I just received a call from the dealership that my car will be ready for pickup sometime this month.
I will be paying cash and yet the dealer is requiring a volume of information that I feel should only be required if I were to be financing the purchase.
This is what they are asking for.
1. Social Security
2. DL #
4. Full name including middle
5. Current address/ telephone# and length of time there (must show at least 5 years)
6. Employment address/ telephone# and length of time employed (must show last 5 years)
7. Gross monthly income (before taxes)
8. How much are you going to put down?
9. Mothers maiden name
10. Position at job
11. Married? Dependents? How many? Ages?
12. Nearest relatives name, address, and phone #
13. Mortgage payment? Rent payment?
14. Two complete references (name, address, phone #)
15. Had any property repossessed?
17. Pending lawsuits?
18. Military active?
19. Military reserve?
20. Military inactive?
21. Current vehicle financed with? Account #, address, and payment amount
22. Insurance provider? Policy #, address, phone #, agent name
23. Insurance ever been cancelled before? Reason?
I can understand providing name, address and SS#, insurance and drivers license but not the other info. In other words, 1,2,3,4,5 and 22 but the rest of it is invasive.
I have protested providing all of this but the sales person says that the government requires this info since 9/11. I have purchased 2 cars since 9/11 with cash and never been required to provide more than name address, ss# for cash purchase over $10000 form 8830 and dl and insurance info.
Am I missing something here?