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Can I use a credit card as a down payment when buying a car?

Yes, but the premise is that the cardholder’s credit card limit can cover the down payment or the full payment of the car. There are two ways to purchase a vehicle with a credit card:

1. Purchase a car in installments with a credit card , you can go to the dealer to apply for it. Usually 4S stores will support the payment of credit cards to buy cars in installments.

2. Use a credit card to pay off the car in one go. After paying the money, you can apply to the bank for installment payment based on your actual situation, but the credit card limit required to pay off the car in one go will be higher than the selling price of the car.

Are there any fees for using a credit card to buy a car?

There will be certain fees when buying a car with a credit card, but these fees are paid by the 4S store and are calculated based on 0.6 of the card amount. Most merchants will not contribute money. They will make customers bear the cost through additional charges, suggested installment purchases, loan purchases, etc. to avoid their own losses.