buying car is it classed as goods?

cheepskate_2

hi
We are due to buy a car, and am going to put it on cc.
Now does this count as a cash purchase? or goods?

If cash, could anyone tell me where to find cards that let you have 0% on cash
thanks

[Deleted User]

Neither cats nor cars counts as cash - they are both purchases.

But the main issue is whether the seller of either the moggy or the motor will accept a card, or charge a premium if they do.

cheepskate_2

Lol,hitting the keyboard correctly is not my strong point . Thanks for the advice.

Car place charges a fee as the the bank charges them it, but he did say do a bank transfer as this may not incur a fee.

Any info on this so i can go armed to our bank

thanks

[Deleted User]

You'd need a card that allows a money transfer to your account (ie an MBNA card). But the card will then charge you 3-4%, so it would probably be the same or more than the dealer.

cheepskate_2

See i always thought buying a car would be classed as a cash advance, reason being years ago a garage told me this.
But you are definite that it is a purchase, thus would get no fee(apart from the one the garage adds on) and i would then have 30 days(or whatever it is) to pay it off before i get interest charged.

thus if i put it on a card that stated 12 months interest free for purchases the i would have 12 months of no interest or fees(apart from the initial garage one) , as am i correct the banks don't charge a fee on purchases

Sorry its the 1st time that i am doing a purchase rather than B.T

dalesrider

cheepskate wrote: »

Lol,hitting the keyboard correctly is not my strong point . Thanks for the advice.

Car place charges a fee as the the bank charges them it, but he did say do a bank transfer as this may not incur a fee.

Any info on this so i can go armed to our bank

thanks

No his visa/mastercard charges him a fee for using the service. Not your bank.....
So there is not point going to your bank to say anything about it.

A car is a PURCHASE not a CASH transaction.

If you want ANY FORM OF extra PROTECTION from CCA.....

DO NOT DO A BANK TRANSFER :eek:

A bank transfer is just cash to the retailer.

sfax

cheepskate wrote: »

See i always thought buying a car would be classed as a cash advance, reason being years ago a garage told me this.
But you are definite that it is a purchase, thus would get no fee(apart from the one the garage adds on) and i would then have 30 days(or whatever it is) to pay it off before i get interest charged.

thus if i put it on a card that stated 12 months interest free for purchases the i would have 12 months of no interest or fees(apart from the initial garage one) , as am i correct the banks don't charge a fee on purchases

Sorry its the 1st time that i am doing a purchase rather than B.T

I've paid a £1000 deposit on a new car on a credit card and it was definitely not classed a cash advance. You need to check the dealer is happy to accept the full payment with a credit card and what % they will charge you. BMW wouldn't accept more than £1000 from my credit card even though I offered to pay a % (there was no charge for the £1000). Not sure why and that's only one dealer.

Janie4Now

My local dealer won't accept credit card payment for anything other than the deposit. Probably something to do with the percentage they have to pay.

McKneff

We haggled with the dealer we bought our car from about the cc charge and we didn;t pay it,.

mrs_T

I've done this twice for over £5k a time to 0% cards. Paid a small % to the dealer but otherwise no problems.