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I recently purchased a new vehicle from a dealership and ended up financing the vehicle through the dealership. I needed to put money down to secure the low interest rate offered so the the agent requested I bring in a check with the down payment we agreed upon. I was about to hand over the check of the full amount but decided to ask a stupid question whether I could pay any of the down payment by credit card. She replied “Of course, you can put up to 5,000 dollars on a credit card and the rest will need to be paid cash (equivalent).” Awesome! This may be obvious for most but I didn’t expect they would allow that.
While 5000 points or ~100 USD is not a big sum of points/value in the grand scheme of things (especially compared to the price of the car) I never want to leave points on the table. Furthermore, 5,000 of spend can be especially lucrative when used toward meeting a minimum spend.
The amount you are allowed to pay by credit card for a down payment on a car varies by dealership/financier but from others experience and mine, they don’t immediately volunteer their policy up front so it is always worth asking.
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