New Delhi, June 11 -- There is a lot of expense that one can incur when it comes to a vehicle. The usual way we get one of these is through a loan with a financial institution. But one concept that has been increasingly relevant for today's consumer is: can I purchase a vehicle with my credit card?

"Yes, it is possible to buy a car using a credit card, either fully or partially, depending on your credit limit and the dealership's policy. While the convenience is tempting, it's important to understand the financial implications. If the outstanding amount is not paid in full by the due date, credit card interest rates as high as 3.35% per month can quickly add up, far exceeding the typical 9-10% per annum rate of a car loan," says Sameer M...