Is there a website to buy a car online to deliver locally to Los Angeles?

Question

I want to charge the purchase onto my credit card and hate going to dealerships. Is there a trustworthy online site to do this transaction on? Do major dealerships have this option? Please help! I prefer a toyota or lexus hybrid vehicle.

Answer 1

Please think this through before you do anything.  I'm not trying to sound harsh, I'm trying to stop you from stepping off the edge and committing what is probably the single biggest financial mistake of your life.

First of all, you can't buy a car online, I mean it's possible but it's a foolish way to conduct business. You can shop around, compare, seach and decide what you like from your PC, but you can' t complete the transaction without seeing the car. Any car you choose will need to be inspected, driven and looked over carefully before the final decision is made.  You can't do that by looking at a computer monitor.  You have to visit the dealer in person, negotiate the price and make the deal face to face. No matter how uncomfortable it makes you feel. Take a friend or family member with you if the sales staff intimidates you. But please, don't step off the edge of a cliff to avoid a snake.

Second, putting a $30,000 car on a credit card is financial suicide. The interest rate charged on that credit card will be three times what a conventional auto loan will be.  Making your payments double or even triple that of a traditional loan. The way the Credit Card companies calculate interest will also cause you to pay way more interest than you would with a traditional car loan.  

Have you even considered what your monthly minimum payment would be on a credit card with a $30,000 balance?  And by paying only the monthly minimum it will take you forever to pay off a balance that high.  

Maxing out a credit card limit will also severly effect your credit score, even if you do pay it on time.  Using close to 100% of your available credit is a huge mistake and it will cost you by lowering your credit score and causing your interest rate to go up even higher.

Do some research on financing.  Don't make a foolish mistake.  Ask your bank what the best approach will be to a new car purchase. I'm sure they will give you straight forward excellent advice.  And it won't be to put the car on your VISA Card.

I just calculated the payment on a $30,000  credit card balance.  The minimum monthly payment is $750 a month and it will take you a staggering 492 months (41 years) to pay that balance down to zero.

A traditional car loan would be $550 for 72 months (6 years).

Do the math.  Using your credit car that car would cost you $74,615 and you'll pay over $44,600 in interest alone.  Using a traditional car loan you'll pay only $9500 in interest.  You'll save enough money to buy yourself another car.

Please re-think this plan of yours.

Answer 2

try carmax.com

tehy will help you!