can you use a credit card to pay your car payment
Itâs not the best financial choice to use your credit card for a down payment on a car. Hereâs why. First, some dealerships will not accept funds from a credit card as a down-payment. The dealerships that do, usually have a limit and the limit can be a dollar amount or even a percentage of the down-payment. Youâll have to check with the dealership to see what their policy is.
If you have just one to two years left on your auto loan, he says, that means the credit card pays off your car loan, getting you the title to the car sooner than expected, and âensuring that payment difficulties wonât result in your car being repossessed.â.