Pay With Fuel Credit Card

[3 Card]

You do realize you've asked a financial question to a PR person? Elio isn't financing these they are shopping for lenders to do that for them.

Until Elio announces a particular financial partner for this type of financing all the answers you have are just hearsay. When they do announce one you can ask your question to the finance company who I'm sure will be happy to oblige.

There is no banker in their right mind that would turn down a secured loan on a vehicle for a balance on a credit card. The reason credit cards carry such high interest are b/c they are almost completely unguarded from consumer default. When you finance a car the bank takes the title into it's possession and owns the car until you pay it off. Should you default they repo the car, auction it, and then go after you for any shortage.

You do realize you've asked a financial question to a PR person? Elio isn't financing these they are shopping for lenders to do that for them.

Until Elio announces a particular financial partner for this type of financing all the answers you have are just hearsay. When they do announce one you can ask your question to the finance company who I'm sure will be happy to oblige.

There is no banker in their right mind that would turn down a secured loan on a vehicle for a balance on a credit card. The reason credit cards carry such high interest are b/c they are almost completely unguarded from consumer default. When you finance a car the bank takes the title into it's possession and owns the car until you pay it off. Should you default they repo the car, auction it, and then go after you for any shortage.

Dude, the credit card is no more than a payment book.. you still have to qualify ... pay cash.. you got plenty of time to save for it

 

[2.ooohhh]

No, to a financial institution a credit card is a completely different type of account than a secured loan and they are governed VERY differently.

I've been lucky enough to never finance a car and I won't start with the elio, though I did once put a new car on my credit card until I sold the old one.

 

[Ty]

It's not a scam... maybe a high interest rate OPTION, but not a credit card SCAM. People will know what they are getting into before choosing that option.

 

[zelio]

Not to good with credit card interest, but wouldn't the interest charge be less than $3 on $125.00 for 30 days, even at 24%? Can someone help?

The problem there is the interest isn't on $125. It is on at least $6,925. Remember the Elio purchase is also on the card.

 

[Ty]

The problem there is the interest isn't on $125. It is on at least $6,925. Remember the Elio purchase is also on the card.

Well, minus the $1,500!

 

[H2odog]

You do realize you've asked a financial question to a PR person? Elio isn't financing these they are shopping for lenders to do that for them.

Until Elio announces a particular financial partner for this type of financing all the answers you have are just hearsay. When they do announce one you can ask your question to the finance company who I'm sure will be happy to oblige.

There is no banker in their right mind that would turn down a secured loan on a vehicle for a balance on a credit card. The reason credit cards carry such high interest are b/c they are almost completely unguarded from consumer default. When you finance a car the bank takes the title into it's possession and owns the car until you pay it off. Should you default they repo the car, auction it, and then go after you for any shortage.

What,s the point of this debate anyway? It is based on speculation and conjecture, and darned little fact, or at least to fact that pertains to this situation. Congratulations on your 770, 3Card, but why do you feel the need to advertise it? While I have credit and credit cards too, there won't be a dime of my Elio on either. Just saying.

 

[Craig]

What,s the point of this debate anyway? It is based on speculation and conjecture, and darned little fact, or at least to fact that pertains to this situation. Congratulations on your 770, 3Card, but why do you feel the need to advertise it? While I have credit and credit cards too, there won't be a dime of my Elio on either. Just saying.

Kind of low if you ask me. Bought my Sonic last year, financed through dealer and got .9%

 

[3 Card]

It's not a scam... maybe a high interest rate OPTION, but not a credit card SCAM. People will know what they are getting into before choosing that option.

I agree with that 100%.. But Did all in here ?..Never said the credit card is a scam, I said elio could be

 

[3 Card]

What,s the point of this debate anyway? It is based on speculation and conjecture, and darned little fact, or at least to fact that pertains to this situation. Congratulations on your 770, 3Card, but why do you feel the need to advertise it? While I have credit and credit cards too, there won't be a dime of my Elio on either. Just saying.

Ditto

 

[3 Card]

Kind of low if you ask me. Bought my Sonic last year, financed through dealer and got .9%

Congrats on your sonic..Almost like an Elio