assuming i have 2 credits card ......each of the card have 50k credit limit

if a car worth rm3xk.....can i pay the full amount by credit card?...

if can it will be very good.....i can straight away do the 0% balance transfer to my another card and save the 3.xx% interest/annum

Some car dealers do accept credit card for the booking deposit only. And no. It is not possible to pay for your car in full using credit card. Not in Malaysia anyway.

car worth 3xk...max installment period is like what? 36 months?
so each installment comes to about 1k?
if you can afford to pay 1k each month and the card dealer do accept credit card, why not...

No car company/dealer accept credit card as payment method.

Just like Miles posted, only booking fee they allow.

Car dealers or companies onli accept booking fee or deposit by credit card

cc is onli for retail purchases

so any car or house purchasing does not fall under retail purchases

Yes, you can if your car dealer willing to accept payment in full by way of card for the car.

Most Japanese car dealers like Honda and Toyota will tell you they only accept for booking, but you can always negotiate and ask that you allow more to be charged to your card before you sign on the dotted lines. Done that many times over the years.

For cars that are not selling well, car dealers are willing to accept payment in full with credit cards to clear stock. Last time looking at Honda Elysion and the dealer trying desparately to clear stock and willing to accept payment in full by way of credit card.

Auto Bavarian, if not mistaken willing to accept up to RM30K or was it RM40K the last time I asked.

As for Proton, erry, a regular here, mentioned he paid in full with his credit card.

Some car dealers willing to accept payment in full but they will add like 1-2% extra onto the purchase price, and if you are willing to make a fuss and want to fight for your rights, make a call to the card centre in front of the dealer to complain that they want to charge you extra and then see how it goes. That what our AMEX Black card holder reported here when he bought his sports card 2 years back.

This post has been edited by Gen-X: Nov 17 2011, 12:59 PM

I have always been under the impression that it's not possible to charge your car to your credit card in full in Malaysia. Will try that next time i buy a new car

Can, most dealers will tell you add 1-2% surcharge. Salesman standard reply is credit card only for bookings. I will then insist that he go ask his manager and they will come back and allow me to charge more (not in full) without any surcharge for me to collect points

I managed to pay the downpayment of my car using credit card this year. The dealer tried to impose surcharge as it was a substantial amount but I was upfront and mentioned if they can't accept credit card as downpayment then the deal is off. They relented in the end.

*points*points*points*

This post has been edited by rockefeller: Nov 17 2011, 09:11 PM

Nissan can use credit card to pay a portion of the downpayment

---

Added on November 17, 2011, 9:27 pmI'm wondering if swipe MBB 2 AMEX card for RM40,000 downpayment, I would be getting 200,000TP and eventually redeem RM1000 of cash vouchers!

This post has been edited by echoesian: Nov 17 2011, 09:27 PM

nowadays get a high limit credit card is not difficult....
i noe bank will charge merchant 1.6~2.0% per transaction , if the car dealer ok with i pay extra 1.6%~2% it would be a good deal.

i'm sure many bank got offering balance transfer , other wise i still can convert my transaction to an easy payment plan xD!~

If the car dealer accept would be a great deal. Imagine u got Cash Back function Then do BL for 0 interest

RM30k transaction equivalent to 30k points.... , 30k points equivalent to RM3000 redemption

+

0% balance transfter

or

0% Easy Payment Plan

Which cc can opt for 0% easy payment?

Maybank ... got 12 months '0' ins ...

30k = RM3000? .. more like RM150

For proton, i have been to 7 showrooms, spoken to 18 different sales person (some from advertisement in newspapers)

still no luck finding one can accept by credit card in full.

only 1 accepts max of RM5k per vehicle, and not AMEX as well.

still trying.

Say if u make a big item purchase of rm50000 using MBB2Amex. On getting the statement can u then BT to 3 separate banks totaling up to rm45000?

edited:
May be wrong place to post this question. Would post in BT thread too.

This post has been edited by MGM: Dec 9 2011, 10:21 AM

try Proton main showroom Shah Alam along KESAS and also at Glenmarie too, but I don't think you get any luck with AMEX.

Yes you can.

proton COE does not accept amex

I believe BMW and Mercedes would most likely accept AMEX for booking but not sure for downpayment

interesting, when Manchester United win, u go swipe it with MU card, then u get 5x treat point?

Yes for booking but for downpayment they would say they need to charge minimal merchant fees.

In Cycle & Carriage's case, they waived it when I paid for my car's downpayment finally when I insisted I want to pay by card.

If I pay whole downpayment by credit card, then takes a loan means I have 100 percent financing right?

Hire Purchase is limited to 90% (unless of course if your car dealer is able to inflate the price for recond or second hand cars).

If you decide to swipe the whole 10% downpayment with credit card, then to a certain degree, you are getting "100% financing" in the sense that you don't fork out any hard cash.

Used amex plat CC to pay for DP in Ingress 3 years ago , first is booking fee for 10k and another 90k upon collecting the vehicle , have some difficulties when i want to swipe the card for DP but in the end the manager also gave in and let me swipe LOL. Got 200k MR points instantly definitely better than paying cash. Never try before buying a car without loan and pay full with CC so cant really answer this but i know some grey importer accept it.

