We bought a car in 1984 and put the entire purchase on our credit card. Shel
> [Original Message] > From: John Francis > > The salesman asked him to come inside to fill in the finance forms and > > he just handed him his credit card and said "Just put it on this". > > > > The salesman looked a bit shocked when he went in but was smiling when > > he came out and said that the car would be ready on Wednesday. > > I don't think you're allowed to do that over here. Or, at least, not > with a true credit card - I don't know if you can charge a car to American > Express, but I doubt it. Not because of credit limits - the credit line on > my Visa is high enough to buy a Porsche 911, never mind a Honda or Mazda - > but there's some other reaon that prevents most car dealerships from > taking credit for anything except a place-holder deposit. You're not > supposed to make the down payment with a credit card, either, but > that's because most finance agreements explicitly prohibit you from > using credit for the deposit - not an issue if you're not financing.
