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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.

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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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