anybody use a credit card for the downpayment - Honda Pilot

mrcheap · 11-04-2011, 11:19 AM

i will probably buy my pilot within a week. just wondering if anybody paid a big part of their down payment with a credit card. i'm not asking because i can't afford the payment, but i actually i want to rack up mad credit card points/rewards lol

i read some dealers have limits on how much you can use credit cards obviously becausec of the fees. what do you guys think?

rocky · 11-04-2011, 11:36 AM

Great idea!

Arizonaadam · 11-04-2011, 11:39 AM

My dealer allowed up to $5k, so yes! When I bought my subaru they capped at 2k.

mrcheap · 11-04-2011, 11:40 AM

Quote:

Originally Posted by rocky

Great idea!

you're not being sarcastic are you? lol

tdroski · 11-04-2011, 11:41 AM

Did it. I was surprised, but no problem using a CC.

mrcheap · 11-04-2011, 11:47 AM

Quote:

Originally Posted by tdroski

Did it. I was surprised, but no problem using a CC.

about how much? im thinkin around 20k for me lol

Dirt · 11-04-2011, 12:02 PM

Max was $2500 when I bought mine

ant-ny · 11-04-2011, 12:33 PM

dealer allowed 3k for me only. i asked if it could be run thru multiple times and they said no. i would have put the entire down payment on it and would pay the monthly payment with a CC if I were able to. If you are going to pay it anyway, why not get some reward (points, miles, whatever) out of it? I use CC for just about everything.

peyton23 · 11-04-2011, 12:33 PM

Great idea!! You know, I feel really dumb because I just cashed some of my CC points last friday and I paid my downpayment using a check on monday, not thinking, it's from the same account that I would have gotten points from. The check was already cashed, boy do I feel dumb, especially since I use the card to get points all of the time. I guess the only consolation is that there's a $2,000 cap and I put more down than that.

mrcheap · 11-04-2011, 01:15 PM

Quote:

Originally Posted by ant-ny

dealer allowed 3k for me only. i asked if it could be run thru multiple times and they said no. i would have put the entire down payment on it and would pay the monthly payment with a CC if I were able to. If you are going to pay it anyway, why not get some reward (points, miles, whatever) out of it? I use CC for just about everything.

yep i never use cash. i love racking up points and i always pay on time. i have 0 balance and 0 debt

Toshweir27 · 11-04-2011, 01:17 PM

I used my debit card (tied to my checking acct) the day I picked up the pilot for my down payment but it was a $2500 limit at the dealer. Had to bring in a check the next day for the remainder of my down payment.

mrcheap · 11-04-2011, 01:24 PM

thanks for the input guys. looks like i can't put 20k on my card lol. o well i'll ask anyway hahaha

PM12EX-L · 11-04-2011, 04:57 PM

you know, i never thought about this either...the only downpayment we had was the difference from our trade...i'll keep this in mind for the future though

Arizonaadam · 11-04-2011, 05:11 PM

Quote:

Originally Posted by mrcheap

yep i never use cash. i love racking up points and i always pay on time. i have 0 balance and 0 debt

I'm pro-points, as well as zero balance. However, I simply spend less when I'm using cash. I never thought it would be true but when I switched to cash I just spent less. Big things, though, go on the cards, including auto-pay for bills. But, lunches, booze, presents, etc. are all cash items for me now.

1YESfan · 11-04-2011, 05:48 PM

I bought my Pilot using several credit cards. None of them were mine though. ;-)

11-04-2011, 11:19 AM	#1 (permalink)
mrcheap Registered User Join Date: Oct 2011 Location: NJ Posts: 92 Feedback Score: 0 reviews	anybody use a credit card for the downpayment i will probably buy my pilot within a week. just wondering if anybody paid a big part of their down payment with a credit card. i'm not asking because i can't afford the payment, but i actually i want to rack up mad credit card points/rewards lol i read some dealers have limits on how much you can use credit cards obviously becausec of the fees. what do you guys think?

