| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
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08-19-2014, 10:20 PM
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#1
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Need my Daily Fix of RS
Join Date: Jan 2013
Location: Vancouver
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Disclosing info
Hi, I am just wondering how many of you guys had to give out your sin number to do a credit check or a approval at a dealership to purchase a car. Is it mandatory to give it to them or does it help them get your approval faster??
Last edited by JShifter; 08-19-2014 at 10:28 PM.
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08-19-2014, 10:24 PM
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#3
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OMGWTFBBQ is a common word I say everyday
Join Date: Jul 2012
Location: BC
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It is not required for financing however it makes the process much easier.
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2021 F150 Platinum FX4
2021 Mustang GT PP1 6MT
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08-19-2014, 10:26 PM
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#4
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2-Wheelin' Mod
Join Date: Apr 2001
Location: Burnaby
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Yup ... it is much easier for the agency collecting the credit information to ensure that they are collecting accurate information to build an accurate portfolio/snapshot of the applicant's credit history.
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ROOGP
Long Live the King : RIP John (Gwilo)
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08-19-2014, 10:27 PM
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#5
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Need my Daily Fix of RS
Join Date: Jan 2013
Location: Vancouver
Posts: 292
Thanked 130 Times in 56 Posts
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Quote:
Originally Posted by Sunfighter
Yup ... it is much easier for the agency collecting the credit information to ensure that they are collecting accurate information to build an accurate portfolio/snapshot of the applicant's credit history.
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Either way is it true that when they do a credit check or approval your SIN number shows up as well?
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08-19-2014, 10:31 PM
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#6
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OMGWTFBBQ is a common word I say everyday
Join Date: Jul 2012
Location: BC
Posts: 5,239
Thanked 4,905 Times in 1,655 Posts
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I forget... I don't think the SIN shows up directly, however to tell you the truth if you're giving them all the information required to finance a car, you may as well just give them the SIN. If you don't trust them with it then perhaps move on to a different dealership.
__________________
2021 F150 Platinum FX4
2021 Mustang GT PP1 6MT
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08-20-2014, 12:15 PM
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#7
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Everyone wants a piece of R S...
Join Date: Mar 2012
Location: YVR
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Quote:
Originally Posted by Sunfighter
Yup ... it is much easier for the agency collecting the credit information to ensure that they are collecting accurate information to build an accurate portfolio/snapshot of the applicant's credit history.
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When I pull my credit file from Equifax or TU, my SIN is 123 456 789. I've never provided it to anybody who would report it to the reporting bureaus.
They just like using it as a defacto national identifying number.
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08-20-2014, 12:20 PM
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#8
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RS has made me the bitter person i am today!
Join Date: Feb 2013
Location: Vancouver
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You trust someone enough to finance a car from them, but you are worried about providing them your SIN number?
That makes no sense, if you are worried about the privacy, or your identity when dealing with someone, you should definitely not be borrowing from this individual or business.
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