What's the maximum that Tesla allow to be put on a CC as cashdown at the delivery

[BrunoB]

Hi guys, any experiences out there as to how much the Tesla store allow you to charge on your CC when you are taking delivery of a new car. Looking into maximizing my purchase and also compensating the fact that I have to front 8K for the Qc incentive for a couple of months as Tesla is not doing this for us as opposed to most of the other dealerships.

 

[ben1628]

Zero...

 

[Techniques]

Yeah you can't use a credit card to pay at delivery. Only personal check, wire transfer or bank draft if I recall.

 

[MorrisonHiker]

You can use something like Plastiq: Pay Virtually Any Bill with Credit Cards - Earn Rewards - Free Up Cash Flow | Plastiq but you have to cover the fees. Unless you have some major credit card bonuses, it's probably not worth using it in most cases.

 

[ewoodrick]

Hi guys, any experiences out there as to how much the Tesla store allow you to charge on your CC when you are taking delivery of a new car. Looking into maximizing my purchase and also compensating the fact that I have to front 8K for the Qc incentive for a couple of months as Tesla is not doing this for us as opposed to most of the other dealerships.

The thing to remember is that when you get the points, Tesla has to pay for them. Tesla doesn't want to give 6% to someone else with a partial rebate to you.

 

[BrunoB]

Thank you guys, wanted to check your experiences, as most dealership limit like at 2K or 3K the amount that you can charge on a CC at delivery.

 

[CRASHER]

You can pay $2.5k for the initial deposit with CC or paypal. Only other thing which you can do is not buying Autopilot, and adding it later using your CC.

 

[YusufT]

You can't pay for a loan with a loan. So $0.

 

[BrunoB]

Well it was not to pay a loan with a loan, it was to pay part of the "cash down" with a CC. Like I said, when you buy a car at a dealership they usually limit the amount you can pay with a CC the rest is to be paid by a loan or by a cashier check. Let's say I want to give down of 5k and I'm allowed to pay 2k with my CC it means that I also bring a check for 3k, thus totalling 5k cash down. Anyway from your experiences it looks like that Tesla does not allow any portion of the vehicle to be pay by CC at delivery.

 

[Applemann01]

Just an FYI they wont take cash either, only bank draft, certified check, or wire transfer. First time I've ever had a dealer say no to cash.

 

[MorrisonHiker]

Just an FYI they wont take cash either, only bank draft, certified check, or wire transfer. First time I've ever had a dealer say no to cash.

They still take ACH payments too, at least in the US.

 

[YusufT]

Well it was not to pay a loan with a loan, it was to pay part of the "cash down" with a CC. Like I said, when you buy a car at a dealership they usually limit the amount you can pay with a CC the rest is to be paid by a loan or by a cashier check. Let's say I want to give down of 5k and I'm allowed to pay 2k with my CC it means that I also bring a check for 3k, thus totalling 5k cash down. Anyway from your experiences it looks like that Tesla does not allow any portion of the vehicle to be pay by CC at delivery.

A credit card is a loan though..

 

[puzz1ed]

Just an FYI they wont take cash either, only bank draft, certified check, or wire transfer. First time I've ever had a dealer say no to cash.

That would be great for money laundering.

 

[Munch]

A credit card is a loan though..

A car isn't unless you make it one.

 

[03DSG]

A credit card is a loan though..

Actually it’s a zero interest advance if it’s paid in full by the due date.

 

[Tony_YYZ]

You can't pay for a loan with a loan. So $0.

You are able to buy entire cars on Amex charge cards from certain dealers in the USA.

 

[EVDRVN]

The thing to remember is that when you get the points, Tesla has to pay for them. Tesla doesn't want to give 6% to someone else with a partial rebate to you.

Tesla does not pay a 6% discount rate, it is not even 2%.

 

[EVDRVN]

You are able to buy entire cars on Amex charge cards from certain dealers in the USA.

Yes, the operative word is certain and there is a reason.

 

[EVDRVN]

That would be great for money laundering.

Sure if you pay under $10K so you would loose it all after the sale.

 

[EVDRVN]

You can't pay for a loan with a loan. So $0.

What? If Tesla wanted to accept a CC they could, there is no "loan" involved in any way.