Credit card restrictions for new car

taconite2

Deleted_User wrote: »

That would be ok. As long as the notes aren't bloodstained.

Sadly not! I did joke and they said they won't take more than 5k in physical cash. Raises too many questions apparently and I don't think they like leaving more than that on site!

ndf9876

You should be fine with a debit card - I can only go by my own personal experience, but I bought mine with £100 on a credit card (you can pay tenpence if you really want to, if all you want is the Section 75 I believe) and £12k on a debit card.

Ergates

taconite2 wrote: »

Sadly not! I did joke and they said they won't take more than 5k in physical cash. Raises too many questions apparently and I don't think they like leaving more than that on site!

Any company that accepted large cash payments without asking questions would very quickly become a target for money launderers.

Ebe_Scrooge

Ergates wrote: »

Any company that accepted large cash payments without asking questions would very quickly become a target for money launderers.

That's true.

And on a more mundane level, businesses get charged a hefty whack for making cash deposits at the bank, which is why these days debit card or bank transfer is their preferred option for large sums - quite apart from any security risk.

As has been noted previously, they are also charged a fee for taking credit card payments. Most are prepared to take a card up to a limit, but that limit is usually purely dictated by their company's policy. From the customer's point of view, as long as you make any portion of the payment by credit card (even 1p), you're covered by S75 protection (subject to the standard limits). In the olden days you usually had the option of paying the whole lot on CC, but they'd pass the fee (typically 2 - 3%) on to you. Now that they're not allowed to pass on the fee, they either place a limit on the amount, or else (some businesses) refuse credit cards completely.

eco_warrior

Just re S75, the chances of having to utilise this on a purchase for a brand new car are so incredibly small its hardly worth worrying about. The card provider aren't going to get involved when the car is covered by warranty etc

jonesMUFCforever

I would approach this from a different angle.
How desperate are for the sale and the kickback from the loan company?

I would suggest saying that you want a cooling off period so that you can decide how you will finance the car - lay it on thick that your financial plans included the payment on the card - a little less profit or no profit at all??