Personal Information Required for cash purchase INVASIVE - Smart Car Forums
User Tag List

 6Likes
Closed Thread
 
LinkBack Thread Tools Display Modes
post #1 of 89 (permalink) Old 02-06-2008, 06:15 PM Thread Starter
 
Join Date: Feb 2008
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Personal Information Required for cash purchase INVASIVE

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 #
3. DOB
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?
16. Bankruptcy?
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?
bonniejeans is offline  
Sponsored Links
Advertisement
 
post #2 of 89 (permalink) Old 02-06-2008, 06:22 PM
 
Join Date: Jan 2008
Posts: 661
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by bonniejeans View Post
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 #
3. DOB
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?
16. Bankruptcy?
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?
most of that is NOT required for a "cash" purchase, meaning greenbacks. anything else (including "cashiers" checks or "certified" checks) will likely require some type of further background. however, they never ever require your SS# unless they plan to run a credit report on you. if you are paying cash, you can refuse to fill out anything that you aren't comfortable with. The basic info stuff including address, titling name, DL# and insurance card are all that are required to make a "cash" purchase. if your sales person told you that, they are wrong. tell them to go fish.
bmx43 is offline  
post #3 of 89 (permalink) Old 02-06-2008, 06:35 PM
 
Join Date: Jan 2008
Posts: 25
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Additionally, I would say feel free to get creative with your responses.
If it's obviously not a government form that has explicit legalese on it, have some fun.
If someone has no right to certain information, I feel they have a right to get whatever I feel like giving them.
Obviously don't get blatantly creative ;)
Also don't be shy about saying that you need to take the form home and lookup some of the information, don't force them to make you fill it out on the spot.
madbunny is offline  
Sponsored Links
Advertisement
 
post #4 of 89 (permalink) Old 02-06-2008, 06:53 PM
 
Join Date: Oct 2007
Location: Dallas, Texas
Posts: 151
Thanks: 0
Thanked 1 Time in 1 Post
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Seems to me you shouldn't have to give them any info they don't need except for the car title. Give them the check and tell them you will wait for it to clear before you pick up the car. Your DL will have your DOB, and current address. You should only need proof of insurance if you finance the car and they have something to lose if you crash it, or it gets stolen etc. The rest they don't need. I agree with you.
Yellowcarsrock is offline  
post #5 of 89 (permalink) Old 02-06-2008, 06:59 PM
 
Join Date: Dec 2007
Location: Overland Park, KS
Posts: 123
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
IANAL (I am not a Lawyer), but I would certainly not consider most of that any of the dealers business. Preserve your privacy... or tell him you need the same information (SSN, etc) from him to complete the purchase. Since you are already familiar with the money laundering form (8830), demand an explanation as to what else the feds want and where exactly it goes.

Last edited by ckigar; 02-06-2008 at 07:03 PM. Reason: tpyo
ckigar is offline  
post #6 of 89 (permalink) Old 02-06-2008, 07:15 PM
 
Old SGM's Avatar
 
Join Date: Dec 2007
Location: Chesterfield, VA
Posts: 263
Thanks: 2
Thanked 4 Times in 4 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I paid cash for my Honda fit, If the cash is more than $9,999.00 the dealer told me they must send a form to the IRS about the transaction. The sales manager said it was related to the government trying to identify and control the flow of cash generated from sales of illegal drugs. They perferred a personal check and would only deliver the car after the check cleared. I explained I had just sold a car for cash and he could send whatever was required to the IRS, he did need names, addresses and SSAN. About a month after the sale, the dealer sent me a copy of the form they sent to the IRS. A few years before that we bought a Jaguar, there was a sign in plain sight that clearly stated no cars will be sold for cash.
Old SGM is offline  
post #7 of 89 (permalink) Old 02-06-2008, 07:19 PM
 
Join Date: Jan 2008
Posts: 661
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Old SGM View Post
I paid cash for my Honda fit, If the cash is more than $9,999.00 the dealer told me they must send a form to the IRS about the transaction. The sales manager said it was related to the government trying to identify and control the flow of cash generated from sales of illegal drugs. They perferred a personal check and would only deliver the car after the check cleared. I explained I had just sold a car for cash and he could send whatever was required to the IRS, he did need names, addresses and SSAN. About a month after the sale, the dealer sent me a copy of the form they sent to the IRS. A few years before that we bought a Jaguar, there was a sign in plain sight that clearly stated no cars will be sold for cash.
yes, all that is somewhat true, although i believe they are less interested with the drug money connection than the terrorist connection. however, the IRS form does not include anything about your work history, spouse, mothers maiden name, etc. that's a straight TRW app.
bmx43 is offline  
post #8 of 89 (permalink) Old 02-06-2008, 07:19 PM
SCOA Club
 
Join Date: Jun 2007
Posts: 465
Thanks: 0
Thanked 3 Times in 2 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I am so tired of everyone insisting on my SSN. It wasn't intended as a personal ID number, and shouldn't be used as one now. I refuse to release it whenever possible, and give them as lot of grief when the transaction stalls because of it.

And we wonder why identity theft is so prevalent anymore.

Oh yeah, most of the rest of it is none of their business either.
RLove is offline  
post #9 of 89 (permalink) Old 02-06-2008, 07:23 PM
 
Old SGM's Avatar
 
Join Date: Dec 2007
Location: Chesterfield, VA
Posts: 263
Thanks: 2
Thanked 4 Times in 4 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
The only data I provided was Names, addresses and SSAN. I don't remember if the source of the money was on the form, but I did tell the Sales manager.

I was never asked about the other things mentioned.
Old SGM is offline  
post #10 of 89 (permalink) Old 02-06-2008, 07:36 PM
 
Join Date: Jan 2008
Posts: 661
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Old SGM View Post
The only data I provided was Names, addresses and SSAN. I don't remember if the source of the money was on the form, but I did tell the Sales manager.

I was never asked about the other things mentioned.
source of the money is none of their business and i would think is some type of privacy law violation. can't see them asking that.
bmx43 is offline  
Closed Thread

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Smart Car Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
I envy those who have had personal contact! Harleyduo smart General Discussion 11 12-28-2007 09:30 PM
$2000 off your 451 purchase (Canada only) spdickey smart News & Rumors 1 12-07-2007 05:23 AM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome
 

Clubs, Garage Plus vBulletin Plugins by Drive Thru Online, Inc.