FlyerTalk Forums - View Single Post - Buy a car with a credit card?
View Single Post
Old Jul 3, 2006 | 11:02 pm
  #5  
ContinentalFan
FlyerTalk Evangelist
50 Countries Visited
5M
100 Nights
20 Years on Site
 
Join Date: Apr 2006
Location: Los Angeles, California
Programs: United LT-GS, AA LT-Plat, Hyatt LT-Globalist, Hilton LT-Diamond, Marriott LT-Titanium, Hertz PC
Posts: 15,655
Originally Posted by yolers
a former co-worker of mine bought his car with a credit card. I don't know what he had to go through to do it but interesting concept and a good way to earn ALOT of miles at once.
A brave dealer sold that car! Aside from the transaction cost to the dealer, there's the risk of different consumer protection laws kicking in! I'd say that unless you have a permanent, low interest rate on that card, the card is associated with a margin account at a brokerage, or you plan to pay the card off immediately, the dealer probably got the better part of the deal!
ContinentalFan is offline