Do I need to fill out a credit application with the dealership if I don't use their financing?

I'm buying a car at a local dealership with a personal check and a check I got from my lender. When I arrived to pay for the vehicle, the dealer wanted me to sign a credit application. The salesman said it was standard procedure as part of the Patriot Act. Do I need to fill out a credit application if I'm paying a mix of cash and my own financing?

Answer
“Many sneaky or underhanded dealers will cite the Patriot Act because buyers aren’t aware that this isn’t necessary.
The dealer then makes money by providing this information to lenders who will keep sending you information on refinancing or other loans.
In your case, you did the right thing. The only time you are required to fill out a credit application is if you are seeking financing from the dealership.
If it’s really worth it for them to walk away from a deal, so be it. Another dealer will surely sell you a car with a 50% down payment and a check from a lender in hand.
Don’t forget that your new car needs proper coverage. Use the free Jerry app to help you find the best deal. Jerry compares rates from the top 50 companies in under a minute, delivering the best deals to your phone.”
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Eric Schad
Answered on Jul 29, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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