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car buying on card
Ridgewalker
Posts: 3 Newbie
in Credit cards
I am looking to buy my son a car with my credit card then transfer it to a 0% deal. Anyone done this before? seems like a cheaper option than the finance deals they offered him, then looking to transfer ownership to his name on the vehicle if that is possible.
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Comments
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It's certainly cheaper if you know you will get the amount you want on a 0% deal and you know that you will either pay it off or get another 0% deal when the first one expires.loose does not rhyme with choose but lose does and is the word you meant to write.0
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Forgot one thing - the dealer might limit how much you can pay on a CC and/or add a fee for using one.loose does not rhyme with choose but lose does and is the word you meant to write.0
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Yes, I will have to ask about any fee's0
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If you have any trouble with the car (i'll assume you're buying second hand) later on, you may have problems if you try to make a claim against the card issuer. Especially if you're going to register the car in your sons name.0
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Why not use a card with 0% on purchases then and save on BT fees?Ridgewalker wrote: »I am looking to buy my son a car with my credit card then transfer it to a 0% deal. Anyone done this before? seems like a cheaper option than the finance deals they offered him, then looking to transfer ownership to his name on the vehicle if that is possible.0
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