Buying from car dealer with credit card??

Jolaaled

Hi all

I'm wanting to buy a used car from a dealer/car supermarket/broker soon.

I intend to pay half of this (about 4K) with my savings, but want to put the balance (around 5K) on a credit card (0%).

Do car sellers accept cards???...or should I apply for a super-balance-transfer car to generate more cash?? I don't really want to go for expensive car finance.

thanks all

neilmcl

It depends on the dealer. I've used a credit card with main dealers before. Be aware, if they do they may charge a fee.

hethmar

Ive used cc in the past - best to check with the people you intend to buy from. Also check out their deals as VW had a very low APR on theirs.

smitchy73

As neil says beware for a charge for using a card, but even putting down a £100 gives you section 75 protection for the lot, just ask before hand if they make a charge for it, if they do phone around, find someone who doesn't charge. Only my opinion, I kjnow depending where you are you may not have that choice.

Kurtis_Blue

Seeing as this is moneysavingexpert ill put it out there, why not just buy what you can afford?

Pete.g

I did this with my current car, an Audi A4 bought from a VW dealer.

What I needed to do so I didnt get charged was to transfer the cash from my 0% credit card to my current account then pay for the car with my debit card.

Cheers,

Pete.

iamana1ias

Pete.g wrote: »

I did this with my current car, an Audi A4 bought from a VW dealer.

What I needed to do so I didnt get charged was to transfer the cash from my 0% credit card to my current account then pay for the car with my debit card.

There's usually a 3-4% charge for doing that though!

thescouselander

iamana1ias wrote: »

There's usually a 3-4% charge for doing that though!

The Audi dealer didn't charge when I paid on my CC - maybe VW will be the same - I think it will depend on who owns the dealership though - the only way to find out is to ask.

iamana1ias

thescouselander wrote: »

The Audi dealer didn't charge when I paid on my CC - maybe VW will be the same - I think it will depend on who owns the dealership though - the only way to find out is to ask.

Nooooooo, the credit card company charge you to transfer money to your current account/onto other cards.

thescouselander

iamana1ias wrote: »

Nooooooo, the credit card company charge you to transfer money to your current account/onto other cards.

No, I just loaded my egg money card and paid the dealer - no charge involved anywhere.

iamana1ias

thescouselander wrote: »

No, I just loaded my egg money card and paid the dealer - no charge involved anywhere.

((sigh))

Shall we start again?

Pete.g said that he had to transfer money from his credit card into his current account.

There are only a couple of cards (egg money being one of them) that don't charge to do that. Others consider it to be a balance transfer and will charge 3-4% for the privilege.

That's why I said that there is usually a charge, just in case the OP thought it was a fee-free alternative.

In your case you did it the other way, and were probably just lucky that your dealer didn't charge you for the transaction.