buy a car with Credit Card???...anyone ever done it? - Saab General Bulletin Board - Saabnet.com
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buy a car with Credit Card???...anyone ever done it?
Posted by NateWI [Email] (more from NateWI) on Fri, 29 Sep 2006 08:44:02
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Not that I'm really considering it, but since i'm in the market for a slightly used 9-5 I've been looking at my financing options and everybody seems to be offering the close to the same int. rate ~ 7.5% for a "used dealer" purchase. Capitol One, my bank and a few other places I've looked. Obviously I'd perfer a CPO which will get me a much better rate.
Anyway, I was reviewing our latest Credit Card statement last night getting ready to pay it off and noticed that our %rate on purchases is 5.9%. I don't normally care/notice since we pay off our card with each statement thereby never accruing any interest.
Not that I'm really considering it, but since i've been researching, the thought did cross my mind to buy a car on the card for a lower rate. There are other issues which could arise which could make this a devestating idea, but interesting. (like missing a payment and having the rate spike!)
just curious
Nate
not a saaber...yet, but hopeful
posted by 12.164.208...
Posts in this Thread:
- buy a car with Credit Card???...anyone ever done it?, NateWI, Fri, 29 Sep 2006 08:44:02 <-- Viewing This Message
- AMEX, JohnB, Sun, 1 Oct 2006 16:47:54
- $5,000 limit....., Mike Lynch , Fri, 29 Sep 2006 13:26:41
- Re: I tried..., AeroDave, Fri, 29 Sep 2006 09:34:05
- Fixed or variable rate?, Caarl , Fri, 29 Sep 2006 09:01:09
- Some dealers have a limit on CC purchases, NateinAA, Fri, 29 Sep 2006 08:59:38
- Re: buy a car with Credit Card???...anyone ever done it, michael p, Fri, 29 Sep 2006 08:54:17
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