to Paypal as well.

I don't honestly think that there is a no cost CC option.

Conor_3

Basically you can't. If you're having to buy a car with a credit card, you can't afford it in the first place.

harveybobbles

iwantmymymoney wrote: »

how can i purchase a car from a private seller with my credit card without incurring any charges?

You wouldn't be able to buy from a dealer without a charge of about 2%...!

Locoblade

Some credit cards allow a super balance transfer, which is a transfer of credit from the card to a regular bank account. If you have one of these cards then obviously you could either do the SBT to your bank then pay cash, or do the SBT to the sellers account. There is usually a fee involved in this though.

Have a search on the Stoozing forum for more info on which cards allow SBTs, you need to ensure its not done as a cash advance though as you'll pay interest on that straight away much like you would by drawing cash out of the cash machine with a credit card.

sheslookinhot

iwantmymymoney wrote: »

how can i purchase a car from a private seller with my credit card without incurring any charges?

arrange for the money to be transferred into the sellers bank account

mrs_T

Conor wrote: »

Basically you can't. If you're having to buy a car with a credit card, you can't afford it in the first place.

What? I bought a car last year and chose to put some of the cost on a 0% credit card which gave me 12 months to pay it off at no cost to me. Much better than a car dealer hp deal or bank loan.

goldspanners

mrs_T wrote: »

What? I bought a car last year and chose to put some of the cost on a 0% credit card which gave me 12 months to pay it off at no cost to me. Much better than a car dealer hp deal or bank loan.

but it wasnt a private sale was it?

markelock

and don't use paypal, the only protection they offer (and it's a moot point as to whether they do this at all) is with purchases through ebay (as they're owned by ebay).

plus, in my opinion, they are dreadful.

if the point behind this post is how do you purchase something that isn't a lemon, why not pay for a car check prior to purchasing it? plus an HPI check included within it?

LandyAndy

Remember, if you do make a transfer to the seller's bank from your credit card this will be a 'cash withdrawal' and will incur interest from day 1 and will not give protection under the Consumer Credit Act.