Buying a car with a credit card

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drSix

Silver
Oct 13, 2013
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Is it possible? I am need of a new car. Something used, under $10k, and want to know if I can use my AMEX card to purchase it.

Anyone done this? Are there dealers in Santiago or Santo Domingo that accept credit cards?

Besides the usual issues with using a credit card down here, is there anything else I should watch out for?
 
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the gorgon

Platinum
Sep 16, 2010
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drSix said:
Is it possible? I am need of a new car. Something used, under $10k, and want to know if I can use my AMEX card to purchase it.

Anyone done this? Are there dealers in Santiago or Santo Domingo that accept credit cards?

Besides the usual issues with using a credit card down here, is there anything else I should watch out for?
Click to expand...

see my ad in the classifieds
 
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drSix

Silver
Oct 13, 2013
1,323
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36
This Ad?

USED CAR BUYING CONSULTANTS

Buying a used car in the DR can be a very daunting undertaking. As is the case in just about every other country, the used vehicle marketplace here is a very predatory ecosystem. This is not a venture which should be undertaken without the assistance and advice of people who are properly equipped to deal with the adversarial forces which always seek to separate the unsuspecting buyer from his wallet, and strive to saddle him or her with a lemon which has been misrepresented as being in pristine condition, mechanically and structurally.
Our mission is to find you a used car within your budget which will give you the good service and longevity you expect for your money.

Call Mike at 829 546 3624.

Happy Motoring.
Click to expand...

That doesn't really answer my question though. Regardless I may be interested in your services.
 
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the gorgon

Platinum
Sep 16, 2010
33,997
83
0
drSix said:
This Ad?





That doesn't really answer my question though. Regardless I may be interested in your services.
Click to expand...

yes, that is the ad i referred to..

i am not sure of exactly what things you might have in your mind. maybe you can throw out some concerns, and i will do my best to address them. as my ad says, the average guy is going to try to give you a royal flucking, and i am here to see that such romance does not happen. i have quite a few happy customers on DR1.
 
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DRDreamer72

Member
Nov 17, 2014
204
7
18
Hi Gorgon, may be in touch in the next few weeks, but is it possible to use a CC or do you need to have a bank account or to transfer funds from my overseas account?
 
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william webster

Platinum
Jan 16, 2009
30,247
4,330
113
I would doubt it..

I did it once

FLA in the late 70's..... AMEX
Times have changed and RD is a different animal

My last purchase - here - I wired directly to the dealer
or you can interbank transfer if the $$ are already here
 
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the gorgon

Platinum
Sep 16, 2010
33,997
83
0
DRDreamer72 said:
Hi Gorgon, may be in touch in the next few weeks, but is it possible to use a CC or do you need to have a bank account or to transfer funds from my overseas account?
Click to expand...

i will call up a reputable dealer with whom i have dealings, and get back to you both later today.
 
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chrisgy

Active member
Jan 15, 2013
389
167
43
drSix said:
Is it possible? I am need of a new car. Something used, under $10k, and want to know if I can use my AMEX card to purchase it.

Anyone done this? Are there dealers in Santiago or Santo Domingo that accept credit cards?

Besides the usual issues with using a credit card down here, is there anything else I should watch out for?
Click to expand...

I bought an SUV with a credit card using an Amex. i was charged a 4% fee on top of the cost. This was back in 2012 at Leonel Auto in Santiago.
 
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william webster

Platinum
Jan 16, 2009
30,247
4,330
113
There you go..... a real life story.

Glad to hear it..... I was wrong about it.

I know people who pay college tuition with a card to get the points
 
Tamborista

Tamborista

hasta la tambora
Apr 4, 2005
11,747
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william webster said:
There you go..... a real life story.

Glad to hear it..... I was wrong about it.

I know people who pay college tuition with a card to get the points
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A few landlords accept AMEX in NYC for rent, sorry not car related.

Looking forward to Gorgie's response.
 
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playacaribe2

Gold
Jan 9, 2004
10,912
2,246
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drSix said:
Is it possible? I am need of a new car. Something used, under $10k, and want to know if I can use my AMEX card to purchase it.

Anyone done this? Are there dealers in Santiago or Santo Domingo that accept credit cards?

Besides the usual issues with using a credit card down here, is there anything else I should watch out for?
Click to expand...

Yes.....as long as Amex authorizes it and you don't care about the interest rate.

Your purchase will trigger an alert on the account, i.e, large one time purchase, foreign country, etc. Once you have cleared the alert with Amex and the dealer is authorized to accept Amex, and your credit limit is not exceeded, it is treated like any other transaction.

However, I think I would be more concerned with the interest rate.

Respectfully,
Playacaribe2
 
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chrisgy

Active member
Jan 15, 2013
389
167
43
playacaribe2 said:
Yes.....as long as Amex authorizes it and you don't care about the interest rate.

Your purchase will trigger an alert on the account, i.e, large one time purchase, foreign country, etc. Once you have cleared the alert with Amex and the dealer is authorized to accept Amex, and your credit limit is not exceeded, it is treated like any other transaction.

However, I think I would be more concerned with the interest rate.

Respectfully,
Playacaribe2
Click to expand...

AMEX charge cards don't have an interest rate if paid at statement cycle end. And quite frankly even if I hadn't paid it off and instead put it on my 8% APR USAA credit card it would have been decent for a DR car purchase and the protection it offered.
 
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playacaribe2

Gold
Jan 9, 2004
10,912
2,246
113
chrisgy said:
AMEX charge cards don't have an interest rate if paid at statement cycle end.
Click to expand...

If that is the case, why not just wire the money and be done with it.

And quite frankly even if I hadn't paid it off and instead put it on my 8% APR USAA credit card it would have been decent for a DR car purchase and the protection it offered.
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Protected on your USAA card? How?

If you have no other choice OK.....other than that, there is little, if any advantages.....unless you need points.

But....whatever gets you through.


Respectfully,
Playacaribe2
 
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Criss Colon

Platinum
Jan 2, 2002
21,843
191
0
38
yahoomail.com
playacaribe2 said:
Yes.....as long as Amex authorizes it and you don't care about the interest rate.

Your purchase will trigger an alert on the account, i.e, large one time purchase, foreign country, etc. Once you have cleared the alert with Amex and the dealer is authorized to accept Amex, and your credit limit is not exceeded, it is treated like any other transaction.

However, I think I would be more concerned with the interest rate.

Respectfully,
Playacaribe2
Click to expand...

If he buys the car HERE with AMEX, THERE IS NO "INTEREST RATE".

CCCCCCCCCCCCCCCCCCCCCCCCCC
 
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the gorgon

Platinum
Sep 16, 2010
33,997
83
0
just got word back from my friend who owns a dealership. he said that it is a bad idea, and the interests on the transaction will be onerous. he strongly advises against it.
 
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