Pay with CASH. Do they require Social Sec Number?

z... · 01-26-2011, 07:26 PM

It only needs to be reported (form 8300) if you pay with greenbacks. If you bring a personal check or cert check any dealer does not have to fill that out. if they are a dealer that obeys all regulations they need to verify OFAC and identity theft to ensure your not a criminal or wanted by the govt or did not steal someone's identity.(do not need a s.s # they can use 123-45-6789). Starting 01/01/11 they also need a risk-based-analysis notice that tells you your credit score. (that is only if you finance with them). I am a finance mgr at a dealership... if you have any other questions i would be more than happy to help out.

zmyride · 01-27-2011, 01:34 AM

Quote:

Originally Posted by z...

It only needs to be reported (form 8300) if you pay with greenbacks. If you bring a personal check or cert check any dealer does not have to fill that out. if they are a dealer that obeys all regulations they need to verify OFAC and identity theft to ensure your not a criminal or wanted by the govt or did not steal someone's identity.(do not need a s.s # they can use 123-45-6789). Starting 01/01/11 they also need a risk-based-analysis notice that tells you your credit score. (that is only if you finance with them). I am a finance mgr at a dealership... if you have any other questions i would be more than happy to help out.

so I read the IRS site, it said if i paid with a cashier's or personal check over $10K then the dealer wont have to fill out the form.

Also only cash transaction over 10K is reported. I'm not making cash transaction. they can't track cash, but they sure can track bank or cashiers check.

tonybui · 01-30-2011, 10:44 AM

Quote:

Originally Posted by zmyride

so I read the IRS site, it said if i paid with a cashier's or personal check over $10K then the dealer wont have to fill out the form.

Also only cash transaction over 10K is reported. I'm not making cash transaction. they can't track cash, but they sure can track bank or cashiers check.

did u provide your bank your SSN ?? if yes, then the Fed can track you down by using that cashier check anyways ??

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01-26-2011, 07:26 PM	#1 (permalink)
z... Base Member Join Date: Nov 2009 Location: Columbia, S.C. Posts: 47 Drives: 2011 370 Rep Power: 17	It only needs to be reported (form 8300) if you pay with greenbacks. If you bring a personal check or cert check any dealer does not have to fill that out. if they are a dealer that obeys all regulations they need to verify OFAC and identity theft to ensure your not a criminal or wanted by the govt or did not steal someone's identity.(do not need a s.s # they can use 123-45-6789). Starting 01/01/11 they also need a risk-based-analysis notice that tells you your credit score. (that is only if you finance with them). I am a finance mgr at a dealership... if you have any other questions i would be more than happy to help out.