Can You Buy A Car With A Credit Card

Instead of doing a bunch of loan paperwork waiting for credit approval and going to the bank to get a check you simply plop down the card drive away in your new car and watch your credit card rewards pile up. Let s say you ve diligently saved your money and have the cash on hand to buy a new or new to you vehicle. And that is dependent upon which rewards mean most to you cash back from a cash back card airline miles from a travel rewards card or some other incentive.

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You should buy a car with a credit card only if you find a dealership that accepts credit and you can fully pay off the charged amount before interest kicks in.

Can you buy a car with a credit card. You want to use the card that will give you the most useful rewards. Pay the down payment in cash and pay the monthly amortization using your credit card assuming you re buying brand new car. The card you choose to use for your car purchase is essential. Credit cards aside be sure to consider the amount of cash you can put toward the car now and or your ability to pay for the car over time depending on which payment method you re using.

Some companies selling pre owned cars are also accepting credit cards not only for the down payment but also for the monthly amortization. Now all that s left is deciding which card to use no easy task given all the options. You ve checked that the dealer you wish to use accepts credit cards and you know exactly which car you want to buy. Buying a car with a credit card can be an excellent opportunity to earn tons of bonus points or to hit spending thresholds that unlock rewards like free night awards.

As with any purchase you give the salesperson your card and then sign when and where you need to make the vehicle legally yours. But not every dealer will accept credit cards and those who do will charge you more to cover their card processing fees. The idea of buying your new car with a credit card seems cut and dry. Buying a car with a credit card seems like an awesome idea.

Otherwise you ll find yourself paying quite a bit of money in interest for rewards that are significantly inferior in value to their added cost. The best credit cards for buying a car. If you re not certain that you ll be able to pay for the car before an intro apr period ends then you re probably better off not using a credit card.