buying a car

[frugalman]

is there any rules that says dealerships can't take visa for purchasing a car?
(as oppose to taking bank drafts only)..

[booblehead]

Up to the dealership .. most, if not all dealerships will have a maximum they would allow the purchasers to put towards credit card, generally in the $2K - $3K range because they would lose about 2-3% on the credit card transaction fees.

[dash riprock]

Up to the dealership .. most, if not all dealerships will have a maximum they would allow the purchasers to put towards credit card, generally in the $2K - $3K range because they would lose about 2-3% on the credit card transaction fees.

That is correct. With small margins, especially on new vehicles, the cc discount rate chews up a big portion of their profit......until you go in to talk to the business manager of course.

[frugalman]

That is correct. With small margins, especially on new vehicles, the cc discount rate chews up a big portion of their profit......until you go in to talk to the business manager of course.

so you're saying you can "force" them to accept visa?
it's a used car, btw, and it's about $6000

[dash riprock]

so you're saying you can "force" them to accept visa?
it's a used car, btw, and it's about $6000

You cannot force them. There is no legal entitlement to allow cc use.They may have a policy in place limiting cc use to $1,000 for example. If there is enough profit in the deal they may extend it to get the deal done. Don't forget you are asking them to absorb an extra $120 in cost. good luck