Credit Card Newbie question

lockstock_2

Hi,

I am new to credit cards and am thinking of doing the following, it seems really obvious but not sure if its allowed?

Im looking to buy a car, but instead of buying it on finance could i buy it on a credit card with 0% on purchases and pay of a certain amount monthly until the 0% period runs out, and then transfer the balance at the end on to another credit card with 0% balance transfer for however long, and then keep doing this for say 3 years until the balance is clear.

Could i do this and effectively pay no interest on the borrowed money used to buy the car, instead of using expensive finance offered by the dealers?

Thanks

sicker

If you did manage to get replacement credit cards each time ou were coming to the end of the 0% nearly all cards have a 2-3% fee for a balance transfer so is it worth the hassle. You would also have to apply for a new card in plenty of time to make sure you got it and now a days it is getting much harder. Sorry to pour cold water on your well thought out plans.

John

lockstock_2

oh well thanks anyway. Looks like a loan is the way forward then