here is what I have done before.

I have a credit card with credit limit 3K and 0APR for balance transfer and 0 trasaction fee for one year. The credit card company also allows me to ask for a balance transfer check that I can deposit to my bank account. So I requested such a check and put the 30K in to my checking account, paid full by check when purchasing my car. Now I only need to pay off the credit card. One thing you should be carefully is that 0APR on balance transfer has time limit, usually one year for a newly approved card. So you need to either pay the balance in full in one year or do another balance transfer when the current 0APR expires since after one year, the APR will be high, veyr likely, higher than 10%. The other thing is that some credit card companies don't give your balance transfer check that can be put into your account number. Their balance transfer can only be done among credit cards. If you depoist such bt check into your bank account, they may treat it as cash advance with high rate. There are some ways you can actually get the cash out from such balance transfer, but i think it is too much hassle. You can learn more about this on mitbbs money board

Actually, I have another credit card that gives me 2.99%APR untill pay off, which I think is a better deal than higer interests rate car loans.

The cards I used are all citi bank cards. They are pretty good. you can request balance transfer check for depositing to bank account online.So you can take your time reading terms and figure out what you to do, instead of listening to those csr on the phone.

[此贴子已经被作者于2005-11-30 14:39:01编辑过]