Car dealerships are often very sleazy. One of the tricks that's been attempted on me and relatives is the dealership stating that they need your social security number to complete a sale if you have your own financing.
This is not true. The IRS rules on transactions over 10k are for cash transactions not bank checks. They are trying to get your social security number to run a credit report on you so that they can come back and try to talk you out of your own financing. This credit pull has the potential to lower your credit score depending on your circumstances.
I buy used, my CU has better rates than dealerships plus I'd rather deal with my CU over whatever financing the dealership has. Just wanted to give everyone a heads up because it's something to be added to the long list of things to look out for when buying a car.
Submitted December 30, 2017 at 04:34AM by 16semesters http://ift.tt/2Cbvdwd
