Do car dealers take credit card?

Archived From: Finance
  • Page :
  • 1
  • Text Only
Voting History
rated:
I have to shop for a new car and I am wondering if car dealers will accept a purchase paid in full by credit card. That is, no loan, no check but solely paid by credit card at the spot. -- I want to get 2% on my fidelity card.

Please share your experience. Thanks.

Member Summary
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
Thanks for visiting FatWallet.com. Join for free to remove this ad.

Not for the full purchase price.

This has been discussed many times before. Try the search button.

Here is the answer plain and simple, hopefully this thread will die once you get your answer:

Most car dealers take a credit card but limit the amount you can charge. (most only accept credit card for a maximum of 1 or 2 thousand dollars).

Some can be talked into taking a credit card on the whole amount but if they do you are paying 2% higher in the price and not realizing it.

why is this question asked weekly? can't you do a search?

So from your experience, they will accept for part of the price? Please share/elaborate.

It depends.

When you pay with credit card, the dealership will see their profit start slipping away due to the finance fees and the fact that you won't be using a loan. So, most smaller dealerships probably won't let you charge the full amount. Although this is against MC and Visa policy to set a maximum price, you won't really be able to use this as leverage against them. But I've known people to just charge their car on a car and have themselves a new car.

AdamB60 said: [Q]It depends.

When you pay with credit card, the dealership will see their profit start slipping away due to the finance fees and the fact that you won't be using a loan. So, most smaller dealerships probably won't let you charge the full amount. Although this is against MC and Visa policy to set a maximum price, you won't really be able to use this as leverage against them. But I've known people to just charge their car on a car and have themselves a new car.

Most dealerships get around that by saying you can only use credit cards on a down payment and the maximum down payment is xxxx.

timothy86 said: [Q]AdamB60 said: [Q]It depends.

When you pay with credit card, the dealership will see their profit start slipping away due to the finance fees and the fact that you won't be using a loan. So, most smaller dealerships probably won't let you charge the full amount. Although this is against MC and Visa policy to set a maximum price, you won't really be able to use this as leverage against them. But I've known people to just charge their car on a car and have themselves a new car.

Most dealerships get around that by saying you can only use credit cards on a down payment and the maximum down payment is xxxx.

Or they will just charge you can extra 2-3% built into the price.

If they do for the whole amount...

...you've paid too much!

Last time I asked about paying the whole balance on credit card at a local dealer, they wanted me to pay 3% extra on top of what we have negotiated.

dont buy car if you cant pay in full-my experience, unless ofcourse you get a 0% apr

Here is what you need:

1. Telephone
2. Phone number of dealer
3. Printout of script: "Hello. Do you accept credit cards?"

1) Call them
2) If you pay full sticker on a non-hot/limited model, they will likely allow you to charge.
3) If you pay full sticker and charge to get 2% back, you've paid too much for too little.

I have never paid more than $300 above invoice and the dealer have never let me charge above $5000. This was with 2BMW, 2Lexus, 4Toyota, 1Honda, 1Benz, 1Caddy. Perhap one of the Big Three will allow it since some of their cars are sitting on the lot more than +250 days.

In 05 i bought a dodge caravan they let me charge $2000
last year i bought a pontiac and they let me charge $1500 i believe

I bought 3 motorcycles over the course of 4 years on credit cards.

I bought my wife a new Honda Civic last year and they let us charge $5000.

We purchased a (used) Jaguar from a Nissan dealer, and yes, we paid 100% on a credit card (Citibank AA). So for our total purchase price of just over 29,000, incl. TTL, we also received 29,000 miles. My husband asked the dealership if they would take a CC, and they said yes. Two days later, we get a phone call from a "manager" asking us who told us it was OK to pay with a CC (our answer, well, DUH, someone on your staff).

So, you may get lucky, and get a dealership that hasn't even dreamed of this scenario.

BTW, yes, we paid it in full. We had already arranged for financing through our credit union. The CC was simply "interim"<img src="i/expressions/face-icon-small-wink.gif" border=0>

I charged 5k on my camry and 3k on my corolla as down....they wont allow me to do more than that

when i bought my 2006 hybrid back in july 2005 for msrp, they gladly accepted my credit card for the full amount.



Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.

Thanks for visiting FatWallet.com. Join for free to remove this ad.

TRUSTe online privacy certification

While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2014