MCC 5599 - Car dealerships 
The Merchant Category Code (MCC) 5599 is designated for "Car dealerships," representing businesses involved in the sales of vehicles. These businesses primarily focus on selling new and used automobiles, but may also offer leasing services, financing options, and trade-ins. Car dealerships are key players in the automotive industry, providing consumers with access to a wide range of vehicle options and related services.
Types of Services
- Vehicle Sales: Dealers sell new and pre-owned cars, trucks, and SUVs, catering to diverse customer needs.
- Leasing Options: Many dealerships offer vehicle leasing services, allowing customers to use a car for a fixed term with the option to purchase or return at the end of the lease.
- Financing Services: Dealerships often partner with financial institutions to provide loan options for vehicle purchases, assisting customers with payment plans.
- Trade-In Services: Customers can trade in their existing vehicles as partial payments for new or used cars.
- Extended Warranties and Service Plans: Additional services offered to customers for long-term vehicle maintenance and repair.
Related MCCs
- MCC 5511: Car and Truck Dealers (New and Used): Specifically for dealers selling new and used vehicles, often at a larger scale than smaller dealerships.
- MCC 5521: Automotive Tire Stores: Covers businesses focused on the sale and installation of automotive tires and related services.
- MCC 5532: Automotive Parts and Accessories Stores: Pertains to retailers specializing in the sale of new, used, or rebuilt automotive parts and accessories.
- MCC 5598: Snowmobile Dealers: Represents businesses that sell or lease snowmobiles and related equipment, distinct from traditional car dealerships.
FAQs
- What transactions are typically categorized under MCC 5599?
- Transactions related to the sale, lease, or trade-in of vehicles are typically categorized under MCC 5599. - Why is it important to know the correct MCC for my business?
- Knowing the correct MCC helps in accurate processing of credit card transactions and can affect transaction fees and reporting. - Can a car dealership offer repair services under MCC 5599?
- While dealerships may offer repair services, these are typically categorized under a different MCC specific to automotive services.
MCC Categories
Agricultural Services Airlines Business Services Car rent Cars and vehicles Clothing stores Contract services Entertainment services Government Services Hotels / Resorts Mail / Telephone Sales Membership оrganizations Miscellaneous Stores Not categorized Personal services Professional services Repair services Retail Outlet Services Service provider Transportation Services Utility Services Wholesale suppliers and manufacturers