Visa says Dealer has to accept my card as payment for my BMW. Anyone been told NO !?

Dan203 · 05-27-2008, 04:56 AM

Well there is also the problem that if you don't buy the car from the same dealer who services it then they wont always give you a loaner. Seeing as I live about 30 minutes away from the one and only dealer in my area a loaner is important to me. Otherwise I'll be stuck having to have someone drive a great distance to come pick me up or pay quite a large taxi bill to get home.

Dan

InsaneSkippy · 05-27-2008, 07:09 AM

Quote:

Originally Posted by Dan203

Well there is also the problem that if you don't buy the car from the same dealer who services it then they wont always give you a loaner. Seeing as I live about 30 minutes away from the one and only dealer in my area a loaner is important to me. Otherwise I'll be stuck having to have someone drive a great distance to come pick me up or pay quite a large taxi bill to get home.

Dan

I guess that's where we differ, if I ever have to take my car in for service I'd just have my girlfriend follow me out there. I wouldn't even bother with a loaner even if they offered one, most likely.

Even if you had to have someone come up with you to the dealership, give them $50 bucks and I'm sure they'd be fine with it. $50 is NOTHING when you're talking a savings of thousands for a different dealership.

Dan203 · 05-27-2008, 12:57 PM

Quote:

Originally Posted by InsaneSkippy

$50 is NOTHING when you're talking a savings of thousands for a different dealership.

Depends on how many times you have to have it serviced.

In any case it's too late. I've paid a non-refundable deposit and waited 2 months for this car, there is no way I'm backing out now.

Dan

Tom K. · 05-27-2008, 02:00 PM

[quote=InsaneSkippy;154568]
What about $2,000? I saved more than that by switching to another dealership in Florida.
quote]
While I find it difficult to believe a dealer cut their profit margin on a one for you by well over 50%, enjoy your car. I hope you can get the kind of service on it that I've had from my dealer for years.

Unfortunately, the dealers in my area weren't offering more than $200 off what I paid.
Tom

Jack in Jax · 05-27-2008, 03:28 PM

It is no surprise that Dealers find it advantageous to provide loaners to their Buyers when the car is serviced. Think about it...

The pricing, the quality & availability of parts, and the general level of competence available at your local BMW Dealer's service center are all controlled via standards by the national distributor (BMW NA) and are independent of your status as a 'purchaser' or 'visitor'. So how does a dealership earn the business of the geographic region it's been allocated? And especially so if they feel they 'own' that region's business and choose not to be competitive on purchase price? Their only option, aside from the Designer Coffees at the hospitality bar, is the Loaner.

If you need a loaner (vs. a $40/day rental - Enterprise will pick up/drop off at your home), the dealer really does have a persuasive, attractive offer. If you negotiate on price when purchasing and consider some of the savings as 'payback' when it's time for service (which is what, 4 times in 50,000 miles?), the rental car doesn't sound all that expensive.

Jack

adk749 · 09-05-2008, 06:58 PM

Can a dealer limit how much you charge on your credit card for your down payment? I plan on charging $20k on my credit card (I want the points) - are they allowed to limit the amount I charge (since they have to pay a percentage back to the CC company)? Thanks in advance!

J-Sud · 09-05-2008, 07:02 PM

my SA told me 5k

EINSER M · 09-06-2008, 01:44 PM

i'd be amazed if they let you put 20k on a cc.
each dealership has their own rule, most will let u put about 5k from past experience...

x97Melbourne · 09-06-2008, 01:45 PM

i reported my dealer to mastercard for not accepting anything over $5000.

by the rules of either visa or mastercard no merchant can make a minimum or maximum dollar amount for any transaction. they are fined if they do.

