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What surprised me is the "order with card" choice. I haven't bought a new car in a while, but is it normal to be defaulted to putting a $100,000 purchase on a c

What surprised me is the "order with card" choice. I haven't bought a new car in a while, but is it normal to be defaulted to putting a $100,000 purchase on a credit card? Edit: Nevermind, it's a $250 deposit on a later $100,000 purchase.

ggreer 3y ago
You use the card to put down a deposit. Then you get a loan, and/or pay by check or bank transfer (or even cash, I guess).
tracedddd 3y ago
That’s because it’s for the $250 deposit.
unregistereddev 3y ago
That's just the $250 deposit. Car dealers also require deposits when ordering a car, and it is common to put that on a credit card. I would be surprised if Tesla allows placing the entire order by credit card.
jayflux 3y ago
It’s the deposit, the car payment isn’t by card
doitLP 3y ago
For the people that can afford one? Sure. AMEX has no limit and plenty of other cards for high net worth individuals are similar. Plus weirdly, people like that usually really like to collect the credit card points.
- chomp 3y ago
  I’ve tried multiple times to pay the full balance with credit, the most I’ve seen dealerships be okay with is 3k or 4k of the balance.
  - bryanlarsen 3y ago
    My father-in-law has done it. He was in a strong negotiating position; I'm not sure why he didn't just use that position to lower the price an extra 3% instead...
  - myvoiceismypass 3y ago
    My most recent new car purchase (2024 Mini), the dealership allowed me to charge $10k to my card for the points. The rest was debit from my checking + tradein.
- sonicanatidae 3y ago
  Amex Green, at least, has a soft limit. You can raise it, but you have to have strong financials and talk to them.
popcalc 3y ago
It’s worth having the choice. Have a friend who was flying private to his college campus when he realized his tuition was due and got flustered. Pulled out the Amex and a couple minutes and 50K later it was no longer an issue. The convenience is appreciated at times like that. Moreover, a substantial amount of remote European contractors who use US LLCs put their personal expenditures on company CCs to evade CRS.

ggreer 3y ago

You use the card to put down a deposit. Then you get a loan, and/or pay by check or bank transfer (or even cash, I guess).

tracedddd 3y ago

That’s because it’s for the $250 deposit.

unregistereddev 3y ago

That's just the $250 deposit. Car dealers also require deposits when ordering a car, and it is common to put that on a credit card. I would be surprised if Tesla allows placing the entire order by credit card.

jayflux 3y ago

It’s the deposit, the car payment isn’t by card

doitLP 3y ago

For the people that can afford one? Sure. AMEX has no limit and plenty of other cards for high net worth individuals are similar. Plus weirdly, people like that usually really like to collect the credit card points.

chomp 3y ago
I’ve tried multiple times to pay the full balance with credit, the most I’ve seen dealerships be okay with is 3k or 4k of the balance.
- bryanlarsen 3y ago
  My father-in-law has done it. He was in a strong negotiating position; I'm not sure why he didn't just use that position to lower the price an extra 3% instead...
- myvoiceismypass 3y ago
  My most recent new car purchase (2024 Mini), the dealership allowed me to charge $10k to my card for the points. The rest was debit from my checking + tradein.
sonicanatidae 3y ago
Amex Green, at least, has a soft limit. You can raise it, but you have to have strong financials and talk to them.

popcalc 3y ago

It’s worth having the choice. Have a friend who was flying private to his college campus when he realized his tuition was due and got flustered. Pulled out the Amex and a couple minutes and 50K later it was no longer an issue. The convenience is appreciated at times like that. Moreover, a substantial amount of remote European contractors who use US LLCs put their personal expenditures on company CCs to evade CRS.