|
|
|
05-19-2008, 11:08 PM | #1 |
Colonel
123
Rep 2,295
Posts |
Mastercard/Amex?
Good topic here: http://www.1addicts.com/forums/showthread.php?t=9095
I'm putting down 10k for the 135i on delivery, anyone know if dealers must/can accept MC or AMEX for that $10k? I just want the points |
05-19-2008, 11:18 PM | #3 |
Major
46
Rep 1,473
Posts |
for basic popular media stuff on that:
http://www.news.com.au/business/mone...013952,00.html |
Appreciate
0
|
05-19-2008, 11:30 PM | #5 |
Major
46
Rep 1,473
Posts |
simple kris, ask them the fee if you paid the amount you want to pay (which should, i think, be no more than 0.05% of the transaction value) and then see whether you could just buy your ff points cheaper from the rewards company - if not then go for it!
|
Appreciate
0
|
05-19-2008, 11:41 PM | #9 |
Major
46
Rep 1,473
Posts |
|
Appreciate
0
|
05-19-2008, 11:47 PM | #10 |
Brigadier General
457
Rep 4,822
Posts |
Depends on the dealer. They may charge you a couple of percent for it (more if Amex). I put $15k on AMex on my AMG for the same reason as you Kris.
|
Appreciate
0
|
05-19-2008, 11:51 PM | #11 |
Colonel
123
Rep 2,295
Posts |
Wayne, did they charge you? Amex told me there is nothing they can do about merchant imposed fees. However, I just called mastercard based in the states and they said its against Mastercard practices to impose merchant fees on consumers. Does this then mean if BMW accept mastercard and slug me $275 then I can dispute this charge with BMW and or Mastercard and get my money back??
|
Appreciate
0
|
05-19-2008, 11:54 PM | #12 |
Colonel
123
Rep 2,295
Posts |
My email to BMW after they replied 'Mastercard attracts $150 charge'
Hi XXXXX Thanks. The purpose for this is of course frequent flyer points. I called Mastercard who said it's against Mastercard Merchant practices to impose Fees on consumers ONLY for Mastercard purchases. Amex has no official rules and therefore fees are able to be charged. With this in mind, will BMW accept a mastercard payment of $10,000 without fees for the deposit. I know Trivett has a system that allows consumers to buy cars or pay for deposits using such cards for this very purpose Hoping we can work something out. Regards Kris |
Appreciate
0
|
05-19-2008, 11:58 PM | #13 |
Brigadier General
457
Rep 4,822
Posts |
Nope they didn't charge me. But of course they have a much bigger margin with the AMG as well. All comes down to how much they are willing to absorb as a business.
|
Appreciate
0
|
05-20-2008, 01:38 AM | #19 |
Major General
2814
Rep 7,637
Posts |
Kris..I am a Amex and M/C merchant..
BMW would be paying 3.4% on the transaction to Amex.. Where on the other hand M/C merchant fee would attract about 0.8% to the dealer depending on which bank they are with.. |
Appreciate
0
|
05-20-2008, 02:01 AM | #20 |
Second Lieutenant
6
Rep 283
Posts |
Las week I was at a Lexus dealer and ask the same question to guy in finance, they told me that if I wanted to pay for the whole car by credit card (75,000) that was fine, they accept that, but only the first 5,000 were free, the rest I would have to pay their commision, and Amex, charges more, so that means I would have to pay more if I use it than if I use a Visa, but that way I could get my points.
|
Appreciate
0
|
05-20-2008, 05:35 AM | #22 |
Major
50
Rep 1,474
Posts
Drives: 135i MT, LMB, ProNav
Join Date: Nov 2007
Location: Scamander, Tasmania
|
I put $5K deposit on my visa back in December. Dealer didn't mind.
__________________
Fun Car: 135i Manual LeMans Blue / Beige Leather / Grey Poplar / pro nav / euro plates. Delivered 24 June 08 Family Car: Land Rover Discovery 4 SDV6 Spare Car: Volvo V70 Sydney Car: MB 420SEL |
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|