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Old 05-11-2015, 01:37 PM   #1
Mini-Skoolie
 
Join Date: Mar 2015
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can you buy a bus with a credit card?

So random question, been thinking of different ways to get my bus sooner than later, I came across a possible idea. I have never had a credit card and never planned on getting one, but seeing as how every time we get a plan going to help save everything falls apart and doesnt assist in savings. SO I started thinking ok if I cant get enough money any time soon to pay cash upfront do you think its possible to use a credit card to purchase a used bus. Obviously this limits my area of looking ex: car lots, some auctions although few that ive found so far, and ebay. Any thoughts? Ive never dealt with credit cards since other than banks screwing you and making money off of you by putting yourself in debt I see no point to them. But this looks to be my only current possibilty of realistically getting my bus and getting out of.rent in FLORIDA.
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Old 05-11-2015, 02:22 PM   #2
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I bought mine on my Discover card and got 85 cash back bonus.
But you have to pay it off before the interest kicks in.
Credit cards are dangerous and they really suck but sometimes they are handy.
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Old 05-11-2015, 04:45 PM   #3
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What makes you think this would work? You have already said that you have trouble with a plan to put away money. What are you going to do if you now have credit card debt and said plan goes south? You would now have a debt that's hard to pay off. If you don't pay it off and go with some sort of monthly payment the interest will eat you up.
The places you mentioned that would take credit cards will, in all likelihood, charge more for a comparable bus that you could get somewhere else.
You sound young, do you have a place to park the bus, work on it and live on it rent free? How are you going to pay for all of the many, many things needed to convert a bus? I would think you would need a minimum of $2000 to buy things AFTER buying the bus, just to make something you could live in.
Living rent free sounds good, but "Ain't nothin' free"!!!
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Old 05-11-2015, 05:34 PM   #4
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ah you misunderstood me when i said money is a problem. I can save like nobody's business but when you live in central florida and every business owner is trying to not pay on their employees insurance that they get a fee for if you hit 30 hours a week whether you have that health insurance or not thanks to that whole thing they passed last year saying everyone needs insurance. Even though I do not have insurance and have no care to take it, my job cut everyones hours by half I've been getting 18 hours a week and hardly scraping by to pay bills at all. I have $1800 put away for the bus so far. But now its impossible to save because I literally make enough to pay the bills and that's that. I've been searching for another job but so far nothings gone through unfortunately. I did have a sure fire place to park it but that fell out because my mother "of whoms house I was going to park it" decided that me and my other half can not move in with her UNLESS WE GET MARRIED because she doesn't want god looking down on an "Unmarried" couple sleeping in the same room.. Now on a side note we where going to move in back in with her to help her out on bills and also it would cut our rent to less than half and I could easily save again even on my shitty hours i'm receiving. But thanks to my younger sister who is all why can't my boyfriend spend the night this whole "marriage" thing came up(mind you me and Aj have been together 8 years this july, my sister has been with this guy 1 month). Now to elaborate I am very responsible and Not THAT young; I am young at 26 yrs old but I am no moron I do not make irresponsible decisions unless of course you live in a box and think following your dreams is a bad decision then of course i make horrible decisions. I do not have credit cards for just no reason, I go without most "necessity's" specifically because money means nothing to me other than the fact we are forced to use it. I have no debt other than a student loan i'm almost done paying off and that was forced upon me BY my mother when i still lived with her years ago. Anywho beyond all that I'm going to look into the lot my friend has his bus parked at which is a whopping $50 a month! incredibly reasonable and I could manage that even with renting as long as not one extra penny is spent. :icon_e_smile: i was just curious about the credit card thing because if I keep waiting for everything to just be ABSOLUTELY SURE ITS SAFE then well I will just continue waiting till i die here along with everyone that moves here literally to die. Also luckily my dad has a shed full of tools he left behind when he moved out of state, and my friend has stocked up on multiple tools as well, so alot of that I can borrow thanksfully!
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Old 05-11-2015, 05:35 PM   #5
Mini-Skoolie
 
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how long did you have roughly to pay it back before the interest set in? I know its different per person and credit rating and all that jazz, but just trying to get rough ideas
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Old 05-11-2015, 05:50 PM   #6
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I paid mine off in one lump payment. Well most of it. A few weeks later.
But if you've got 1800 bucks you're getting there. Do it credit free. If anything use a card to build it out.
I mean, I only paid 2100 for my bus and its a pretty darn good bus.
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Old 05-11-2015, 06:19 PM   #7
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In most states after a seven year co-habitation it automatically becomes a common law marriage. You might check regulations in your state but it looks like you are already married and don't get roped into thinking you need a license from the state to be married. In the prior Century all it took was two signatures on a Parish register or in a Bible. On the credit card you could probably qualify for one of those zero interest items for six months which could give you enough time to get it paid off if everything falls into place. I would look into a credit union account which doesn't
extract every ounce of interest you can afford. Our last bank was paying a whopping 1% interest on our savings account and charging a $10.00 a month maintenance fee on our checking account, gotta love Chase. Our credit union pays 4% with no fees and gives a debit card that is also a Visa Card. Stay away from AMEX predators. Hope this gives you some ideas, it's all going to come down to timing and preparation i.e. "Good Luck" is when proper preparation meets the right opportunity. If you want
it bad enough you will make it happen if it's not that important there is always an excuse.
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Old 05-11-2015, 06:22 PM   #8
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no common law marriages here.
Quote:
There is no way to initiate a new common law marriage in Florida. However, because common law marriage in Florida was legal until 1968, common law marriages taking place before that year are still recognized by Florida state law. Also, several states still recognize common law marriages for couples who meet certain requirements, and if you were common law married in one of these states, you retain your married status upon moving to the state of Florida. Generally, the laws governing whether you are able to be married or not are determined by the state where your marriage took place, even if the state you move to has different laws. If you had a common law marriage in Florida prior to 1968, other states will recognize this common law marriage from Florida as valid.
But I think the mother sounds like she would probably want a "real" wedding.
If you need to get married, though, I CAN help with that! I'm a licensed minister and can legally marry you in Fl.
I'd only charge you one six pack of gluten free beer.
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Old 05-11-2015, 06:33 PM   #9
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lol ,yes east coast is right Florida doesn't make anything easy, common law does not count as far as now a days is concerned. I am not going to get married simply because that's what my mother wants. although that is hilarious and I feel like getting you some gluten free beer just for the sake of it! my friend is also able to do weddings and offered similar. But i have no intention of getting married atleast not officially and not in florida. We shall see what happens, I am not going to worry about it everything happens for a reason and this mainly reminded me what it was like living at home before i moved out LOL parents always trying to shove they're opinions onto you. It comes down to the fact mainly that it would be a wedding for her not for us and that's not cool nor is it what a wedding is supposed to symbolize. I did say however, Ok mom if I get my bus we can do it in the doorway. and she responded WELL thats not gonna be before you move in here is it? I said probably not and she was like well that doesn't work then. LoL
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Old 05-11-2015, 06:37 PM   #10
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Before going the Credit Card route, you may investigate an unsecured personal loan through your bank or credit union...cheaper rates, no security if your credit is good (so its irrelevant what you plan to purchase) and your clock is not speeding toward a cliff of introductory interest rate period expiration.
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