What forms of payment do dealerships take as down payment?
- Personal check.
- Cashier’s check.
- Credit card.
- Debit card.
- Pre-approved loan.
- Personal loan.
Do car dealerships accept credit cards?
Most dealers do accept credit cards, but cap the amount you can pay on your card. A small minority of dealers will accept a credit card for the whole amount. You’re more likely to find this when using a credit card affiliated with the car maker, such as buying a Lexus car with a Lexus Credit Card.
Can I pay for a car with my debit card?
Ask the dealership if it accepts debit cards. Pay for the car with your debit card. If the dealer does accept debit cards for car purchases, they will simply total up the amount due inclusive of taxes and registration fees (which vary by state) and swipe your card.
Do car dealers prefer cash or financing?
Dealers prefer buyers who finance because they can make a profit on the loan – therefore, you should never tell them you’re paying cash. You should aim to get pricing from at least 10 dealerships. Since each dealer is selling a commodity, you want to get them in a bidding war.
Photo in the article by “Wikimedia Commons”