The need to own a car may be one reason to make your credit card an option to purchase. Using your card as a car credit card will not always be a good option for paying the down payment or monthly loan amortizations. But if your need for mobility is urgent and you’re short of immediate cash to give out as a down payment, then using your credit card may be considered as an alternative payment. For a fact, not all car dealers accept credit cards as payment for reasons of being charged with some fees, which sometimes they cannot chargeback to their clients.
For a car credit card to materialize as a means of purchasing a car, your credit limit must be enough to afford the down payment or as monthly loan payments should the card be used for the monthly amortization. Since not all car dealers accept credit card options, ask for recommendations and suggestions from your friends who may have been into the same situation regarding the technicalities in using a credit card as payment for car purchases. It will be a good idea to inquire with your credit card company about the paying and purchase limitations of your card.
When you have already assessed the car that you want, finding the right car dealer who accepts a car credit card as an option for payment will be the next step. Browsing online will show quite several car dealers and even financing companies who may accept a card credit card. Make a personal inquiry, ask for the terms of payments, and get sample quotations if possible. Get into two or three dealers where you can compare their policies for payment options on the car credit card. A thorough evaluation and comparison will yield better chances of getting into the right deal, which will maximize your payment options.
