When is worth buying a car with a credit card? If you car thinking of purchasing a car but don’t have the money for a deposit, you may want to consider using your credit card. If the car you would like to purchase is less than $5,000 then a car purchased may be the best option. If the loan amount is more than $5,000 then a loan broker is your best bet.

If you have a credit card then you can put the car straight on the card but if you don’t have a credit card then you will need to contact your local bank or credit union. Other companies do offer credit cards so do your research. Below are some tips:

• Credit card attract a surcharge up to 2.5% as a transaction fee.
• If you are getting a new credit card then some banks have specials for the first six months of the loan, which can save you plenty of interest rate charges and give you a bit of time to make some interest free repayments.
• When you use a credit card to purchase a car you don’t want to max out your credit card or you may find it difficult to manage your day-to-day shopping.
• Reward points are another benefit to using a credit card to purchase a car.

At the end of the day you need to weight up the pros and cons of using a credit for purchasing a car. If you have any questions feel free to contact natloans for any of your car loan enquiries. We offer condition free loan advice. Call 130 628 562 – http://www.natloans.com.au