I Have To Buy A Car
Oct 15, 2007 | 3:22 pm
#1
Original Poster
Join Date: Jun 2006
Location: Boston, MA
Posts: 35
I Have To Buy A Car
I have to buy a new car within the next couple of months, and I'm trying to think of the best way I can exploit that for miles. Would the best way be, take out an AA credit card (get 20,000 miles with first purchase), get 10,000 bonus miles with first purchase of $10,000 or more (the car), have the money for the car set aside, and get 16,000 miles with the purchase of the car? That would be 46,000 miles right there, enough for an off-peak flight to Europe.
Does this all make sense or am I missing something? Would there be a better way?
Does this all make sense or am I missing something? Would there be a better way?
Oct 15, 2007 | 3:25 pm
#2
FlyerTalk Evangelist
Join Date: Sep 2003
Location: HH Diamond, Marriott, IHG, Hyatt something
Posts: 34,516
I have to buy a new car within the next couple of months, and I'm trying to think of the best way I can exploit that for miles. Would the best way be, take out an AA credit card (get 20,000 miles with first purchase), get 10,000 bonus miles with first purchase of $10,000 or more (the car), have the money for the car set aside, and get 16,000 miles with the purchase of the car? That would be 46,000 miles right there, enough for an off-peak flight to Europe.
Does this all make sense or am I missing something? Would there be a better way?
Does this all make sense or am I missing something? Would there be a better way?
Oct 15, 2007 | 3:33 pm
#3
Join Date: Jan 2006
Location: ELP
Programs: AA EXP/LT PLAT, Marriott Titanium/LT PLAT
Posts: 4,140
1) Good credit vs bad
2) No down, or a good amt down
3) Upside down on your trade in
To the OP -- make sure you know your credit, your trade in value and so forth. YOu can charge as much as you want on your card, but be prepared to pay the credit card transaction fee.
Oct 15, 2007 | 3:54 pm
#5
Join Date: Jan 2006
Location: ELP
Programs: AA EXP/LT PLAT, Marriott Titanium/LT PLAT
Posts: 4,140
so bascially you are paying for the car in cash (credit card technically), but you will have no payments.
If your credit limit is not that high on your card, talk to your card issuer and ask them to temporarily increase your credit. Just sending the money to them up front does not gaurantee an approved transaction.
The dealership will probably charge a transaction fee and you can negotiate that also,...maybe you for 50% and he pays for 50%.
Just be creative !!
If your credit limit is not that high on your card, talk to your card issuer and ask them to temporarily increase your credit. Just sending the money to them up front does not gaurantee an approved transaction.
The dealership will probably charge a transaction fee and you can negotiate that also,...maybe you for 50% and he pays for 50%.
Just be creative !!
Oct 15, 2007 | 3:57 pm
#6
FlyerTalk Evangelist
Join Date: Sep 2003
Location: HH Diamond, Marriott, IHG, Hyatt something
Posts: 34,516
that all depneds on what your negotiating position is, for example:
1) Good credit vs bad
2) No down, or a good amt down
3) Upside down on your trade in
To the OP -- make sure you know your credit, your trade in value and so forth. YOu can charge as much as you want on your card, but be prepared to pay the credit card transaction fee.
1) Good credit vs bad
2) No down, or a good amt down
3) Upside down on your trade in
To the OP -- make sure you know your credit, your trade in value and so forth. YOu can charge as much as you want on your card, but be prepared to pay the credit card transaction fee.
Oct 15, 2007 | 6:31 pm
#8
Join Date: Feb 2007
Programs: AMEX, Hyatt, AA
Posts: 161
As stated, I believe that if they accept credit cards at all, they are cannot put a max amount. I've never pushed to get this, though.
Oct 15, 2007 | 6:46 pm
#9
Join Date: Jan 2006
Location: ELP
Programs: AA EXP/LT PLAT, Marriott Titanium/LT PLAT
Posts: 4,140
Huh? If they accept credit cards, then there should be no minimum or maximum that you can charge. I would certainly not pay extra for using a card. If the OP reads the existing thread, I think it will help them to have complete knowledge. In particular, I would negotiate the best price, and then pay with a card, not say, "Oh, I'm trying to use my credit card to pay". They'll then add that into their bottom line, and won't get the same price.
1) Mercedes has a max limit of 10k
2) Ford/GM have a lower limit of 3.5 - 5k
so, it all depends on your delearship....I bought a used 350Z Nissan for 25k ...paid in full by CC (and it was a delearship from a old friend so they only charge me 0.05% but they charge others 1.2%).
Oct 15, 2007 | 7:21 pm
#10
Suspended
Join Date: Sep 2007
Posts: 1,275
Because of the credit card fees, many dealers will not let you use a credit card for the full payment. However, maybe you can ask to pay a larger deposit. For example, instead of $1,000 (which I did), try $3,000 or even $5,000.
Oct 15, 2007 | 7:26 pm
#11
Join Date: May 2004
Location: Home
Programs: AA, Delta, UA & thanks to FTers for my PC Gold!
Posts: 7,674
Oct 21, 2007 | 7:33 am
#14
Join Date: Oct 2007
Posts: 11
Huh? If they accept credit cards, then there should be no minimum or maximum that you can charge. I would certainly not pay extra for using a card. If the OP reads the existing thread, I think it will help them to have complete knowledge. In particular, I would negotiate the best price, and then pay with a card, not say, "Oh, I'm trying to use my credit card to pay". They'll then add that into their bottom line, and won't get the same price.
Oct 21, 2007 | 8:10 am
#15
FlyerTalk Evangelist
Join Date: Sep 2003
Location: HH Diamond, Marriott, IHG, Hyatt something
Posts: 34,516
they always charge a transaction after a certain amount...for example:
1) Mercedes has a max limit of 10k
2) Ford/GM have a lower limit of 3.5 - 5k
so, it all depends on your delearship....I bought a used 350Z Nissan for 25k ...paid in full by CC (and it was a delearship from a old friend so they only charge me 0.05% but they charge others 1.2%).
1) Mercedes has a max limit of 10k
2) Ford/GM have a lower limit of 3.5 - 5k
so, it all depends on your delearship....I bought a used 350Z Nissan for 25k ...paid in full by CC (and it was a delearship from a old friend so they only charge me 0.05% but they charge others 1.2%).
There *are* no limits in place, other than what is specified in the merchant agreement between the dealer and the credit card company. That's like saying that what is true at one gas station, is the same at another. Most merchant agreements state that you can not have a minimum charge, and most don't limit a maximum. I'd point you to the other thread, as this is just a rehash of what has been pointed out there.