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

lisyloo

You made it sound like the garage was doing him a favour.

The fact is that sale will cost the dealer circa an extra 2%.
A savvy MSE would instead try to negotiate a 2% discount.

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

This question is the same with EVERY business.
In the end customers will be paying ALL costs.
The dealer will encounter all sorts of costs - staff, pensions, sickness, training, compassionate leave, cleaning, toilets, health & safety, disabled facilities.
Some costs will be cross-subsidised i.e. shared between all paying customers, because either they aren't easily attributable to a single sale or the costs are just too small to be worth calculating or potentially there is moral (disabled facilities) or legal issue (discrimination).

Remember RyanAir wanting to charge for wheelchairs? In the end it had to be cross-subsidised by all passengers whether disabled or not.

I would suggest a credit card charge is one that falls in the category of being

a) avoidable
b) easily directly attributable to a single sale
c) easily quantifiable e.g. 2%
d) big enough to be worth calculating

Armed with this information I believe a savvy MSE would look for a 2% discount instead (unless of course they get a better benefit somehow).

I believe this logic is sound for any business but please do feedback if you see a flaw in it.

travellerboy

All you can do is apply and wait to see the Limit they put on you. They normally will increase that limit after a period of time, so probably will be unhelpful to you. You could still put a deposit on the car up to the maximum the CC allows.

wickison23

CherlokHomes wrote: »

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.

I have checked my credit history, thus I'm able to confirm I have a good rating. Hope this has explained it clearly.

wickison23

lisyloo wrote: »

The fact is that sale will cost the dealer circa an extra 2%.
A savvy MSE would instead try to negotiate a 2% discount.

This question is the same with EVERY business.
In the end customers will be paying ALL costs.
The dealer will encounter all sorts of costs - staff, pensions, sickness, training, compassionate leave, cleaning, toilets, health & safety, disabled facilities.
Some costs will be cross-subsidised i.e. shared between all paying customers, because either they aren't easily attributable to a single sale or the costs are just too small to be worth calculating or potentially there is moral (disabled facilities) or legal issue (discrimination).

Remember RyanAir wanting to charge for wheelchairs? In the end it had to be cross-subsidised by all passengers whether disabled or not.

I would suggest a credit card charge is one that falls in the category of being

a) avoidable
b) easily directly attributable to a single sale
c) easily quantifiable e.g. 2%
d) big enough to be worth calculating

Armed with this information I believe a savvy MSE would look for a 2% discount instead (unless of course they get a better benefit somehow).

I believe this logic is sound for any business but please do feedback if you see a flaw in it.

Absolutely. Agree... you pay for everything that's been costed up.

The free coffee, the free wifi... All gets built into the overheads.

wickison23

CLAPTON wrote: »

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

American Express Platinum, no debts apart from mortgage... I'm not prepared to discuss earnings on the internet. I am a management accountant by trade.

Thanks for your help. Great site, great users.

mountainofdebt

If you wanted to do that in the garage that I work in, you would be charged a 2.5% fee

CLAPTON

wickison23 wrote: »

Absolutely. Agree... you pay for everything that's been costed up.

The free coffee, the free wifi... All gets built into the overheads.

that completely missed the point being made

in any event without knowing what your credit files show or your income or debts or existing CCs, no-one can really help much

best just apply and see what happens

YorkshireBoy

wickison23 wrote: »

American Express Platinum

What's the credit limit? It'll need to be quite high (to secure £10K elsewhere), especially with no other active credit facilities apart from the mortgage.


This is because in order to secure a £10K credit facility you really need to demonstrate (via your credit report) to any prospective lender that you can manage this amount of credit.

wickison23

YorkshireBoy wrote: »

What's the credit limit? It'll need to be quite high (to secure £10K elsewhere), especially with no other active credit facilities apart from the mortgage.


This is because in order to secure a £10K credit facility you really need to demonstrate (via your credit report) to any prospective lender that you can manage this amount of credit.

£6k on Amex that I use day to day and pay off each month. I have £15k on mbna but don't use it and have nothing outstanding. I understand what your saying, don't need you to explain any further. What I'm after without disclosing lots of information on line to strangers is which cards are likely to help me.

wickison23

CLAPTON wrote: »

that completely missed the point being made

in any event without knowing what your credit files show or your income or debts or existing CCs, no-one can really help much

best just apply and see what happens

I'm after a point in the right direction based on the minimal information I have provided.

Would be very stupid to go into great detail on my finances on a forum don't you think?!

What I'm trying to do is avoid applying to a card that will only give me a standard flat facility and not take into account my salary etc. for example, applying to Tescos I've heard would be pointless as they give you a standard credit limit regardless.

What your telling me is everything I already know.