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Can a credit card make a down payment on a car?

Using a credit card to make a down payment on a car come with risks and — depending on the type of credit card you have — rewards. Consider whether your finances would take a hit with a credit card and auto loan payment each month, especially if you’re being charged interest on your credit card balance.

Can a dealer take a credit card for a down payment?

Others accept credit cards but charge a fee for the transaction. Plus, if your dealer is willing to take a credit card for a down payment, it will only work if you have a high enough credit limit, unless you are spreading the payment over several cards.

What is a good down payment for a new car?

An appropriate down payment size can depend on whether the purchased car is new or used, the buyer’s credit rating, the dealership and the auto loan terms. Generally speaking, the more you can put down, the less interest you’ll pay over time, but the average down payment is between 10% and 20% of the vehicle’s cost.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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