Conclusion: You can use a credit card to buy a car, but the specific operation method and choice depend on personal strategy.

Credit cards are indeed a viable means of payment when purchasing a car. At present, the two main credit card car purchase modes are to apply for bill installments after paying the card in full, provided that the credit card limit is sufficient. The other is to make installment payment through a car dealer, but you need to confirm whether your credit card supports the car dealer’s installment payment service. Credit card installment car purchase process is simple, with low threshold and low handling fees, but its cost needs to be compared with the possible bank deposit or investment income.

For example, if you fancy a car worth 100,000 yuan and choose credit card installment, after paying 30% down, the remaining 70,000 yuan will be repaid in three years. The annual interest rate will be about 2,800 yuan in interest. However, if this money is used for bank deposits or investments, the possible interest income is close to 9,000 yuan based on a three-year time deposit. This shows that buying a car in installments with a credit card requires bearing interest costs, and it may be more cost-effective to plan for possible financial gains in advance. Therefore, whether to use credit card installment for car purchase should be measured based on personal financial status and investment expectations.