Does car dealer really need my social security number if I pay cash?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I just bought a car on Friday with check ($40k) and they did not ask for my social security number at any point.

Because there is no risk of money laundering with a check. There is with a bag of $100 bills

I actually DID buy a car with a bag of cash and no one asked for my SSN. But this was a few years ago so maybe it wasn’t a thing yet.

[Anonymous]

You do know they already know your SS most places.

My old company uses Plaid combined with Lexus Nexus.

When you tell me SS it is to verify identity in that it matches what I already know

[Anonymous]

Anonymous wrote:Yes, transactions above 10k have to be reported

https://www.irs.gov/newsroom/understand-how-to-report-large-cash-transactions

If you read the publication linked here, you can still decline to provide your ssn. In this case, IRS instructs the business to file the form without the ssn.

[Anonymous]

OP Google your social security number dude it’s already out there

More importantly I buy cars with cash way more expensive than you are buying I have excellent credit who cares if they look at your credit what are you hiding?

This will in no way impact your score.

[Anonymous]

Anonymous wrote:OP Google your social security number dude it’s already out there

More importantly I buy cars with cash way more expensive than you are buying I have excellent credit who cares if they look at your credit what are you hiding?

This will in no way impact your score.

You don’t know what you are talking about. A credit inquiry brings down your credit score. I doubt you ever bought any car.