11-04-2011, 11:36 AM	#2 (permalink)
rocky Super Senior Member Join Date: Jul 2004 Location: Red Sox Nation Posts: 7,178 Feedback Score: 0 reviews	Great idea! __________________ https://www.facebook.com/pages/Chris...19131498101662

11-04-2011, 11:39 AM	#3 (permalink)
Arizonaadam Registered User Join Date: Jul 2011 Location: Las Vegas, Nevada Posts: 231 Feedback Score: 0 reviews	My dealer allowed up to $5k, so yes! When I bought my subaru they capped at 2k. __________________ Current Vehicles: '11 Pilot LX 4wd; '10 Subaru Outback 3.6R; '02 Honda Shadow 750; Pilot v. Outback: http://ohmahdeehness.wordpress.com/2...-two-vehicles/

11-04-2011, 11:41 AM	#5 (permalink)
tdroski Registered User Join Date: Mar 2011 Location: Western Michigan Posts: 5 Feedback Score: 0 reviews	Downpayment Did it. I was surprised, but no problem using a CC.

11-04-2011, 01:17 PM	#11 (permalink)
Toshweir27 Registered User Join Date: Nov 2007 Location: Chicago Posts: 51 Feedback Score: 0 reviews	I used my debit card (tied to my checking acct) the day I picked up the pilot for my down payment but it was a $2500 limit at the dealer. Had to bring in a check the next day for the remainder of my down payment. __________________ 2011 Honda Pilot Touring 4WD Polished Metal w/ Black 2007 Acura RDX Black w/ Technology Package 2005 BMW 330Ci Black 6spd Sport Package

11-04-2011, 12:02 PM	#7 (permalink)
Dirt Registered User Join Date: Oct 2011 Location: Calgary, Canada Posts: 7 Feedback Score: 0 reviews	Max was $2500 when I bought mine

11-04-2011, 12:33 PM	#8 (permalink)
ant-ny Registered User Join Date: Mar 2011 Location: northeast ohio Posts: 67 Feedback Score: 0 reviews	dealer allowed 3k for me only. i asked if it could be run thru multiple times and they said no. i would have put the entire down payment on it and would pay the monthly payment with a CC if I were able to. If you are going to pay it anyway, why not get some reward (points, miles, whatever) out of it? I use CC for just about everything.

11-04-2011, 12:33 PM	#9 (permalink)
peyton23 Registered User Join Date: Sep 2011 Location: Sioux Falls, SD Posts: 45 Feedback Score: 0 reviews	Great idea!! You know, I feel really dumb because I just cashed some of my CC points last friday and I paid my downpayment using a check on monday, not thinking, it's from the same account that I would have gotten points from. The check was already cashed, boy do I feel dumb, especially since I use the card to get points all of the time. I guess the only consolation is that there's a $2,000 cap and I put more down than that.

11-04-2011, 01:24 PM	#12 (permalink)
mrcheap Registered User Join Date: Oct 2011 Location: NJ Posts: 92 Feedback Score: 0 reviews	thanks for the input guys. looks like i can't put 20k on my card lol. o well i'll ask anyway hahaha

11-04-2011, 04:57 PM	#13 (permalink)
PM12EX-L Registered User Join Date: Oct 2011 Location: Charleston, SC Posts: 58 Feedback Score: 0 reviews	you know, i never thought about this either...the only downpayment we had was the difference from our trade...i'll keep this in mind for the future though __________________ 2012 Pilot EX-L (2wd)

11-04-2011, 05:48 PM	#15 (permalink)
1YESfan Registered User Join Date: Oct 2011 Location: Northern Virginia Posts: 279 Feedback Score: 0 reviews	I bought my Pilot using several credit cards. None of them were mine though. ;-) __________________ Rob 2011 w.d.p. Touring 4x4, DeepWater Edition(it has a propeller on the back ;-) )

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