Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

2 Bumps

Can you buy a car with a credit card?

Maybe a dumb question...just curious...

Answer Question
 
nkkk07

Asked by nkkk07 at 4:34 PM on Jun. 29, 2010 in Money & Work

Level 10 (423 Credits)
Answers (15)
  • In some ways, I would think yes..in others no..
    CAGirl4

    Answer by CAGirl4 at 4:35 PM on Jun. 29, 2010

  • You can, but I would think the interest rate would be better on a car loan.
    Scuba

    Answer by Scuba at 4:35 PM on Jun. 29, 2010

  • If you had enough of a credit limit, yes. But the interest rate would be unbelievable so I do not know if you would want to.
    layh41407

    Answer by layh41407 at 4:35 PM on Jun. 29, 2010

  • Yes you can - however I would seriously weigh my other options. Interest rate on card vs interest rate on getting an auto loan?
    mcpavelka

    Answer by mcpavelka at 4:36 PM on Jun. 29, 2010

  • not normally but yes you can IF you have an extremely high limit on the card, have an extremely high daily limit too & call the credit card first so that they don't flag the transaction because of the amount.
    DarkFaery131

    Answer by DarkFaery131 at 4:36 PM on Jun. 29, 2010

  • There was the Yugo...cheap enough to buy with a credit card.
    gdiamante

    Answer by gdiamante at 4:36 PM on Jun. 29, 2010

  • It is possible but as the PPL are saying interest rate would be high.
    Claudiomom

    Answer by Claudiomom at 4:36 PM on Jun. 29, 2010

  • yeah but It doesn't sound like a good idea
    symle456

    Answer by symle456 at 4:37 PM on Jun. 29, 2010

  • Yep and my interest rate is 10% which is less than the car loan would have been.
    ashisamom

    Answer by ashisamom at 4:37 PM on Jun. 29, 2010

  • Yes if you card has that much of a credit line attached to it.

    RyansMom001

    Answer by RyansMom001 at 4:38 PM on Jun. 29, 2010

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN