Using credit card as down payment?

kingjod123 · 10-29-2006, 10:11 AM

Quote:

Originally Posted by jacksonjw81

Why though? Your APR is probably more then what your car loan APR is.

A lot of charge/credit card programs have some sort of give back mechanism. For example, I have 1 visa credit card sposored by Marriott Rewards - for every $1 i spend I get one or three (at the hotels) MR points. Its an easy way to rack up free nights. I also have an AMEX charge card and earn points every time I make a charged purchase.

I pay the balance of both cards at the end of every month.

I actually tried to buy my car on the platinum Amex to earn mega points. The dealership only accepted up to $3k on the card though.

cburton · 10-31-2006, 01:05 PM

The Dealer was only going to let me charge 3K but after indicating I wanted to buy the extended maintenance they let me charge the cost of that also. More American miles for me.

nyc3r · 10-31-2006, 01:15 PM

I put 2500 on my credit card as deposit. They charged the card, no problem.

Traceaz · 10-31-2006, 06:40 PM

My dealer said 5k max. I did just 2k.

10-31-2006, 01:05 PM	#24
cburton Private First Class 9 Rep 133 Posts Drives: 09 E90 M3 Join Date: May 2006 Location: Larkspur, CA iTrader: (2)	The Dealer was only going to let me charge 3K but after indicating I wanted to buy the extended maintenance they let me charge the cost of that also. More American miles for me.
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10-31-2006, 01:15 PM	#25
nyc3r Colonel 112 Rep 2,589 Posts Drives: E90 Join Date: Jun 2006 Location: USA iTrader: (24)	I put 2500 on my credit card as deposit. They charged the card, no problem.
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10-31-2006, 06:40 PM	#26
Traceaz First Lieutenant 21 Rep 341 Posts Drives: 2019 BMW M550i Join Date: Oct 2005 Location: Los Angeles, CA iTrader: (0) Garage List 2007 BMW 335i coupe [0.00]	My dealer said 5k max. I did just 2k.
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