Can I buy a car with a credit card?

Guest: QikPass
Credit Expert (100+ Posts)
Post subject: Can I buy a car with a credit card?
Posted: Sun Mar 12, 2006 10:06 pm

Is there anything in cc agreements against doing a balance transfer from a car loan?
I see in of my cc agreements, they say u can transfer your high interest rate Credit cards to XYZ, but they dont stipulate whether u can use car loans also.
Can someone please advise.

Thanks.
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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Mar 12, 2006 10:48 pm

QikPass wrote:
Is there anything in cc agreements against doing a balance transfer from a car loan?
I see in of my cc agreements, they say u can transfer your high interest rate Credit cards to XYZ, but they dont stipulate whether u can use car loans also.
Can someone please advise.

Thanks.

All you need is an account number...a price to pay...and sometimes the payment address

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Guest: rapjunkie
Posted: Sun Mar 12, 2006 11:27 pm

You can always use BT checks too.

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Guest: Tigerdad101
Posted: Mon Mar 13, 2006 1:47 am

QikPass wrote:
Is there anything in cc agreements against doing a balance transfer from a car loan?


Apparently not. I aksed Chase Visa, Discover and Capital One MasterCard that exact question (just to be sure I was not violating the card agreements) and they all told me some version of "How you use the balance transfer checks we sent you is up to you." They could only handle direct transfers for other credit cards but the bottom line is that I used a balance transfer check to buy a Ford F-350 for 0% and then transferred that 0% loan to another credit card at 0% a month before it ran out. Now I have another 15 months of 0% and figure I'll likely have another offer for a similar rate/balance transfer before that runs out.

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Guest: TomfromCT
Posted: Mon Mar 13, 2006 7:51 am

we bought the entire truck from the dealer with a 4.9% check.

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Mon Mar 13, 2006 12:30 pm

2 SUV's (2005)

AMEX DELTA

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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Mon Mar 13, 2006 1:30 pm

Cool Mouse! For a mouse, you sure have a MIGHTY ROAR!

Wife and I put a 2004 Dodge Grand Caravan on my Discover Card for the cash back and then did a 0% balance transfer to MBNA. Worked nicely for us.

My latest adventure is buying a condo using several balance transfer offers. Polonius inspired me.
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