I've never had so much trouble buying a car before.

[Chief Sapulpa]

Beware the lube job in the showroom.

 

[Chief Sapulpa]

I am picking my new truck up when it gets delivered. My credit is frozen, so I can't get a loan. I wonder how that is going to work when they try to sell me on financing?

You’ll have to unfreeze it so they can run a credit check or bank transfer the cash.

 

[KOPBET]

You’ll have to unfreeze it so they can run a credit check or bank transfer the cash.

F*uk the unfreeze. Just write a check for crying out loud. Easy peasy. Screw the credit check and the bank transfer.

 

[SlugSlinger]

F*uk the unfreeze. Just write a check for crying out loud. Easy peasy. Screw the credit check and the bank transfer.

I always thought a credit check was mandatory, even when paying with cash. Apparently, it’s not.

Is a Credit Check Required When You Pay in Cash?​

Since you aren't applying for credit in a cash transaction, the dealership doesn't need to access your credit score and report. And in fact, the Fair Credit Reporting Act (FCRA) limits access to your credit information in these types of situations. According to the FCRA, credit reporting agencies may only provide information about you to people who have a valid need: creditors, insurers, employers, landlords and other specified businesses.

A dealership needs your permission to run a credit score and report. They may ask you for it as part of the sales process, so they can find out what kinds of financing you are eligible for and therefore how much you can afford to pay for a car. Dealers often make money from the financing they arrange, so they have an added incentive to talk you into a loan or lease.

A dealership might falsely cite the Patriot Act as a reason to run your credit report. But federal anti-money-laundering regulations do not require a dealership to pull your credit on a cash transaction. You may, however, be required to fill out IRS Form 8300 if you make a cash or other lump-sum payment in excess of $10,000.

What's the harm in having a dealership run your credit? While any resulting damage would be slight, if at all, a dealership checking your credit could result in your credit scores decreasing slightly. That's not a reason to avoid applying for credit you need, but it's a good reason to avoid unwanted credit inquiries. And if the dealership is going to use your credit information to try to entice you into financing a more expensive car than you want, then you're much better off declining.

https://www.experian.com/blogs/ask-experian/do-you-need-credit-to-buy-a-car-with-cash/

 

[turkeyrun]

^^^^^^^ THIS!!!!!


What your credit score is, has impact on their offers.
The credit check can lower your score, if you go to several dealerships, have several credit checks (especially within a few days) your score can take a serious hit.

I sold cars for a while. We were instructed to get info ASAP and submit for credit check, without permission and before talking price. Slimiest place I ever worked.

Did I mention, I hate dealing with car sales.

 

[Waltercat]

^^^^^^^ THIS!!!!!


What your credit score is, has impact on their offers.
The credit check can lower your score, if you go to several dealerships, have several credit checks (especially within a few days) your score can take a serious hit.

I sold cars for a while. We were instructed to get info ASAP and submit for credit check, without permission and before talking price. Slimmest place I ever worked.

Did I mention, I hate dealing with car sales.

David Stanley?

 

[crrcboatz]

Stealerships are getting worse! Tesla really does have buying a new car down. I wish everyone else would go to that model.

Sorry but I wouldn’t wish an electric vehicle on anyone.

 

[1911Sooner]

Sorry but I wouldn’t wish an electric vehicle on anyone.

Not talking about the car itself, but the way you purchase a Tesla. Sorry I didn't make that clear enough.

 

[crrcboatz]

I doubt it. That’s going to be just another checkbox on a form with automated reporting, not a big deal from a dealership’s perspective. I’d wager that it has a lot more to do with the fact that the dealership makes significantly more money on financed sales than on cash sales.

Yeppers I’m I. U r corner. In fact one told me they did

 

[Jason Freeland]

Not talking about the car itself, but the way you purchase a Tesla. Sorry I didn't make that clear enough.

Ford tried it back in the dot com boom days (2000) and their dealers went ape **** over it. Didn't last long, but being able to order a car from the manufacturer online, with only the options you wanted was a great idea.