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Author: TchrP Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308782  
Subject: Re: Using my credit to finance a car Date: 5/21/1998 10:21 AM
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Some of the messages on this topic seem to have overlooked the fact that the original question was about using a cash advance to buy a used car.

For a used car, neither a manufacturer's rebate nor promotional financing comes into the picture.

Furthermore, conventional financing will probably be at a higher rate than for a new car. Any comparison ought to take that into account.

And, as has already been said, the introductory rate on the credit card probably doesn't apply to cash advances.

So, if the introductory rate on the card is really attractive, it would be necessary to find a used-car dealership that takes credit cards. Or to get a cash advance on *another* card and transfer the balance, if the introductory rate applies to balance transfers.

In any case, I couldn't see financing a car on a credit card unless I happened to be in a position to pay cash -- then I might consider financing it on a rebate card, and pay in full before the intro rate expires.
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