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02-05-2009, 11:26 PM | #1 | |
Drives: 2003 Mach 1 Join Date: Oct 2008
Location: Georgia
Posts: 293
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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 Quote:
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02-05-2009, 11:51 PM | #2 |
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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02-06-2009, 12:00 AM | #3 | |
Drives: 2003 Mach 1 Join Date: Oct 2008
Location: Georgia
Posts: 293
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Anyways, I'm going protest if i comes up...I think I'll call the local BBB tomorrow too! |
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02-06-2009, 12:47 AM | #4 |
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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02-06-2009, 12:55 AM | #5 |
Shush!
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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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"Kids sure like the devil these days" |
02-06-2009, 09:42 AM | #6 | |
Drives: 2003 Mach 1 Join Date: Oct 2008
Location: Georgia
Posts: 293
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Got this response:
Quote:
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02-06-2009, 09:47 AM | #7 |
SIPNDEW
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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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02-06-2009, 09:56 AM | #8 |
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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02-06-2009, 10:05 AM | #9 |
Drives: '08 Yaris Join Date: Oct 2008
Location: Dover, Ohio
Posts: 7,606
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+1 on the certified bank check.
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02-06-2009, 10:28 AM | #10 | |
Start another Oil Thread!
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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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Quote:
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02-06-2009, 10:55 AM | #11 |
I would be seeking another dealership
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some people are little slinkies. . . . .they are really good for nothing. . . .but they still bring a smile to your face when you push them down a flight of stairs. Come to the DARKSIDE..... We have candy
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02-06-2009, 11:10 AM | #12 |
I really LOVE this car!!!
Drives: 08 Bayou Blue LB AT Join Date: Oct 2008
Location: Lexington, SC USA
Posts: 887
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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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02-06-2009, 11:36 AM | #13 | |
Drives: 2008 Yaris 3-door Meteorite Join Date: Oct 2008
Location: Southeast
Posts: 398
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If they ran a credit check on me, I wasn't aware, but why would they have? |
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02-06-2009, 11:37 AM | #14 |
Drives: 08 Yaris Sedan Join Date: Oct 2008
Location: California - Bay Area
Posts: 2,773
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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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02-06-2009, 12:32 PM | #15 |
Drives: 2003 Mach 1 Join Date: Oct 2008
Location: Georgia
Posts: 293
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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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02-06-2009, 12:51 PM | #16 |
Banned
Drives: yw calls me douche and racist. Join Date: Aug 2007
Location: hay
Posts: 2,183
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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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02-06-2009, 12:51 PM | #17 | |
Banned
Drives: yw calls me douche and racist. Join Date: Aug 2007
Location: hay
Posts: 2,183
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Quote:
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02-06-2009, 01:07 PM | #18 | |
I really LOVE this car!!!
Drives: 08 Bayou Blue LB AT Join Date: Oct 2008
Location: Lexington, SC USA
Posts: 887
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Or maybe a tall blonde in stilettos, fishnets and a mini skirt. make it memorable. |
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