Can you purchase a new vehicle with amex credit card?
01-18-2008 | 03:09 PM
#1
Thread Starter
Racer
Joined: Jan 2005
Posts: 451
Likes: 0
From: West Hartford, CT
Can you purchase a new vehicle with amex credit card?
I have amex blue cash with 15 month 0% APR, and I was thinking what it be possible for a person to walk to a dealership and purchase a new vehicle and charge it on his/her credit card.
Assuming the person has the money to pay off the car at the time of purchase, it would be wise to take advantage of the 0% APR to get some good interest cumulating at the bank.
At 5.10 APY saving, $30000 would turn into $32000, it'd be a very good saving.
Has anyone done this before?
Assuming the person has the money to pay off the car at the time of purchase, it would be wise to take advantage of the 0% APR to get some good interest cumulating at the bank.
At 5.10 APY saving, $30000 would turn into $32000, it'd be a very good saving.
Has anyone done this before?
01-19-2008 | 08:37 AM
#2
Senior Moderator
Joined: Mar 2003
Posts: 15,295
Likes: 131
From: IL
I have never done a whole car, but I and my family have done down payments on credit cards. Some dealers, limit how much you can charge on a credit card, so I'd look into that as well before plopping down a card at the finance guy.
01-19-2008 | 02:01 PM
#3
is learning to moonwalk i
Joined: Feb 2004
Posts: 15,520
Likes: 3
From: SoCal
Originally Posted by cTLgo
I have never done a whole car, but I and my family have done down payments on credit cards. Some dealers, limit how much you can charge on a credit card, so I'd look into that as well before plopping down a card at the finance guy.
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