Rearro · 09-06-2008, 05:55 PM

I was going to put 25k down on my amex and the dealer said Hell NO!!!
the most was 3k after lots of going back and forth they gave me another Bullshit 1k for a total of 4k down!! I had to write a check for the rest!!

total and complete BullCRAP!!!!

thurst0509 · 09-06-2008, 06:46 PM

Depends on the dealership. I was able to put $6500 on my American Express but it appears I was lucky to get that much.

JKAWB · 09-06-2008, 07:14 PM

Why would you want to do that? You will be paying interest payments twice on the car, not to mention having the credit card payment and car apyment. Unless you are getting the points, then paying it of immediatley.

EINSER M · 09-06-2008, 08:06 PM

Quote:

Originally Posted by JKAWB

Why would you want to do that? You will be paying interest payments twice on the car, not to mention having the credit card payment and car apyment. Unless you are getting the points, then paying it of immediatley.

if you were to put a down payment on a cc and pay on it that'd be totally insane! i think most people that put their down on a cc turn around and pay it immediately. right now i have a capitalone card that gives 2% cash back, say i could (in my head!) put the entire 135 $45k on it that's 900$ cash back on the spot!

adk749 · 09-06-2008, 08:15 PM

Quote:

Originally Posted by JKAWB

Why would you want to do that? You will be paying interest payments twice on the car, not to mention having the credit card payment and car apyment. Unless you are getting the points, then paying it of immediatley.

I would pay the cc bill off right away and it also lets me get the car a month and a half earlier. There would be six weeks between the date I charged the down payment and when the credit card bill comes due. I could still due it with $5k on the cc but it would be nice to get the cc benefits!

brokemywallet · 09-06-2008, 11:30 PM

it's the finance dept of the dealership that sets the cc charge limit. the reason is that plenty of people charge as much as they can get away with and then try to declare bankruptcy.......

and i think it is a line of bs that visa & mc can penalize a merchant for what amount they can accept.........

jkp1187 · 09-07-2008, 07:05 AM

Quote:

Originally Posted by brokemywallet

and i think it is a line of bs that visa & mc can penalize a merchant for what amount they can accept.........

No, it is my understanding that it is a violation of Visa and MasterCard rules for a merchant to impose a minimum or maximum charge amount -- at least, it was as of the last time I worked in the credit card industry, about 10 years ago.

larryn · 09-07-2008, 08:00 AM

I merged this thread with a virtually identical one, since people have already gone down this road before.

buckwheat986 · 09-07-2008, 08:31 AM

Quote:

Originally Posted by larryn

I merged this thread with a virtually identical one, since people have already gone down this road before.

good idea...thanks

Heinzftw · 09-07-2008, 01:47 PM

Did a bit of researching. Looks like the CC down payment is between 3-5k for virtually everyone. When the money for my car is in hand. I'm finding a dealership that will accept all 40k of it. 2% Cash back I think so!

EINSER M · 09-07-2008, 02:08 PM

for some reason though the max cc charge limit by dealers only applies to CAR SALES. when i paid for my dinan supercharger and labor etc...the bill came out to 25K and they took my cc no questions asked....so its not really the fee they have to pay on the cc bill that bothers the dealership it seems, its something else!

05-27-2008, 04:56 AM	#155
Dan203 Lieutenant Colonel 136 Rep 1,592 Posts Drives: 2016 340i xDrive Join Date: Jul 2008 Location: Carson City, NV iTrader: (1)	Well there is also the problem that if you don't buy the car from the same dealer who services it then they wont always give you a loaner. Seeing as I live about 30 minutes away from the one and only dealer in my area a loaner is important to me. Otherwise I'll be stuck having to have someone drive a great distance to come pick me up or pay quite a large taxi bill to get home. Dan
	Appreciate 0 Quote

05-27-2008, 02:00 PM	#158
Tom K. Major General 124 Rep 5,627 Posts Drives: '07 328iT, '13 Boxster Join Date: Mar 2008 Location: Maryland iTrader: (0)	[quote=InsaneSkippy;154568] What about $2,000? I saved more than that by switching to another dealership in Florida. quote] While I find it difficult to believe a dealer cut their profit margin on a one for you by well over 50%, enjoy your car. I hope you can get the kind of service on it that I've had from my dealer for years. Unfortunately, the dealers in my area weren't offering more than $200 off what I paid. Tom
	Appreciate 0 Quote

