Credit card for car buying

lowmiles

I'm looking to buy a small car for my wife, I'm paying 2k upfront and want pay around the same on a credit card rather than putting it on finance. I already have credit card I can use. Would it be cheaper to buy on this card and then balance transfer to a 0% card or are there any good % cards that you can spend on directly? I'd be looking to pay it off in around 14 months so a long deal isn't vital.

Willing2Learn

Have you asked your current credit card provider if they will do a promotion for you?

Edit: Also see the article below re balance transfer cards:
https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/

System

I would first check with the dealership that they will take credit card payment, just to be sure

You would need to check your current credit card to see if its 0% on purchases... if not then likely going to be 20%+ so you would either need to get a new balance transfer credit card which will cost around about 2% transfer fee or get a 0% purchase credit card and pay with that which they'll be no cost at all

drlabman

Have you checked whether you can pay by credit card? When I bought a car recently, the dealer told me that they don't accept credit card payments. He said the reason is that you could "pay" for the car, drive away and then call the CC company to cancel the transaction e.g. saying the card was stolen or something. They wouldn't even accept part bank transfer, part credit card.

Albermarle

Recently bought a car for my daughter from a Peugeot dealer . They were OK with a credit card for the £500 deposit . However when I went to pick the car up and pay the balance they would only accept a debit card or a bank transfer.

macman

Most dealers won't, because the fees are substantial and they can no longer charge them back to the customer Put say £100 on your CC to get S75 protection.

foxy-stoat

Try and get a money transfer option to your bank, then after the short intro period is up balance transfer it to a longer 0% period, will costs you around 3% per transaction.

lowmiles

Can use a CC? When last bought a card I put 4K on a credit card, i'll certainly ask when I go around the garages.

[Deleted User]

lowmiles wrote: »

Can use a CC?

You need to ask them.

Things are different now that the card charges can't be levied.

eco_warrior

drlabman wrote: »

Have you checked whether you can pay by credit card? When I bought a car recently, the dealer told me that they don't accept credit card payments. He said the reason is that you could "pay" for the car, drive away and then call the CC company to cancel the transaction e.g. saying the card was stolen or something. They wouldn't even accept part bank transfer, part credit card.

Can't believe a car salesman would lie