BoatBanter.com - View Single Post - Can you make boating purchases with an ATM or a Credit Card?

iBoaterer[_2_]

In article 4c5b19c6-02ae-4eaa-baa3-
, says...

On Oct 6, 1:07*pm, jps 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!

Yes, you got your points and the dealer took it in the shorts because
it cost 'em another 3% to run your card.

Don't think that'll end up driving up prices? *Think again. *But I
know that all you're concerned about it you.

If they didn't want to do it, then they wouldn't have agreed to the
deal on those terms.. Sure they took a hit but they sold the boat.
BTW, the dealer also has to pay for the CC processing machine, AND a
monthly user fee. But people who start accepting CC's, usually have
quite an increase in business.

And ultimately, those costs get passed down to the consumer, so the
cards are NOT free. My neighbor, who used to sell and service point of
sale contracts actually laughed when I told him there were people here
who think there credit cards are free just because they pay them off
every month!!