Is Dealer Required to Run Credit Report When Paying Cash/Certified Funds?
#1
Is Dealer Required to Run Credit Report When Paying Cash/Certified Funds?
Silly question, or not. I almost always buy my cars from private parties as private party purchases in my state pay no sales tax. However, I have been looking and looking for a Turbo S at a fair price and there is on at a Porsche dealership out of state in California, I am in Nevada. Well, said dealer is wanting drivers license, insurance and what they call a 5 line on the credit report which requests my social security number. Last time I paid for a car with a check at a dealer, they pulled this stuff and next thing I know, my near perfect credit has an inquiry on it. I don't need/want credit, I am just stroking a check, sending bank wire, etc.
And to add insult to injury, in California they collect California sales tax on out of state sales even though I am in Nevada and paying sales tax here. if not, now I have to bother with having said car shipped and worse, waiting.
Opinions please, what is the dealer required to do, if I want my credit to not be run do I have to buy from a private party and keep searching for a car.
Thanks
And to add insult to injury, in California they collect California sales tax on out of state sales even though I am in Nevada and paying sales tax here. if not, now I have to bother with having said car shipped and worse, waiting.
Opinions please, what is the dealer required to do, if I want my credit to not be run do I have to buy from a private party and keep searching for a car.
Thanks
#2
I just bought my 2015 RR on October 31 at a dealer for cash and they didn't run my credit, just called the bank to verify the check, course they took my 2012 RR in trade but I still wrote a $67k check. I live in Austin and this was San Antonio.
#3
That's what I recall too. If paying personal check, or bank wire, no reporting required. If paying green back, money order, etc, then yes they are required to report that. Here I am doing bank wire or personal check, they would need a personal check to clear, though that hasn't ever been an issue for me in the past.
#4
Silly question, or not. I almost always buy my cars from private parties as private party purchases in my state pay no sales tax. However, I have been looking and looking for a Turbo S at a fair price and there is on at a Porsche dealership out of state in California, I am in Nevada. Well, said dealer is wanting drivers license, insurance and what they call a 5 line on the credit report which requests my social security number. Last time I paid for a car with a check at a dealer, they pulled this stuff and next thing I know, my near perfect credit has an inquiry on it. I don't need/want credit, I am just stroking a check, sending bank wire, etc.
And to add insult to injury, in California they collect California sales tax on out of state sales even though I am in Nevada and paying sales tax here. if not, now I have to bother with having said car shipped and worse, waiting.
Opinions please, what is the dealer required to do, if I want my credit to not be run do I have to buy from a private party and keep searching for a car.
Thanks
And to add insult to injury, in California they collect California sales tax on out of state sales even though I am in Nevada and paying sales tax here. if not, now I have to bother with having said car shipped and worse, waiting.
Opinions please, what is the dealer required to do, if I want my credit to not be run do I have to buy from a private party and keep searching for a car.
Thanks
I've never bought a car from California through a dealer however.
Doesn't make any sense to me unless there is some new homeland security/IRS nonsense...lol
#5
I just spoke with my salesman, well when I said it was a no go for me to give my ss# as I was paying bank wire (they know where the funds come from, duh), he at first said has to have it, but then he spoke with a manager and turns out they DONT need my ss# after all. They do have to verify my identity for some type of watchlist thing, but that can be done with name, address and date of birth.
#6
I just spoke with my salesman, well when I said it was a no go for me to give my ss# as I was paying bank wire (they know where the funds come from, duh), he at first said has to have it, but then he spoke with a manager and turns out they DONT need my ss# after all. They do have to verify my identity for some type of watchlist thing, but that can be done with name, address and date of birth.
#7
I just spoke with my salesman, well when I said it was a no go for me to give my ss# as I was paying bank wire (they know where the funds come from, duh), he at first said has to have it, but then he spoke with a manager and turns out they DONT need my ss# after all. They do have to verify my identity for some type of watchlist thing, but that can be done with name, address and date of birth.
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#9
Thanks for all the responses. I am awaiting wiring details and will start a new thread once I get some pics of the new to me TTS. I've been waiting a long time for a car like this.
In the mean time, anyway to work around this thing about the dealer having to truck the car to me (California has to ship out of the state, if not they need to collect tax)? I'm less that 200 miles from dealer, it's a shame I have to wait, pay and do the logistics on the shipping.
In the mean time, anyway to work around this thing about the dealer having to truck the car to me (California has to ship out of the state, if not they need to collect tax)? I'm less that 200 miles from dealer, it's a shame I have to wait, pay and do the logistics on the shipping.
#13
Thanks for all the responses. I am awaiting wiring details and will start a new thread once I get some pics of the new to me TTS. I've been waiting a long time for a car like this.
In the mean time, anyway to work around this thing about the dealer having to truck the car to me (California has to ship out of the state, if not they need to collect tax)? I'm less that 200 miles from dealer, it's a shame I have to wait, pay and do the logistics on the shipping.
In the mean time, anyway to work around this thing about the dealer having to truck the car to me (California has to ship out of the state, if not they need to collect tax)? I'm less that 200 miles from dealer, it's a shame I have to wait, pay and do the logistics on the shipping.
#14
I was also surprised and annoyed when I was "required" to complete a credit/loan application for the Porsche dealer "to verify my identify and protect against fraud" even though I already had financing through my credit union.
I asked my friend who is a used sales manager at Enterprise if this is standard practice and he said yes. He said after they see my credit score they might also try to offer me financing even though they knew I already had it. (They did try to offer me a Porsche credit card when they were reviewing additional options such as wheel and tire insurance, theft monitoring/tracking, etc.)
I did not have to do this when I bought my R8 from a Mercedes dealership. So I don't know if it is a relatively new practice, or just an annoying one that not all dealerships put you through. I don't see any good in passing around my SSN like it is candy, esp when the reasoning behind it seems like pure BS. Glad you figured out a way around it OP.
I asked my friend who is a used sales manager at Enterprise if this is standard practice and he said yes. He said after they see my credit score they might also try to offer me financing even though they knew I already had it. (They did try to offer me a Porsche credit card when they were reviewing additional options such as wheel and tire insurance, theft monitoring/tracking, etc.)
I did not have to do this when I bought my R8 from a Mercedes dealership. So I don't know if it is a relatively new practice, or just an annoying one that not all dealerships put you through. I don't see any good in passing around my SSN like it is candy, esp when the reasoning behind it seems like pure BS. Glad you figured out a way around it OP.
#15
the last 3 cars i purchased new i also had to provided my SSN even though i did not finance anything. they had me fill out the finance form as if i was for some reason but on the credit app they put do not run credit/cash buyer.
i also have purchased cars from CA and registered them in different states and CA dealers will have to collect sales tax but you won't have to pay anything at your DMV as long as they collected enough. if they collect more than what your tax rate is you dont get a refund on the difference though
i also have purchased cars from CA and registered them in different states and CA dealers will have to collect sales tax but you won't have to pay anything at your DMV as long as they collected enough. if they collect more than what your tax rate is you dont get a refund on the difference though