Motor dealers take credit cards?

irishguy

Just wondering would most motor dealers take credit card ?

Del2005

Doubt it. They'll take a CC for a deposit but not for buying a new/expensive car. The CC companies take too big a % for the dealers to still make money.

mikemac

They would for a service or something small.
But afaik the credit card company charges a percantage on every sale.

So it might be a small amount but say for a car worth 5k, they'd probably say no way. They'd lose too much
Bank draft solves all problems, they only cost €1.90

afatbollix

2.5% the cc companys change last time i check... and im sure the garage will charge you this...

irishguy

Taught they might. All those business's get charged to lodge cash/cheques/drafts and there is the hassle and cost of storing them. Just taught they would. Its a second hand car so its not that much. I might just put down a big deposit with the credit card.

afatbollix

lazer card is only 25 cent for a transaction so that might be better?

irishguy

Well I dont get charged for either (bank employee), but just needed a month or so extra grace instead of getting a car loan.

bazz26

anto-t wrote: »

lazer card is only 25 cent for a transaction so that might be better?

Most banks have a limit on debit cards too for security reasons.

Regarding the OP's question most garages will only accept a credit card as payment for a deposit. Cash and/or banker's draft is usually only accepted for the balance depending on the amount in question.

For servicing or repair work then it depends on the amount in question and the particular garage.

L1011

Its common practice in the US to take them, as the cash handling fees for that amount of cash can often outweigh the merchant fees on the card, however bank draft seems to be the desired choice here.

T J Hooker

I work in car sales and we take credit cards for full payment regardless of amount and we dont charge any fee nor any extra for it. If I remember correctly laser card is €1500 per day limit, some banks may vary though but I doubt by much.

dunkindonuts

T J Hooker wrote: »

I work in car sales and we take credit cards for full payment regardless of amount and we dont charge any fee nor any extra for it. If I remember correctly laser card is €1500 per day limit, some banks may vary though but I doubt by much.

Just imagine if you have an american express card and you buy a car with it.The amount of benifits you can get is crazy like holidays etc. I would love to get one.

Victor_M

dunkindonuts wrote: »

Just imagine if you have an american express card and you buy a car with it.The amount of benifits you can get is crazy like holidays etc. I would love to get one.

Only problem is that American Express cards have to be fully cleared every month.

dunkindonuts

Victor_M wrote: »

Only problem is that American Express cards have to be fully cleared every month.

No i dont think so as my cousin in the uk has one and he says he doesnt clear it, unless theres a different system over there.

Gumbo

my credit card comes with a cheque book, maybe you could rite a cheque to them.
i done this a few times.

you get the month or so grace you need and the dealer just lodges the cheque as normal.

L1011

Victor_M wrote: »

Only problem is that American Express cards have to be fully cleared every month.

Some don't. They have 'charge cards' and 'credit cards', the standard card is the charge card that needs to be cleared in full. The interested is oppressive on the credit card ones.

dunkindonuts

MYOB wrote: »

Some don't. They have 'charge cards' and 'credit cards', the standard card is the charge card that needs to be cleared in full. The interested is oppressive on the credit card ones.

Thanks, its abit clear now

Eoin

You normally get charged a lot more interest for the credit card cheques - as if you had used your credit card at an ATM.

Lasers do have a daily limit, which I don't think can be changed. The 1500 mentioned earlier sounds about right.