Can I buy a new car with a Credit Card?

**ua_guy** · 02-03-2015, 12:28 PM

It's going to be up to the dealer. Chances are, they aren't going to do it unless you pay them the transaction fee in addition, and even then, maybe not...

I purchased a motorcycle on a credit card from a dealer, but the bike was only $2500 or so. The title went straight to me, and I got 6 months free financing on the credit card. Paid it off the next month.

**Drake3287** · 02-03-2015, 01:17 PM

I remember someone telling me years ago that if a business has a credit card contract with Visa or one of the other companies then they can't put any additional rules on using a card. For example some places will tell you they have a minimum charge amount for using a card, I know this is illegal but some places do it so I thought maybe the high end of a purchase would be the same.

**adpiterp** · 02-03-2015, 01:53 PM

I would think it is up to the dealership to make an exception for you using a credit card. As you stated, they do get hit with the transaction fee, so I assume many of them will not do it unless they are really desperate to get you out the door with a purchase.

That being said - my sister was able to negotiate buying her most recent car with a credit card to get the points (and paying the bill in full when it came). The floor manager was obviously very unhappy about it (and made it known), but they had already been there ALL morning and the dealership just wanted (needed?) the sale. So it can happen!

(For reference, this was about 4 months ago in the DC-metro area, not sure if that is helpful or not.)

**jeffrey** · 02-03-2015, 04:56 PM

Most car dealerships won't accept because it eats into their profits and poses a chargeback risk: http://www.savingadvice.com/articles...edit-card.html

If they do allow you to use it, you're likely paying more for the car than you should be paying.

**scfr** · 02-03-2015, 05:19 PM

As others have said, it depends on the dealership. They may let you put part of the purchase price on a credit card. Wait until the end of the discussion, after the price has been decided, and then ask if you can put some on your cc. When we bought our car we put $5K on our cc for the cash back reward (paid it off in full when the bill came). But rarely has a dealership been more motivated to make a sale than when we bought our car.

**ashleyjohn** · 02-03-2015, 11:18 PM

It will probably cost you much more interest rate. I would recommend you to visit a credit union for your auto loan. My suggestion would be Greater Central Texas Federal Credit Union.

**Reggie** · 02-04-2015, 04:35 AM

Each dealership has a limit on the amount you can apply to a credit card. My husband bout a new GMC truck last year, they allowed $3k on the card and wanted a cashiers check for the rest. My 370, they allowed $2500 on a card and the rest a personal check. Just ask what the limit is that they will allow after you negotiate the final purchase price.

**feh** · 02-04-2015, 06:04 AM

Another "it's up to the dealership" here.

Last time I bought a car (for cash), they offered to let me charge up to $2000 of the price on a CC.

You gotta realize - the dealership gets charged a fee for CC transactions. They aren't gonna just eat that money.

**Drake3287** · 02-05-2015, 09:02 AM

Thanks for the info. I guess I'll just wait until I make the full payment in the finance office and see what they say. If the dealer is a jerk I wouldn't have a problem dropping the credit card on them but if for some reason I have a good dealer experience then I might feel a little bad in taking advantage of them. Still trying to figure out which vehicle to purchase.

Can I buy a new car with a Credit Card?