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Thread: Big ticket CC purchases - for someone else?
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Old Sep 1, 2003 | 1:02 am
  #32  
dgordon
 
Join Date: Apr 1999
Location: Oak Park, IL
Programs: AA 2 MM LIfetime Platinum, SPG Platinum, Hilton Silver, BA
Posts: 3,585
A year and a half ago I bought my Toyota Prius with my AMEX. Since the car was Prix fix, I went from dealer to dealer letting them know I was interested in Prius and would they accept payment in full. Only 1 dealership was willing. The others let me walk out. So it depends on the dealership - obviously some were willing to lose the sale and would not negotiate, and one wanted the sale enough to say yes right away. I got AMEX to raise my credit line enough to cover the transaction (made $1000 deposit when I ordered the car). So it really does depend on the dealership. AMEX never asked for proof that the car was for me. I think it would take more than $35K for the IRS to think you were not reporting income. If you were audited, they could easily see what you did. People lend people money all the time by making charges on their credit cards - even when miles are not a benefit.

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Ms.DtG
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