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Cars and Transportation
Reply to "Buying a Car Using Amex Platinum"
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[quote=Anonymous][quote=Anonymous]Are used to work at a high-end hotel that did weddings in big events we have clients all the time pay for the entire wedding with their American Express card sometimes $50-$60,000. The same with hotel rooms business is booked blocks of hotel rooms for their clients and the bill can be in the tens to $20,000 range and it gets put on the company credit card.[/quote] They do it because peopel aren't financing (compared to buying a car) so they need to have a way to accept that much money; and the margins are so high that they can afford to eat the processing fees. Margins on new cars are not great -- dealership make the bulk of their _profits_ from service and parts.[/quote]
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