05-27-2008, 03:28 PM	#159
Jack in Jax Second Lieutenant 8 Rep 226 Posts Drives: Pearson 424 Ketch Join Date: May 2008 Location: Jacksonville FL iTrader: (0)	It is no surprise that Dealers find it advantageous to provide loaners to their Buyers when the car is serviced. Think about it... The pricing, the quality & availability of parts, and the general level of competence available at your local BMW Dealer's service center are all controlled via standards by the national distributor (BMW NA) and are independent of your status as a 'purchaser' or 'visitor'. So how does a dealership earn the business of the geographic region it's been allocated? And especially so if they feel they 'own' that region's business and choose not to be competitive on purchase price? Their only option, aside from the Designer Coffees at the hospitality bar, is the Loaner. If you need a loaner (vs. a $40/day rental - Enterprise will pick up/drop off at your home), the dealer really does have a persuasive, attractive offer. If you negotiate on price when purchasing and consider some of the savings as 'payback' when it's time for service (which is what, 4 times in 50,000 miles?), the rental car doesn't sound all that expensive. Jack
	Appreciate 0 Quote

09-05-2008, 06:58 PM	#160
adk749 First Lieutenant 27 Rep 347 Posts Drives: '09 135i Join Date: May 2008 Location: New Jersey iTrader: (0)	Credit Card Down Payment Limit? Can a dealer limit how much you charge on your credit card for your down payment? I plan on charging $20k on my credit card (I want the points) - are they allowed to limit the amount I charge (since they have to pay a percentage back to the CC company)? Thanks in advance!
	Appreciate 0 Quote

09-05-2008, 07:02 PM	#161
J-Sud Captain 129 Rep 864 Posts Drives: 2023 M2 Join Date: Aug 2007 Location: Houston, TX iTrader: (1)	my SA told me 5k __________________ Current: 2023 M2 PAST: 2022 Audi E-tron GT, 2021 Lexus LC 500, 2020 Maserati Ghibli S, 2015 M235i, 2014 Audi TTS, 2012 Lexus IS-F, 2009 BMW 135i, 2004 VW GTI
	Appreciate 0 Quote

09-06-2008, 01:44 PM	#162
EINSER M Major General 377 Rep 5,730 Posts Drives: BMW i3 rex Join Date: May 2006 Location: SoCal iTrader: (44) Garage List 2018 I01 i3s \| CURRENT [0.00] 2018 G01 X3 \| CURRENT [0.00] 2017 I01 i3 \| SOLD [0.00] 2017 F48 X1 \| SOLD ... [0.00] 2016 I01 i3 \| SOLD [0.00] 2017 F22 M240 \| SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 \| SOLD [6.00] 2011 E90 335 \| SOLD [8.66] 2012 E82 135 \| SOLD [5.50] 2011 E82 1M \| SOLD [7.94] 2007 E85 Z4M\| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 \| SOLD [0.00] 2008 E82 135 \| SOLD [0.00] 2008 E90 335 \| SOLD [0.00] 2003 E46 M3 \| SOLD [7.50] 2006 E90 330 \| SOLD [10.00] 2003 E46 330ZHP \| SOLD [0.00]	i'd be amazed if they let you put 20k on a cc. each dealership has their own rule, most will let u put about 5k from past experience...
	Appreciate 0 Quote

