Credit “Car”d

a cartoon man holding a credit card

Car dealerships are notorious for nutty negotiation tactics.  However, my husband and I recently figured out a new angle to play using our credit card that I’d love to share!

No Exact "Driver's Manual"

Despite having a very high credit line that could have handled our full car purchase, we learned that our Minnesota dealership only allows vehicle purchases on a credit card up to $3000, which is in line with our later researched range of $2000-$5000 (quoted here).

MPH = My Personal Handout

With our credit card (Capital One Venture ), we earn 2% cash back on purchases. This equated to $60 on a purchase of $3,000.  So, we swiped that portion and used the cash back savings to treat ourselves to a celebratory dinner … a win/win.

Any Car-veats?

This only works out to an advantage if you have cash available in another account to quickly pay off the credit card amount in time before interest rates accrue ... so proceed at your own risk.

Take it for a Spin

Hopefully, the next time you are looking at a big ticket purchase you remember this tip and split the full bill between different payment methods; the extra step pays off!
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2 thoughts on “Credit “Car”d

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