Tips on Buying Cars: purchase a used car w/credit card, profit margins, company charges


Question
can you purchase a used car with a credit caed?

Answer
Yes, but it is up to the dealership if they want to accept it.  Profit margins are so thin on the sales side of most dealerships that few will accept a credit card for the full purchase because of the costs involved (the credit-card company charges 2-4% of the sales price as their fee).  Nearly any dealership will let you put a deposit on a credit card, or even allow you to put a portion of the final payment on one, but most dealers won't let you charge the entire vehicle.  I've even seen this sign on the front door of some dealerships:

"While our service department will accept your credit card for payment of a repair invoice, our sales department does not take credit cards in the transaction of a vehicle sale."