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A coworker of mine bought his car on his Amex and the dealer was more than happy. I paid for my new truck with a debit card back in 2019 (well $15k of it rest o
by jermaustin1 5y ago
A coworker of mine bought his car on his Amex and the dealer was more than happy. I paid for my new truck with a debit card back in 2019 (well $15k of it rest on loan).
- encryptluks2 5y agoThe reason dealers don't want to do this is because of chargeback abuse. Now, to counter that argument dealers have gotten "smart" but greedy to the point now where they sneak arbitration agreements into a purchase... so while you may dispute a charge if the dealership lies about price or something, good luck using their chosen arbitration service.
- brianwawok 5y agoYou are also paying like a 2.9% fee to your payment processor (vs $0 for a check). On a 50,000 car, that is $1,450. Not chump change at all, maybe a big chunk of your margin.