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Old 08-26-2013, 12:03 PM   #1
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Should I charge my new 2014 Jeep on Visa?

Does anyone have an opinion regarding paying for my new 2014 jeep via my Visa credit card? I have a $30,000.00 limit available. I already know that the dealer must accept it because I researched the Visa Merchant agreement which states that a merchant will violate that agreement if they prohibit any dollar amount from a penny to the limit on the card. Since I bought the Jeep at dealer invoice, was given half of the dealer holdback, dealer deducted the doc fee and gave us more for our trade in than bluebook value my husband feels that this is enough and that it would be ruthless for us to also charge the vehicle (giving us $300.00 in reward points from Visa) but costing the dealership $600.00 (2%) in fees. We would of course pay off the Visa within the month so that we incur no finance fee. I could also offer the dealership cash if they kick me back $300.00 and save them $300.00 of the Visa fee. My husband says I am going in for the kill and so I guess I won't charge it. What do you all think. I don't want to be immoral. Also I thought it was quite decent that the dealer only charged us a down payment of $100.00.

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Old 08-26-2013, 12:14 PM   #2
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Man, that is a first world problem if ever i heard one.

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Old 08-26-2013, 12:21 PM   #3
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My dealer had a $2k policy limit on credit cards. Sure, it probably violates their charge card contract (it's not illegal), but what are you going to do? Force them to accept your card and never show your face in there again?

You can always ask.
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Old 08-26-2013, 12:49 PM   #4
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You said you will pay card off in a month so no fees. Why not just pay cash for the jeep? Offer them a few grand under sticker and buy from the first dealer that takes your cash offer.
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Old 08-26-2013, 12:55 PM   #5
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Wow.
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Old 08-26-2013, 01:07 PM   #6
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I am with the OP. If you are going to pay it off use the credit card. I bought a harley and put it on my credit card, only to get a loan from a credit union and pay off the balance. If you are responsible enough to make wise purchases and pay them off before interest hits, paying with a credit card is a big advantage. Its like a 1-3% sale on everything I buy. The only bad thing is you have to be committed to paying off the credit card each month!
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Old 08-26-2013, 01:15 PM   #7
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I have enough problems. But I sure wouldn't mind that one!


Go in for the kill. Why not? That has always been car dealers' policy for decades.
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Old 08-26-2013, 01:16 PM   #8
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The dealership that I work at does not allow I believe more than 2,000 to be used on a credit card. That is usually when its only a down-payment. If you're paying the entire balance I'm
not sure how it would pan out.
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Old 08-26-2013, 08:36 PM   #9
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Live large - go for it.
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Old 08-26-2013, 10:08 PM   #10
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Quote:
Originally Posted by tmcd94 View Post
The dealership that I work at does not allow I believe more than 2,000 to be used on a credit card. That is usually when its only a down-payment. If you're paying the entire balance I'm
not sure how it would pan out.
I put a down payment using the credit card. I tried to out the whole purchase on the credit card but the dealer wouldn't let me due to the charges applied by the credit card company.

My experience was not successful.

Thankfully there is no penalty to paying off the not early.

YMMV but the most I have heard of being used on a credit card is around $15k but the final price was not that great, I.e. the dealership was making a decent profit so eating a 2-3% charge was not a deal breaker.
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Old 08-26-2013, 10:13 PM   #11
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Go for it. NO dealers will be to worried about breaking the agreement with Visa. Visa is pretty slack about stuff because basically they lose money should they get rid of the vendor.

Also there is the possibility that the dealer set up with a flat fee per purchase. Generally you have two options when you set up your account. One is the percentage of sale and the other is the flat fee per ticket. A place like a dealership i would think would go with the flat fee as the tickets are usually pretty large.
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Old 08-27-2013, 12:33 AM   #12
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I sold cars for years ! Don't think you're getting the best of them. Get the deal you're happy with and go with it. They are still making $ in units far more than you are taking them for, no matter what the deal.
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Old 08-30-2013, 06:34 PM   #13
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My Dealer would only allow me to pay up to $2000 on my Visa. I would have charged a lot more to get the points if they would have let me.

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