Why does the car dealer need my phone bill?

I went to the dealer to take advantage of a 0.9% APR promo rate. When the finance guy called me, he said I needed to bring a phone bill.

Answer provided by
Eric Schad
Answered on Jul 15, 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.
“One of the caveats of getting financing is verifying your residence. A utility bill, just like a phone bill, provides your proof of residency.
That’s all the dealer wants it for. It’s industry-standard, so don’t think too much of it.
Make sure you’re prepared with everything else the dealer might ask for.”

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