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Old Dec 14, 2005 | 04:03 AM
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Social Security #

Do you have to give your social security # to the dealership when paying cash for a car? I'd rather not and am just wondering if it's on the paperwork somewhere.
 

Last edited by Goods; Dec 14, 2005 at 06:15 AM.
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Old Dec 14, 2005 | 09:06 AM
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i think because of national sercurity issue (terrorist) they ask for SS whenever there is a large amount of cash in transition.they do the same thing in the banks.you have to provide SS when finance the car anyway so i don't see anything wrong unless you....
you can ask the dealer about their policy
 
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Old Dec 14, 2005 | 12:06 PM
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They have to have some kind of tracking information (like a social security number) for any cash transaction over $10,000. I can't remember the name of the federal statute, but take my word for it.
 

Last edited by jsh198; Jan 26, 2006 at 01:47 PM.
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Old Dec 14, 2005 | 04:33 PM
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Its call suspicous activities report. any transaction over $10,000 with cash will be reported to the goverment. and they will keep the record.
 
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Old Dec 14, 2005 | 04:45 PM
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Originally Posted by mkn1620
Its call suspicous activities report. any transaction over $10,000 with cash will be reported to the goverment. and they will keep the record.
Plus if you start spending more than you earn...they wanna know...so they can tax you on it...Less and less freedom in the good ole USA
 
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