09-06-2008, 01:45 PM	#163
x97Melbourne Molar World 47 Rep 916 Posts Drives: 2016 435i Coupe Join Date: Apr 2008 Location: Florida iTrader: (0)	i reported my dealer to mastercard for not accepting anything over $5000. by the rules of either visa or mastercard no merchant can make a minimum or maximum dollar amount for any transaction. they are fined if they do. __________________ Current: 2016 435i Coupe Previous: 2014 335i Sedan; 2013 328i Cv, 2011 335i Sedan Gone But Not Forgotten: 2008 135i Convertible (my favorite)
	Appreciate 0 Quote

09-06-2008, 05:55 PM	#164
Rearro Lieutenant 24 Rep 507 Posts Drives: Bmw 135I Join Date: Nov 2007 Location: Silverdale, Wa. iTrader: (0)	I was going to put 25k down on my amex and the dealer said Hell NO!!! the most was 3k after lots of going back and forth they gave me another Bullshit 1k for a total of 4k down!! I had to write a check for the rest!! total and complete BullCRAP!!!! __________________ 2008 135i,Dinan Stage 2,Dinan Free flow exhaust.
	Appreciate 0 Quote

09-06-2008, 06:46 PM	#165
thurst0509 Private First Class 8 Rep 146 Posts Drives: 2008 135i Join Date: Feb 2008 Location: Dallas, TX iTrader: (0)	Depends on the dealership. I was able to put $6500 on my American Express but it appears I was lucky to get that much. __________________ 135i - Sedonarot, black leatherette, gray poplar trim Sport package, comfort access, HD radio, iPod/USB
	Appreciate 0 Quote

09-06-2008, 07:14 PM	#166
JKAWB Second Lieutenant 15 Rep 295 Posts Drives: 08 135i Black Sapphire Join Date: Jul 2008 Location: Tampa FL iTrader: (0)	Why would you want to do that? You will be paying interest payments twice on the car, not to mention having the credit card payment and car apyment. Unless you are getting the points, then paying it of immediatley.
	Appreciate 0 Quote

09-06-2008, 11:30 PM	#169
brokemywallet Slaveaholic 17 Rep 707 Posts Drives: 2006 330I Join Date: Nov 2006 Location: So. Cal iTrader: (6)	it's the finance dept of the dealership that sets the cc charge limit. the reason is that plenty of people charge as much as they can get away with and then try to declare bankruptcy....... and i think it is a line of bs that visa & mc can penalize a merchant for what amount they can accept.........
	Appreciate 0 Quote

09-07-2008, 08:00 AM	#171
larryn Lieutenant General 2146 Rep 10,176 Posts Drives: '97 332ti, '21 X5 45e, '16 GT4 Join Date: May 2005 Location: Seattle iTrader: (2)	I merged this thread with a virtually identical one, since people have already gone down this road before.
	Appreciate 0 Quote

09-07-2008, 02:08 PM	#174
EINSER M Major General 377 Rep 5,730 Posts Drives: BMW i3 rex Join Date: May 2006 Location: SoCal iTrader: (44) Garage List 2018 I01 i3s \| CURRENT [0.00] 2018 G01 X3 \| CURRENT [0.00] 2017 I01 i3 \| SOLD [0.00] 2017 F48 X1 \| SOLD ... [0.00] 2016 I01 i3 \| SOLD [0.00] 2017 F22 M240 \| SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 \| SOLD [6.00] 2011 E90 335 \| SOLD [8.66] 2012 E82 135 \| SOLD [5.50] 2011 E82 1M \| SOLD [7.94] 2007 E85 Z4M\| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 \| SOLD [0.00] 2008 E82 135 \| SOLD [0.00] 2008 E90 335 \| SOLD [0.00] 2003 E46 M3 \| SOLD [7.50] 2006 E90 330 \| SOLD [10.00] 2003 E46 330ZHP \| SOLD [0.00]	for some reason though the max cc charge limit by dealers only applies to CAR SALES. when i paid for my dinan supercharger and labor etc...the bill came out to 25K and they took my cc no questions asked....so its not really the fee they have to pay on the cc bill that bothers the dealership it seems, its something else!
	Appreciate 0 Quote