Can I buy a car on a 0% credit card?

wickison23

Hi, if anybody can help I'd be really grateful.

Does a credit card exist that allows me to have a high spend limit whilst having 0% on purchases.

I have a really good credit history and borrowing record.

What I don't want to do is apply for a credit card that will give me a basic minimal spend of £2,000... what I'm after is around £10,000 so that I can purchase a car on the card and take full use of the 0%.

I'm aware my earning will be taken into account when the lender decides my limit.

Thanks

JournalGirl

I can't comment on which cards will give you the available credit you are hoping for - but one point to watch out for - does the garage charge more for credit card purchases? I bought my last two cars on credit cards, one charged a transaction fee, and the other didn't

wickison23

Thanks, no the garage doesn't charge a fee.

CherlokHomes

wickison23 wrote: »

Hi, if anybody can help I'd be really grateful.

Does a credit card exist that allows me to have a high spend limit whilst having 0% on purchases.

I have a really good credit history and borrowing record.

What I don't want to do is apply for a credit card that will give me a basic minimal spend of £2,000... what I'm after is around £10,000 so that I can purchase a car on the card and take full use of the 0%.

I'm aware my earning will be taken into account when the lender decides my limit.

Thanks

Explain your good credit history?

You'll be very very lucky to get a 10k credit card actually I don't think you will TBH.

CLAPTON

what's your income
what are your debts
what CC do you already have

YorkshireBoy

wickison23 wrote: »

Thanks, no the garage doesn't charge a fee.

So there's a further circa 2% discount to be negotiated if paying by cash then...unless you expect the garage to take the hit and pay this circa 2% fee for you?

redcard

YorkshireBoy wrote: »

So there's a further circa 2% discount to be negotiated if paying by cash then...unless you expect the garage to take the hit and pay this circa 2% fee for you?

The fee is charged to the garage, not the customer, so they're not paying it for him.

YorkshireBoy

redcard wrote: »

The fee is charged to the garage, not the customer, so they're not paying it for him.

Totally missed my point (or being a little pedantic?).


The dealer will want pass on this fee to the customer. If they don't, they'll have to absorb it themselves. Car dealers are not normally known for their altruism.

chattychappy

redcard wrote: »

The fee is charged to the garage, not the customer, so they're not paying it for him.

I think YB's point is that if the garage can sell the car on a CC without charging extra, then there is room to discount should the OP offer cash.

wickison23 wrote: »

Thanks, no the garage doesn't charge a fee.

I really wonder about this. Plenty of people on here who paid a deposit (no fee) only to find they had to pay a fee when paying the balance. Salesmen will often lie to get the sale. If paying a deposit, I would check the paperwork + T+Cs very carefully. As an additional precaution, where you sign I would annotate "balance to be paid on CC without additional fee/surcharge" or somesuch.

redcard

YorkshireBoy wrote: »

Totally missed my point (or being a little pedantic?).


The dealer will want pass on this fee to the customer. If they don't, they'll have to absorb it themselves. Car dealers are not normally known for their altruism.

I don't think I was being pedantic (sic).

You made it sound like the garage was doing him a favour. Should he also pay more for a car bought in winter because the garage will be using more electricity to heat the office?

YorkshireBoy

redcard wrote: »

Should he also pay more for a car bought in winter because the garage will be using more electricity to heat the office?

No, because all those who purchased in the summer when no/little heating was required will have subsidised this part of the dealers fixed costs.


Anyway, at least chattychappy saw my point as intended.