credit union vs. credit card for car purchase

indianamom · 02:16 PM

Well my car is no longer running properly and to get it fixed will cost me more than it's worth. I'm plowed too much into this beater over the past couple years and it just isn't worth it anymore. The interest rates on cars are crazy right now. Can you believe GM is charging 8.9% on new car models and that is if you have good credit! I was hoping my fellow Credit Card Forum enthusiasts here could tell me the best way to handle a car purchase. Without the 0% offers around for new cars I ought to probably buy used. But should I go to a credit union or should I buy my car on a credit card?

02:16 PM	#1
indianamom Gold Member Join Date: Oct 2008 Location: Bloomington Posts: 35	credit union vs. credit card for car purchase Well my car is no longer running properly and to get it fixed will cost me more than it's worth. I'm plowed too much into this beater over the past couple years and it just isn't worth it anymore. The interest rates on cars are crazy right now. Can you believe GM is charging 8.9% on new car models and that is if you have good credit! I was hoping my fellow Credit Card Forum enthusiasts here could tell me the best way to handle a car purchase. Without the 0% offers around for new cars I ought to probably buy used. But should I go to a credit union or should I buy my car on a credit card?

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