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Credit card payment

Discussion in 'Model S: Ordering, Production, Delivery' started by diamond225th, Apr 19, 2013.

  1. diamond225th

    diamond225th Member

    Joined:
    Apr 11, 2013
    Messages:
    16
    Location:
    Honolulu, Hawaii, United States
    Any reason why I can't use a credit card for partial payment of my Tesla Model S? I was told this isn't possible:eek:. My question is why? Any information is appreciated. Thanks!
     
  2. dsm363

    dsm363 Roadster + Sig Model S

    Joined:
    May 17, 2009
    Messages:
    18,321
    Location:
    Nevada
    The credit card company takes a small percentage fee out of the payment so Tesla would either have to charge you more or take a hit on their profit. Would be great for points though.
     
  3. LazyBear

    LazyBear Member

    Joined:
    Mar 5, 2013
    Messages:
    38
    Location:
    Seattle
    I believe in some states it is prohibited by law. I remember same situation years ago when I was buying a car and dealership only accepted a check
     
  4. Doug Martoccia

    Joined:
    Jan 5, 2013
    Messages:
    226
    Location:
    Hermosa Beach, California, United States
    But I was allowed to put my deposit down with my Mastercard...just saying...
     
  5. NigelM

    NigelM Recovering Member

    Joined:
    Apr 3, 2011
    Messages:
    13,355
    Location:
    Northern Virginia
    Deposit up to $5k has always been allowed. This compares well to local dealerships here who usually have a $2k limit.
     
  6. mlemke

    mlemke Member

    Joined:
    Mar 14, 2013
    Messages:
    53
    Location:
    Henderson, NV
    I once put some PWC's on a credit card and the dealer was afraid of the credit card protection. They told me there is no 3 day right of rescission on motor vehicles, but that by buying with AMEX, the credit card company provided me the ability to return the Sea Doos in a few days. I told them I would sign an affidavit promising not to return them and they accepted the card. Small time dealer so take that with a grain of salt, but if I were in his shoes I would have the same concern.
     

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