Can you buy a new car with a credit card?
Not quite! The only thing my Lexus car dealer let me put on my credit card the last time i purchased a new car was the tax. The rest of the amount had to be paid by other means. Anycase, putting $3000 on my credit card earned me miles and also enabled me to defer spending $3000 for another 30 days. I have never heard of a car dealer allowing anyone to put the whole car on a credit card. If you have, would love to hear your story. Also, the car dealer rater give you a car loan himself (via his loan provider) than have you benefit the credit card companies. The biggest motivation for the dealer to do this is of course that fact that the car dealer has to pay the credit card companies 2.5% of the amount just to provide you a convenience of enabling you to pay by your plastic. That is money right out of the car dealers pocket. Bottom line is that its worth asking the dealer what he/she is ready to do. In today’s economic times many car dealers are ready to go the extra mile to close the sale. Good luck!


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