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Old 02-06-2009, 12:26 AM   #1
firebird1999us
 
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Dealer(s) told me they needed to run my credit report even though I'm...

...not financing the car. Several different dealers made reference that they needed it to confirm my identity. I've read in a few places that this is a scam and that the dealer only wants that info to run my credit report so they can run it at several different lenders and make kickbacks from them as aresult for initaiting financing....or soemthing like that??

http://www.carbuyingtips.com/scams.htm

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Abuse of the Patriot Act?
We are getting complaints from car buyers who have their own car financing from a credit union or an online lender, and the car dealer forces them to sign a credit application anyway, falsely claiming "it's required by the Patriot Act". There is no verse in the Patriot Act that I can find requiring you fill out a credit application, or allowing dealers to run credit checks on you when you bring your own car financing. Their bogus claim sounds believable, but armed with verbiage of the law, you can stop them. Here's a link to the Patriot Act: http://www.lifeandliberty.gov/highlights.htm. Ask the car dealer to tell you which exact section of the Patriot Act requires them to make you fill out a credit application when you have your own financing, and collect your Social Security number, and run your credit report. Since they claim it's required, they should be able to show you the verbiage (HINT: They can't). The Patriot Act (H.R. 3162), Section 326 "Verification of identification" requires banks and financial institutions to verify your ID before you open an account. Since you are not opening an account with the dealer and they are not a bank, they don't need you to fill out a credit application or a Patriot Act form. The Patriot Act form I filled out for my mortgage only asks for your loan number and driver's license number, not your SS#, and it does not say "Credit Application" on it. The Patriot Act specifically calls out driver's licenses or passports for ID verification. Nothing more. Dealers fool you into filling out the credit app, so then can run your credit through a half dozen local banks in an attempt to lead you into the dealer's financing so they can get more commission. But why all the lies?
Anybody got any ideas here? I'm tempted to put up a fight about it when I go to buy tomorrow?
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Old 02-06-2009, 12:51 AM   #2
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I had the same thing happen to me with the first Yaris I looked at purchasing. I was paying cash, yet they insisted they had to have my social security number and all kinds of paperwork to sell me the car. They did mention the Patriot Act when I protested, come to think of it. I ended up leaving, and I financed a new Yaris at a different dealership instead of buying the used LB. It will cost me more, but my privacy is worth more to me - it's one thing for them to use my information if they're providing the financing, but there is no reason for it if you are paying them upfront.

Edited to add: Why do they need to confirm your identity, anyway? It's not like you're going to skip out on payment. Your driver's license should be all the confirmation they need.
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Old 02-06-2009, 01:00 AM   #3
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Originally Posted by brainless twit View Post
I had the same thing happen to me with the first Yaris I looked at purchasing. I was paying cash, yet they insisted they had to have my social security number and all kinds of paperwork to sell me the car. They did mention the Patriot Act when I protested, come to think of it. I ended up leaving, and I financed a new Yaris at a different dealership instead of buying the used LB. It will cost me more, but my privacy is worth more to me - it's one thing for them to use my information if they're providing the financing, but there is no reason for it if you are paying them upfront.

Edited to add: Why do they need to confirm your identity, anyway? It's not like you're going to skip out on payment. Your driver's license should be all the confirmation they need.
Well that's my thinking...I'm getting one hell of a deal on the car, but I don't want my credit pinged for no apparent reason

Anyways, I'm going protest if i comes up...I think I'll call the local BBB tomorrow too!
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Old 02-06-2009, 01:47 AM   #4
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Stick to your guns on this one , all they need is proof of drivers licence, and
proof of address (ie power,phone bill etc)
Well thats whats required here in New Zealand anyway.
best of luck .Are you still going for the Yellow One.
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Old 02-06-2009, 01:55 AM   #5
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copied direct from patriot act: establishing minimum new customer identification standards and recordkeeping and recommending an effective means to verify the identity of foreign customers



so they are full of POOP! tell em to shove that yaris where the sun dont shine.. you can find one at a dealer who isnt gonna run a credit report.. everytime your credit is run, it drops a few points...just so ya know... and people can see where and how many times you have been accessed...
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Old 02-06-2009, 10:42 AM   #6
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Got this response:

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We pull your credit once to verify that you are who you say you are, If your credit score is under 600 we can't except a personal cheque,it would have to be certified cheque.

