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posted to rec.boats
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external usenet poster
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First recorded activity by BoatBanter: Aug 2012
Posts: 628
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Can you make boating purchases with an ATM or a Credit Card?
On Sat, 06 Oct 2012 14:20:33 -0400, wrote:
On Sat, 06 Oct 2012 11:54:57 -0400, GuzzisRule
wrote:
On Sat, 6 Oct 2012 10:23:51 -0400, EmpacherFan wrote:
And if so which is better?
I'm hoping for a 300-post thread here. Don't let me down.
When I bought my Key West, the dealer and I agreed on the price. Then he asked how I wanted to
finance it, offering me a choice of three banks/loan organizations he worked with. I told him I
wanted to put it on my VISA. He gave me a funny look, like, "Are you bull****ting me?" Then he said
he had to make a phone call. He came back and said I could put only $10,000 on VISA at one time -
rules of his accounting firm (?). OK, so I said I'd put up $10,000 as a down payment, and then pay
off the boat when it came in. He said that would work. Then, when the boat came in, I put another
$10,000 on my VISA. Because of the rewards program, I got 3% of the $20,000 back. The dealer wasn't
thrilled. I pulled a similar deal when I bought my 5th wheel trailer.
The credit, for the month or so of each charge, was free!
I tried to put my Honda on my AmEx card. The guy gave me the regular
"I have to talk to the boss" thing and when he came back, the price
was 5% higher.
I took the original price and wrote him a personal check.
They sent me on my way in my Honda.
He said they would have let me use the CC for free if I was financing
there and I was only putting the processing and down payment on the
card.
Did AmEx give a rebate? If so it may have paid to put a big down payment and the processing thereon.
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