Can I make a lease payment with a credit card?

richtorr · 03-13-2009, 10:41 AM

Quote:

Originally Posted by methodtim

Dude...

oh tim come on!

richtorr · 03-13-2009, 10:42 AM

Quote:

Originally Posted by noro

And the best part, she used to be a man!

you guys are the best i swear!

I335 · 03-13-2009, 10:49 AM

There is a way around this though as you can use a credit card to make your deposit or down payment. Just make the down payment $30K...

v12 · 03-13-2009, 10:52 AM

It's like pre-paying the lease. You get the credit card points to see once that month's statement closes. Then you pay the credit card balance off every month.

But that's too risky: what if the car gets totalled?

EDK99 · 03-13-2009, 11:04 AM

Quote:

Originally Posted by I335

There is a way around this though as you can use a credit card to make your deposit or down payment. Just make the down payment $30K...

You can't put a 30k deposit or down payment on a credit card. My dealer will only do 1 or 2k for a deposit or down payment on a credit card and even a debit card for that fact.

Morpheus · 03-13-2009, 06:05 PM

Quote:

Originally Posted by BK

Did anyone noticed if you can has use credit card?

I wish I could have put my car payment on my credit card this whole time. Hell, I'd put my house payment on it if I could. Unfortunately, I can't do either. So be it.

That's why the country is in the shape it's in. People paying FOR credit WITH more credit.

methodtim · 03-13-2009, 06:07 PM

Quote:

Originally Posted by richtorr

oh tim come on!

If the shoe fits...

CubanJJ09 · 03-13-2009, 07:07 PM

Quote:

Originally Posted by DELTA BMW

Oh good damn. Now this is going to be a 5 - 10 page thread on a really simple question?

The answer is NO. Get over it and move on to another thread. I dont care if your airplane miles will get you to visit limited_slip's wife 5x more next year or not.

well since this thread is worthless after the first 5 posts ill

. where is this epic limited_slip thread? tried to search but didnt find it

methodtim · 03-13-2009, 09:04 PM

Quote:

Originally Posted by CubanJJ09

well since this thread is worthless after the first 5 posts ill

. where is this epic limited_slip thread? tried to search but didnt find it

It got deleted and I think he got banned. Don't feel bad, I missed out on the fun too.

BK · 03-13-2009, 10:21 PM

Quote:

Originally Posted by Morpheus

That's why the country is in the shape it's in. People paying FOR credit WITH more credit.

Well in my case (and I'm guessing the OP's) it would be to get the reward points. Use the credit card for everything + pay it off each month = you're better off than paying cash initially.

CubanJJ09 · 03-13-2009, 10:44 PM

Quote:

Originally Posted by methodtim

It got deleted and I think he got banned. Don't feel bad, I missed out on the fun too.

damn

MikeLogan · 05-03-2009, 08:26 AM

Quote:

Originally Posted by I335

There is a way around this though as you can use a credit card to make your deposit or down payment. Just make the down payment $30K...

Your dealer processes your credit card for the down payment...your payments are most likely through BMWFS, which does not process credit cards...

I bet there's a way to use paypal. You can pay yourself the monthly payment through your credit card, then transfer it to your checking account, then pay your car payment with it......

1) You may get significant fees through paypal
2) You may get in trouble with your CC company if they figure things out, because you're technically doing a cash advance, at a credit purchase rate...

I guess if you were in a financial emergency, that would be a way to help you out for a month....but not a permanent solution to get points..

DocYahoo · 05-03-2009, 02:05 PM

You can't paid for a secured debt (you car is the security) with an unsecured debt.

NoMods · 05-03-2009, 02:45 PM

Quote:

Originally Posted by noro

...maybe you're too cheap trying to get points over your monthly payments.

A contract is a contact, they are not asking you to pay an extra 1-3% are they? And if they did I am sure you would be less than happy.

John 070 · 05-03-2009, 03:01 PM

Hilarious thread as many are. It really is amazing though not only does leasing make the monthly payment smaller i.e. benefit cash flow, but some would rid themselves of those payments as well by putting on a cc if possible. Can you imagine actually paying nothing every month but enjoying a fine automobile? Ponzi would be proud!

