Paying downpayment via Credit Card

[Adam Lim]

Hi all, I'm looking to buy a Honda City (probably from Ekkamai dealer). I wish to pay a down payment of 30% and I would like to know if anyone have any experience paying the downpayment with Thai credit card?

Also, do you know if done this way, does the bonus points of credit card accrue?

Thank you!

[GavinK]

Most dealers will allow you to pay a deposit by cc. On a City it would be around 10,000 baht. I doubt they'd let you pay 30% without charging you for the fee they'd incur.

[casualbiker]

Normally if you pay by credit card they try and pass the 3% fee onto the buyer as well. Negotiate!

Sent from my XT1032 using Thaivisa Connect Thailand mobile app

[HUAHIN62]

Just cheaper to draw the B 10 k and pay it cash.

[Adam Lim]

Thanks for the replies.

HUAHIN62 : I doubt any dealer will charge merchant fees on a 10k card bill given that their workshops can cost way more than that and they accept card for service/maintenance. So by paying cash it is actually more expensive as there is opportunity cost in terms of bank rewards, carry risks as well as transportation costs; that's why I started the discussion to maximise rewards.

[landslide]

About 7 years ago, I tried to pay for a car with my mileage card to accrue frequent flier miles.  The price was $B900,000, and after some back and forth, they only let me put $B100,000 on the card, and that only after I thanked them and got up to leave.  Had to pay the balance in cash.

[Adam Lim]

Landslide, thanks for the feedback. 100k is a lot of miles anyway, congrats! Mind sharing the brand/dealer?

[casualbiker]

Thanks for the replies.

HUAHIN62 : I doubt any dealer will charge merchant fees on a 10k card bill given that their workshops can cost way more than that and they accept card for service/maintenance. So by paying cash it is actually more expensive as there is opportunity cost in terms of bank rewards, carry risks as well as transportation costs; that's why I started the discussion to maximise rewards.

The 3% can be absorbed into price from profit margin as long as it doesn't take to much.

Sent from my XT1032 using Thaivisa Connect Thailand mobile app

[nedkellylives]

The first new car I bought here I upgraded the model I wanted and was short 85K baht of the purchase price 

I paid the 85K on my credit card plus 3% interest

[JacChang]

Thanks for the replies.

HUAHIN62 : I doubt any dealer will charge merchant fees on a 10k card bill given that their workshops can cost way more than that and they accept card for service/maintenance. So by paying cash it is actually more expensive as there is opportunity cost in terms of bank rewards, carry risks as well as transportation costs; that's why I started the discussion to maximise rewards.

Even though the payments are within the same dealer. They may not work the way like you've said.

For maintenance, there are a lot of margins already considered for costs such as credit card. While the sales of the vehicle would be calculated differently. So when buying a car and paying like 100k with cc, dealer is looking at 2000thb+ costs. Which they will have to recalculate their price for you again, because their costs have increased. Or take some free items away

[dotpoom]

Thanks for the replies.

HUAHIN62 : I doubt any dealer will charge merchant fees on a 10k card bill given that their workshops can cost way more than that and they accept card for service/maintenance. So by paying cash it is actually more expensive as there is opportunity cost in terms of bank rewards, carry risks as well as transportation costs; that's why I started the discussion to maximise rewards.

 

With the greatest respect ....... do you analyze everything in life down to the minutest detail?....just wondering.