Buying a car getting miles (merged threads)
Sep 22, 2013 | 3:22 pm
#181
Join Date: Sep 2013
Posts: 4
I bought a car online - they took a 1k CC deposit. They didn't want to take more but I didn't really press them too hard - used a cashiers check for the rest of the DP and pre-approved financing for the rest. I did get outside financing for ~20 months rather than pay cash so I have the flexibility to pay utilizing manufactured spending techniques (VR, etc) to make the monthly payments or simply pay from my bank account. Works well since I'm able to hit spending minimums on new cards and not simply load up an existing card and further bolster my credit with an installment loan. No reason not to IMO with interest rates so low (and other investment opportunities)
Last edited by kNearestNeighbor; Sep 22, 2013 at 3:28 pm
Sep 22, 2013 | 8:45 pm
#182
Join Date: May 2012
Location: Dirty Jersey
Programs: United 1K
Posts: 148
Every dealer I have been to will take a deposit and up to 5k on a CC. that's it. and I pay the rest off with a check
Regardless if you are planning to pay it off at once, they still would not take it. They actually prefer if you finance.
Regardless if you are planning to pay it off at once, they still would not take it. They actually prefer if you finance.
Sep 22, 2013 | 9:50 pm
#183
Join Date: Jun 2011
Location: Flyover Territory
Programs: Hilton Diamond
Posts: 688
$5000
We bought a new Lexus in May, and the dealer allowed $5000 on credit card and another $5000 on debit card. Worked great for us as we have the Suntrust Delta card.
For the balance due, I took out a loan and am paying it off in large lumps over about 6 months via Bluebird.
For the balance due, I took out a loan and am paying it off in large lumps over about 6 months via Bluebird.
Sep 23, 2013 | 6:37 pm
#184
Join Date: Apr 2013
Posts: 51
Got a used Tucson a few months back and paid 3k on CC then financed the rest so I can pay off with Bluebird. This has been very helpful in meetin multiple min spend requirements. In my mind, I'm getting more than the cost of the car in airline tickets and hotels.....does that count as a free car?!
Last edited by seth7467; Sep 24, 2013 at 8:01 pm
Sep 23, 2013 | 6:52 pm
#185
Join Date: May 2013
Location: Austin, TX
Programs: AA ExPlat, UA Silver, Marriott Lifetime Gold
Posts: 715
Got a used Tucson a few months back and paid 3k on CC then financed the rest so I can pay off with Bluebird. This has been very helpful in meetin multiple min spend requirements. In my mind, I'm getting more than the cost of the car in airline tickets and hotels.....does that count as a free car?!