This post has been edited by Reventon: Jan 9 2012, 04:33 AM

Hi, maybank amex reward catalag got offer cash voucher meh ?????
I checked online, can't find it ....do u mind to share it ? thx.

by cash vouchers, he meant jusco, parkson, sogo, etc vouchers. no direct to cash redemption.

IC, okay, thanks ya

So bro Gen-X, did you manage to pay by AMEX?

No lah, Auto Bavaria did allow AMEX when I check but in the end bought a Mazda 8 MPV 8 seater.See got two No.8 = 88, haha. Paid down payment with Visa and then when took delivery of the car paid with Visa but they only allowed me to pay RM10K. Time flies, that was 1 year ago.

Grats on MPV. I thought you bought a Honda Elysion

This post has been edited by CP88: Feb 23 2012, 08:02 PM

I heard can pay all in cash (also depend on what card you using).... I got heard before those boss of big company holding Infinite card to swipe for full payment of car and house. But for house, they needed to go bank and swipe at the bank counter then issue a cheque to clear it off on the spot.

beg to differ...bought a volvo xc90 paid full with a credit card...

not to said that they do not accept. just that the transaction fees need to bear by the dealer is quite a huge amount if the car is expensive....

probably 1.4-2.5% for each transaction of the total paid amount charged by merchant provider

Found this this while searching..
Bumping up this thread!

Planning to use my Maybank Petronas VISA (5x TP due to the smiles promotion) to pay a substantial DP at Sime Darby Auto Connexion PJ... from what I read here it seems like most dealers won't accept CC?

Anyone else had any luck with it? Never mind the full amount of the DP, I'd be happy if I can pay at least 10k using the card.

Give a call to the branch and ask, maybe they accept

genx, im an avid reader of ur blog... and u never fail to amaze me with ur tricks.. hehehe

Peugeot accepts CC for Downpayment (as part of their CNY promo)

any KIA branch accept AMEX?

My friend who owns a shop (dealing with new and used car) has the facility to pay the booking up to 2K with CC (AMEX/VISA/MASTER). If you want to buy it with CC with the shop, normally he charged 2% of total amount but of course, can negotiate the deal, plus 2% is nothing compared to that hire purchase interest, especially if you are taking longer term.

Finally got my answer.. the max amount that can be paid by CC (at least at SDAC PJ) is RM5k.. I even offered to pay surcharge if I'm allowed to swipe a higher amount but was told that it's a new policy by Bank Negara.

just enquiry Perodua, they dont accept credit card.

Nissan wise they accept visa/master/amex, for 10% down payment.

was thinking if down payment RM10k, ask 10 of my fren using AMEX each swipe RM1000.

then cash back RM50 x 10 = RM500

can swipe higher for down payment anot?

you very confident that your friends will give you their RM50 quota?

my friend all buddy no kira wan.

Do report back if you manage to swipe more for the down payment!

nehind they curse u lol


anyway, wow 10% deposit... haish.. too bad im not buying a car at the moment


anybody try at used car dealer? edited, for used car value less than rm10k?

This post has been edited by s@ni: May 17 2013, 09:19 AM

Nissan allows split swipes for 10% D/P as well... my colleague tested before.

Kia Ampang branch allow to swipe 10% downpayment

But charge 3% more

which perodua did you go? i swipe the 10% dp at perodua...yeah...15k points for my amex...

Go read the old posts lah. It's doable

Hi, which nissan allowed that?
I understd Nissan switch to Hong Leong bank system and Amex is not accepted already.
Thks

not so long la... its less than a week provided they do settlement on card terminal on the same day.

I went Ingress today and the sales advisor told me if I pay DP by credit card then I won't entitle any discount on the car price. If I'm paying cash she'll give me discount coz the company need to bear the card charges. So they rather u pay cash and they give u some discounts.

A family member bought the latest Swift GLX mid last year. He swipe full amount (~ Rm70k) with CC.

Not sure now can or not. Dealer is Aiman Motor PJ

Had experience at VW can swipe 5k without charge.

if the guy is bloody rich...dont want to apply for loan. can he buy the car with bank draft or bankers cheque?

Of course can. Bank draft or bankers cheque is equivalent to cash. Personal cheque also can. But must wait till your cheque clear only they release your car.

I don't see why not. Paying in full and if your credit limit allows it. No issue.

Most of the car dealer won't accept full payment in credit card, unless you are someone "special".

guess what? using Maybank2 cards Amex pay for the card... you can directly go to epicentre redeemed a Macbook Air+an iPad maybe... if it is a BMW

Cool. Promo?

yes, kia glenmarie also allow to swipe 10% downpayment with 3% charges. but no charges for the first rm5k.

Any perodua in Penang or Klang Valley accepts credit card for booking fee/down payment?

Don't know about Penang or Klang but for Johor Bahru perodua, there is a 2% addition charges for fee/down payment