When the dealership is handling the financing, the down payment, it can be in the form of a cashier's check, a personal check or even a credit card payment. To find out what forms of payment the dealership will accept, call ahead of time and ask to speak with a finance manager.Sep 20, 2012
What form of payment is accepted for car down payment?
Some dealerships require cash (or an equivalent form of payment, like a debit card, money order, check or electronic transfer) for the down payment. But some may allow you to use a credit card.Oct 5, 2021
Will a car dealership take a debit card?
Here's what you need to know: most car dealerships won't accept debit cards as payment. Whether you want to use a bank card or a prepaid debit card, the same principle applies. ... If the dealer were to swipe your debit card, they would be subject to swipe fees of three to four percent.Sep 8, 2021
Does down payment go to dealer or bank?
Where Down Payments Go. If you're buying a vehicle from a dealership, any cash down or trade-in equity that you want to use is put toward the car's selling price. This means the dealership takes the down payment and it knocks down how much you need to finance with your auto lender.Jun 9, 2021
Do car dealerships take cards?
Most dealers do accept credit cards, but they cap the amount you can pay on your card. For example, many credit card companies cap the amount you can charge at around $5,000. A small minority of dealers will accept a credit card for the whole amount.Nov 1, 2021
What forms of payment do dealerships take?
- Cash.
- Personal check.
- Cashier's check.
- Credit card.
- Debit card.
- Pre-approved loan.
- Personal loan.
Do most car dealers take credit cards?
Some dealers let you charge part -- or all -- of a vehicle Most dealers do accept credit cards, but they cap the amount you can pay on your card. For example, many credit card companies cap the amount you can charge at around $5,000. A small minority of dealers will accept a credit card for the whole amount.Nov 1, 2021