Do dealers accept credit cards for downpayment?

[Soylent]

I'm thinking I might be short a few hundred dollars for my target down payment. Do dealers take credit cards to charge a downpayment? Or is it cash only?

[eagle33199]

When i got mine, the dealer accepted the credit card for the down payment (i think it was like $1000), but not for the whole thing (they said the fees the CC company charges them would completely eat away their profits)

but then again, that was just the "i want the car, see what you can do" down payment. i then paid for the entire thing upon delivery.

[mbutterfield]

That depends on your personal credit status, existing debt load, and the lender you are using. Each situation is unique, but except in borderline credit situations, most dealers should accept a CC as tender.

[ttayloriii]

<div class='quotetop'>QUOTE(GadgetHead @ Aug 10 2006, 11:58 AM) [snapback]300897[/snapback]</div>

That depends on your personal credit status, existing debt load, and the lender you are using. Each situation is unique, but except in borderline credit situations, most dealers should accept a CC as tender.
[/b]

I was able to use cc for $2K plus the extended warranty. I think there is a problem with many of the cc companies offering extended warranties for products you purchase with their cards...

[mike_m]

You bet they do. I put 10K on my Amex to get the points. They said nothing about it. I wish they would have told me that it eats away their profits, because would have wrote them a check.........NOT!

[philwojo]

Your best bet is to call the dealer you are going to work with and ask them, each one will be different.

Phil

[ohgreys]

Depends on the dealer. My dealer doesn't accept CCs for deposits.

[Soylent]

Thanks for the replies, guys. I took your advice and called, they say they can take credit charge up to $3,000. Maybe a state law prohibits anything higher.

Well...this is the first step! I've officially ordered my silver package 3, with factory tints!

[Sufferin' Prius Envy]

<div class='quotetop'>QUOTE(ttaylor @ Aug 10 2006, 10:01 AM) [snapback]300901[/snapback]</div>

I was able to use cc for $2K plus the extended warranty. I think there is a problem with many of the cc companies offering extended warranties for products you purchase with their cards...[/b]

Time to read the fine print if you think credit card Purchase Security programs are going to do you much good.

If it is not an excluded item, then you must make the entire purchase on the credit card, the benefit is usually limited to 90 days, and a $500 maximum payout.

THIS FROM VISA:
What items are not covered?
Boats, automobiles, aircraft, and any other motorized vehicles and their motors, equipment, or accessories, including trailers and other items that can be towed by or attached to any motorized vehicle.
http://www.usa.visa.com/personal/cards/ben...ervice#anchor_9


It is up to the individual dealer if they wish to accept a credit card for the purchase of a car.

[BenR]

<div class='quotetop'>QUOTE(Soylent @ Aug 10 2006, 12:45 PM) [snapback]300879[/snapback]</div>

I'm thinking I might be short a few hundred dollars for my target down payment. Do dealers take credit cards to charge a downpayment? Or is it cash only?
[/b]

I used a credit card for a $500 deposit, which counted toward the downpayment. The salesman said I could use the card to pay as much up front as I wanted. I went with cash for the rest. He also made sure to gripe about the percentage the dealership has to pay for transactions by credit card. I really felt sorry for him. Yeah.