John 070 · 05-03-2009, 03:05 PM

Quote:

Originally Posted by EK_335i

You can't put a 30k deposit or down payment on a credit card. My dealer will only do 1 or 2k for a deposit or down payment on a credit card and even a debit card for that fact.

Yep, I put a $500 deposit and another 2k, that was all they allowed.

The notion that we never actually have to pay for anything in full is something that has proliferated in my lifetime. How many times has someone in the office say they got a new car and it only cost them < $100 more than the old car? Just that the old car had 2 years left and they just pushed the loan out another 5 years.

Quasimodem · 05-03-2009, 03:22 PM

Just use a convenience check, you can even write it to yourself in the amount of a payment or two and then send BMWFS personal checks from the same account.

Cookiemonster · 05-20-2009, 02:48 PM

Quote:

Originally Posted by blue2fire

Nice, points are cool but not worth this f****** thread. Amex for instance gives you $50 back for (nearly) every $5000 you spend, i can do without that 1%. Plainly, they are not something to think about but something to be pleasantly surprised of once in a while.

Amex Blue card gives back 5% once you spend over 5000 for that calender year.....5% is big

tke344 · 05-22-2009, 02:50 PM

Quote:

Originally Posted by Cookiemonster

Amex Blue card gives back 5% once you spend over 5000 for that calender year.....5% is big

The 5% is only on gas and groceries/drug stores, you get 1.5% on everything else.. still good but a lot less than 5%

dannygenio · 05-22-2009, 03:05 PM

I see a lot cheap BMW owners these days....CHeAP WHORES

Peter@VMRWheels · 05-24-2009, 08:16 PM

Probably no real point for balance transferring a lease payment because you don't really save on interest... but if you have a 7% APR loan, it is entirely possible for people to balance transfer them onto 0% credit cards. Of course, do it for saving money, not to overstretch yourself.

03-13-2009, 10:49 AM	#25
I335 Brigadier General 123 Rep 4,249 Posts Drives: '08 335i Coupe Join Date: Jan 2008 Location: New England iTrader: (11)	There is a way around this though as you can use a credit card to make your deposit or down payment. Just make the down payment $30K...
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03-13-2009, 10:52 AM	#26
v12 Banned 115 Rep 653 Posts Drives: F10 Join Date: Feb 2009 Location: Manhattan iTrader: (0)	It's like pre-paying the lease. You get the credit card points to see once that month's statement closes. Then you pay the credit card balance off every month. But that's too risky: what if the car gets totalled?
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05-03-2009, 02:05 PM	#35
DocYahoo Private 8 Rep 76 Posts Drives: 335i Join Date: Jun 2006 Location: OC, CA iTrader: (0)	You can't paid for a secured debt (you car is the security) with an unsecured debt.
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05-03-2009, 03:01 PM	#37
John 070 Lieutenant General 1705 Rep 14,829 Posts Drives: 335i cpe Join Date: Oct 2006 Location: ZSP/ZPP/ZCW iTrader: (0)	Hilarious thread as many are. It really is amazing though not only does leasing make the monthly payment smaller i.e. benefit cash flow, but some would rid themselves of those payments as well by putting on a cc if possible. Can you imagine actually paying nothing every month but enjoying a fine automobile? Ponzi would be proud!
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05-03-2009, 03:22 PM	#39
Quasimodem Colonel 145 Rep 2,383 Posts Drives: 335d Join Date: Oct 2008 Location: California iTrader: (0) Garage List 2009 335d US [0.00]	Just use a convenience check, you can even write it to yourself in the amount of a payment or two and then send BMWFS personal checks from the same account.
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05-22-2009, 03:05 PM	#42
dannygenio Banned 6 Rep 567 Posts Drives: 2008 E92 Flaming Red Join Date: Feb 2009 Location: Philly iTrader: (0)	I see a lot cheap BMW owners these days....CHeAP WHORES
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05-24-2009, 08:16 PM	#43
Peter@VMRWheels BimmerPost Supporting Vendor 93 Rep 685 Posts Drives: P85D Join Date: Mar 2009 Location: Irvine, CA iTrader: (0)	Probably no real point for balance transferring a lease payment because you don't really save on interest... but if you have a 7% APR loan, it is entirely possible for people to balance transfer them onto 0% credit cards. Of course, do it for saving money, not to overstretch yourself.
	Appreciate 0 Quote