We make you sign a privacy notice stating we do not share this information with anyone.!!!

It's more a security measure we let you leave with our vehicle and a hold cheque...?

Hope this helps.
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Old 02-06-2009, 10:47 AM   #7
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i would skip the check part and just pay cash if they are saying its for check reasons.
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Old 02-06-2009, 10:56 AM   #8
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So why not just get a certified check from your bank, then it doesn't matter what your credit score is? Their logic still doesn't make sense to me, but if that's the big deal, get a cashier's check and be done with it. I still don't see any reason why they need to run a credit check.
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Old 02-06-2009, 11:05 AM   #9
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+1 on the certified bank check.
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Old 02-06-2009, 11:28 AM   #10
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didn't read the thread, but in short, they DO need your social. they DO need your ID but they don't need to run your credit.

salesmen have to fill out a form for the IRS if someone drops over $10,000 cash on a car IIRC.. keeps people from laundering money through a dealership.
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Old 02-06-2009, 11:55 AM   #11
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I would be seeking another dealership
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Old 02-06-2009, 12:10 PM   #12
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Paid cash, well certified check, for my older daughter's car a couple of years ago. They did not ask for a SSN, just my id.
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Old 02-06-2009, 12:36 PM   #13
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Originally Posted by brainless twit View Post
I had the same thing happen to me with the first Yaris I looked at purchasing. I was paying cash, yet they insisted they had to have my social security number and all kinds of paperwork to sell me the car.
Hmm. Did you pay CASH cash (hard cash), cashier's check, money order, or personal check? I used the last, from a money market account, and I signed some papers; quite likely I also gave them my SSN. If so, I didn't think twice about it; I was just so ready to get outta there and be done with salesmen!

If they ran a credit check on me, I wasn't aware, but why would they have?

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Old 02-06-2009, 12:37 PM   #14
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Yeah they have to run your credit report if you are paying with a personal check. Unless your walking in with briefcases full of cash they are looking out for thier best interest. If they pull your credit and they see bad credit with reposetions they would think twice about accepting a personal check and want you to pay with a certified one to entrust they wil be keeping th emoney.
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Old 02-06-2009, 01:32 PM   #15
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I talked to a very good friend of mine's dad who is in management at a completely seperate car dealership that I am not buying a car from...he said that that is standard procedure nowadays and that by law they are prohibited from shopping your credit information to anyone. And also that it is purely for security purposes. So considering I've talked to 4 seperate dealers at this point and they all have the same answer I think that's just kind of how it is on new car purchases in Georgia
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Old 02-06-2009, 01:51 PM   #16
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Roll up baller style. With a suitcase filled with cash. Except have someone else hold it. Have him wear a suit. When you snap your fingers, have him plop down the cash, harsh style and open it. hahahha
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Old 02-06-2009, 01:51 PM   #17
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Quote:
Originally Posted by firebird1999us View Post
I talked to a very good friend of mine's dad who is in management at a completely seperate car dealership that I am not buying a car from...he said that that is standard procedure nowadays and that by law they are prohibited from shopping your credit information to anyone. And also that it is purely for security purposes. So considering I've talked to 4 seperate dealers at this point and they all have the same answer I think that's just kind of how it is on new car purchases in Georgia
Well, I think theres the problem right there. You're asking dealers. You've got to ask a non biased person. Maybe a lawyer.
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Old 02-06-2009, 02:07 PM   #18
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Roll up baller style. With a suitcase filled with cash. Except have someone else hold it. Have him wear a suit. When you snap your fingers, have him plop down the cash, harsh style and open it. hahahha
Awesome. Take photos.

Or maybe a tall blonde in stilettos, fishnets and a mini skirt. make it memorable.
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