What does a car dealer pay?
Jul 7, 2002 | 7:33 pm
#16
Join Date: Apr 2000
Location: Phila Delta ex-PM, ex-UA-PE
Posts: 2,665
I purchased a new Toyota last November, all they let me pay with CC was $2000 as a deposit. However I had a Lojack unit installed by the dealer, and that I had written up as a separate purchase which I paid via CC. I assume any dealer installed option could be charged to a credit card, which could be a way to exceed any CC purchase limit.
Jeff
Jeff
Jul 7, 2002 | 9:11 pm
#17
Original Member, Moderator: Hotel Deals and MilesBuzz
Join Date: May 1998
Location: Washington, DC
Posts: 14,291
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by clanson:
One of the main reasons car dealers are reluctant to accept credit cards for cars has nothing to do with the discount rate but is related to the recourse the card holder has with the help of the credit card company if he/she is unhappy with their purchase.</font>
One of the main reasons car dealers are reluctant to accept credit cards for cars has nothing to do with the discount rate but is related to the recourse the card holder has with the help of the credit card company if he/she is unhappy with their purchase.</font>
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