This much info for a sale?

I would be on the phone and ask THEM that exact question. I'd assume the method of payment talk would have already happened at this point. They're either just going by a standard script or something is screwy. I'd also ask that question.

 

SOP: they want to run a credit check and have financing (in their favor) ready to offer you. They don't really care for cash sales since there's much less profit for them.

 

i would give them nothing.

 

Class Action lawsuit. I can use a new car

 

They'll likely need the license and insurance info for filing the registration.

They want the social to ran credit.

 

Unless you plan on giving them cash for the car, I think they still run your credit before you drive off with their new car.

You still need to have credit for them to take your check and expect it's good

 

I've had this exact conversation with my dealer when I paid by personal check for my car. The check you give them is a piece of paper, in running your credit, it shows how worthy you are in paying debt or not paying debt. They have the option of not taking your personal check / bank check if your credit shows you are not a good candidate for such a transaction.

The only way to avoid this is to give cold hard cash.....which they report to the IRS that you have such a large sum of cash in your possession. There is always some type of credit they are providing you when you drive off with their new car.....even until your check clears.

 

I've paid via cashiers check (100% payment) for my last 7-8 vehicles and they've never run my credit or requested a SSN. Once they know I'm paying cash, all the financing type questions stop. This is in Oklahoma.

 

You are correct, they don't file any forms if you give them a money order or cashiers check. But that once again requires them to take a piece of paper and assume it's genuine and it's good. This is where they run your credit.

 

As a young man right out of college, I worked in sales for a motorcycle dealership and was personally scammed twice in cash sales.

 

If they contact the bank, they would want a SS security number from the bank to run their credit (I know there's no such thing). The bottom line is the dealer is going out of their way to give you a brand new car to drive off their lot, all you're giving them is a piece of paper, promising they'll get money once it goes into their bank. If it bounces for any reason, they are without a new car and they have to do extra work to collect from you. If there's going to be extra work involved, they may want to make a little more money on the transaction.