Buying Motorcycle with Credit Card | GTAMotorcycle.com

Buying Motorcycle with Credit Card

steve220s

steve220s

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Is it possible?

I'd be interested in the cash-back (air-miles for some). I would pay it off immediately so high interest rates are not a concern.
What about a car purchases?
Do dealers put a limit to the amount that can be put on a cc? i.e. a down payment up to $3,000 for example?
Is it the same for a new and used purchase?
I know dealers would want to limit cc use as they would have to pay a percentage of the sale to matercard, visa, or amex, but are they completely allowed?
I know my uncle was able to buy a brand new full-size pickup using his cc a few years ago, is this an isolated case?
Any info is appreciated.
 
Most dealerships I've dealt with dont want anything to do with credit card although one let me put a deposit down by credit card.

The 3%+ fee takes a hit on their profits...
 
Kahuna will let you purchase the entire thing on credit card for 3% more.

-Jamie M.
 
isn't it usually against the policy of the Credit Card Processor to tack on extra to cover Credit Card fees? It's why the Chinese food places always offer a 'Cash Discount'...
 
I have always been able to AT LEAST put down 25% of the vehicle on CC ...
 
i've done it at GP bikes when i bought my 600rr from them.
 
I'm sure you'll find someone that will do it....good idea too for large purchases to get the rewards IF you're going to pay it back immediately.
 
Wheelieboy said:
Most dealerships I've dealt with dont want anything to do with credit card although one let me put a deposit down by credit card.

The 3%+ fee takes a hit on their profits...
Click to expand...

... you got it. We usually take a 1000$ deposit to close the deal (no fees charged to customer) anything over that, I would have to charge that 3% +/-
To some people that 3% is worth the air miles/points that they get...
 
I bought my car in 2001 as one mastercard transaction.
Nobody said boo about it.

Seems to me that they don't really want the sale if they are going to give you grief over using a CC to pay.
 
Seems to me that if they are willing to take a credit card for the whole price, you could have negotiated a better deal. At least 3 percent less, maybe more.
 
jolomatic said:
I bought my car in 2001 as one mastercard transaction.
Nobody said boo about it.

Seems to me that they don't really want the sale if they are going to give you grief over using a CC to pay.
Click to expand...

seems to me that this statement is a little silly, dealers open up shop to make sales not sit there and look pretty...
 
skapan said:
Seems to me that if they are willing to take a credit card for the whole price, you could have negotiated a better deal. At least 3 percent less, maybe more.
Click to expand...

yeah, +1 on this. If they are happy to accept CC, they are likely very happy about the sale price and just want to lock you in.
 
I put a "downpayment" on my new bike with my credit card while I was overseas... It was basically to hold the bike until I could get home and pick it up.
 
skapan said:
Seems to me that if they are willing to take a credit card for the whole price, you could have negotiated a better deal. At least 3 percent less, maybe more.
Click to expand...

A 3% of 10,000 is $300. Not a whole lot of a difference.
 
Would someone be able to negotiate the price of the sale, sign the papers, and then whip out the credit card to pay for it all? Or would there be a clause on the sale contract stating cash only?
 
steve220s said:
Would someone be able to negotiate the price of the sale, sign the papers, and then whip out the credit card to pay for it all? Or would there be a clause on the sale contract stating cash only?
Click to expand...

It's really up to the dealer at the end of the day, you can do that but doesn't mean the dealer has to comply.
 
I get told all the time by merchants there is a 3% premium to use my card. The question, as someone else alluded, is why they accept them at all if they dont want the business. It shouldnt matter if its $5 or $50,000 a sale is a sale.
 
I paid 1500 deposit on my van via credit card, then 3500 first payment on CC, they don't like but let me do it
 
If you read the merchant agreements for both Visa and MasterCard, they forbid merchants from charging a surcharge to use their card. In other words they cannot charge you the 3% fee.

When you run into this with MasterCard, you can report the merchant online, with Visa you have to call. I have called in the presence of the clerk and had them chat with Visa.

Those same merchant agreements also forbid a merchant from refusing a transaction for not showing ID.
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