Credit card fees when buying a car

lisyloo

Yes you should reconsider.
If a business is not helpful when you are buying from them then what kind of service can you expect when you have a problem?
Unless there is a specific reason then I'd be looking to take my business elsewhere.

cajef

I bought a brand new Honda for cash from a main dealer eighteen months ago, they would only accept a CC for the £500 deposit, to avoid charges the balance had to be either debit card, bank transfer or cheque, if by cheque they would not release the vehicle until it had cleared.

lisyloo

That sounds quite normal cajef.
Most dealers want at least a contribution to their charges these days although most will accept smaller amounts for customer service reasons and convenience when securing a deal.

I'm always very careful with bank transfers because if you get it wrong and send the money to a stranger, you might find it very hard to get it back (you can ask nicely but that's about it).

bigadaj

Bought a car earlier this year, £500 deposit on credit card and the balance by debit card on collection.

Was keen to get the deposit on credit card for the section 75 protection, and the debit card payment was straightforward.

fdsre

2.5% sounds in line with the market standards unfortunately Zwoog. These should be reduced at the end of the year due to EU law fee caps. However, what isn't in line with standards is charging this on the full car amount instead of the amount processed on your card. I would challenge this 100%. Good thing is that by paying over £100 on the card, you get Section 75 protection.

I'm sure you've thought about this too but, unless you are prepared to pay off the CC straight-away or are on a free purchase CC deal for a number of months, paying for a new car on a CC will end up being VERY expensive.

YorkshireBoy

fdsre wrote: »

Good thing is that by paying over £100 on the card, you get Section 75 protection.

OP could have paid as little as £1 (or even less!) on the credit card and still secured full section 75 protection on the item cost.

Remember, its the price of the goods or service that needs to be over £100 (and less than £30K)...not the credit card transaction value.

chanz4

With new cars the warranty will be fine, after all this its going to be hard to prove and very costly to prove the fault was already there trust me been through it with VW