Best way to purchase car via credit card

YorkshireBoy

TheTrainDriver wrote: »

Even if your seller says they can't take a CC, they more than likely can and probably will do if push comes to shove.

OP is buying privately!

TheTrainDriver

YorkshireBoy wrote: »

OP is buying privately!

must learn to read, sorry!

td_007

vipergrm wrote: »

Thanks guys. My card is more then 60 days now unfortunately so it could cost me a lot to do it that way. Now, if I could somehow transfer the balance to his card (the seller - if he has one) then we might be in luck.

Unfortunately no - the Virgin 60 day rule applies to all types of BT including transfer from another card.

A loan might be next best option - as previously suggested check out the Loans board.

Any

vipergrm wrote: »

The trouble is, how do I use the card without paying the large fees???

Someone has to pay the fees. Credit cards are not a charity thing you know.
So either you have to pay them or the seller will pay them (obviously not private one, he doesn't have the facility) and charge you accordingly.

vipergrm

TheTrainDriver wrote: »

I bought a new Citroen about two years ago on a credit card. The dealer did not want to take a credit card but did, without fees, when I said it was the only way I could pay for it.

Even if your seller says they can't take a CC, they more than likely can and probably will do if push comes to shove. You should check with the vendor, even if they won't do it for free they might do it for a surcharge that may be cheaper than all the balance transfer fees.

Thanks but as you know now, it is private.

vipergrm

YorkshireBoy wrote: »

Around £30...if the loan allows favourable early settlement.

http://www.whatsthecost.com/loan.aspx

Probably best to take this particular aspect to the loans board for better advice.

If you hadn't applied for the Tesco card, and you had a very good rating, it's possible you could have had 0% for 10 months for a 1% fee (and worry about shifting the balance next year) by going with the M&S card Sterling travellers cheque loophole. Not intended to make you feel worse...just to ask first before acting next time.

Thanks. This is quite interesting. I haven't actually activated the card yet so I guess I could cancel? I only applied a few days ago and haven't even got anything in the post yet. Should I call them to cancel and get the M&S one if possible?

vipergrm

YorkshireBoy wrote: »

Around £30...if the loan allows favourable early settlement.

http://www.whatsthecost.com/loan.aspx

Probably best to take this particular aspect to the loans board for better advice.

If you hadn't applied for the Tesco card, and you had a very good rating, it's possible you could have had 0% for 10 months for a 1% fee (and worry about shifting the balance next year) by going with the M&S card Sterling travellers cheque loophole. Not intended to make you feel worse...just to ask first before acting next time.

Thanks Yorkshireboy! This is very interesting. If I can get a loan and pay it off with only around £30 if interest then I would be well pleased with that. Thanks!

vipergrm

Any wrote: »

Someone has to pay the fees. Credit cards are not a charity thing you know.
So either you have to pay them or the seller will pay them (obviously not private one, he doesn't have the facility) and charge you accordingly.

I am very much aware of that. The whole idea for me is to find out how I can get the money and pay the lowest possible fees. Afterall, the website is called "moneysavingexpert" so it stands to reason as to why I would come on here and ask. I honestly don't see the point of this post.

YorkshireBoy

vipergrm wrote: »

If I can get a loan and pay it off with only around £30 if interest then I would be well pleased with that.

£30 is the charge to settle early. Don't forget all the interest you've already paid in months 1 to 6.

vipergrm

YorkshireBoy wrote: »

£30 is the charge to settle early. Don't forget all the interest you've already paid in months 1 to 6.

Yes I have taken that into consideration also. Hoping to pay it off within 6 months. Thanks for your help guys!