Credit check while ordering custom Cayman
#1
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I just recently ordered a Cayman T and the SA performed a credit check during the ordering process. He didn’t tell me anything at that point and I only realized later. Is that normal?
I also gave a 5k deposit which seems high but I’ve read it’s normal if you don’t have a relationship with the dealer.
I also gave a 5k deposit which seems high but I’ve read it’s normal if you don’t have a relationship with the dealer.
#2
Rennlist Member
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Are you getting financing? I paid $1000 refundable deposit, then $4000 more non refundable once they had the allocation and could actually place my order. No credit check as far as I know.
#3
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They said they had an allocation so I just paid the 5k up front, that said I’m doubting they do since I still don’t have a V200.
Thanks for the answer
#4
Instructor
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My dealer ran a credit check when I put down my deposit. I am thinking they did it as I was completely new to the dealership and they wanted some assurance that I could afford the car.
#5
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Did you give them your SSN? They would need your permission to run your credit. And I have not had that happen, and I wrote personal checks for my last few new vehicles but maybe it is a Florida thing.
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jimmex (03-30-2021)
#6
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As someone above mentioned it seems it was just to make sure I could afford the car although I do wish the SA would have been more upfront about it .
Anyway thanks to everyone who replied.
#7
Race Director
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Yes I did give them my SSN although they didn’t explain why. I should have probably asked about it but I was trying to make up my mind about some last minute option changes.
As someone above mentioned it seems it was just to make sure I could afford the car although I do wish the SA would have been more upfront about it .
Anyway thanks to everyone who replied.
As someone above mentioned it seems it was just to make sure I could afford the car although I do wish the SA would have been more upfront about it .
Anyway thanks to everyone who replied.
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#9
RL Community Team
Rennlist Member
Rennlist Member
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Unsure what the mystery is here...OP said he was open to financing and gave the dealership his SSAN.
I ordered a new Porsche last summer,
paid deposit at allocation. When asked about financing declined...no credit check needed.
I ordered a new Porsche last summer,
paid deposit at allocation. When asked about financing declined...no credit check needed.
#10
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It’s pretty common for dealerships to get started at exploring your financing options as soon as you express an interest in it with the rest of the purchasing process. They make a lot of money on financing deals and are quite eager to help you borrow money.
#11
Burning Brakes
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I traded in a car and they have a lot of my money. They said that $5000 from the trade would become a non refundable deposit once the order locked on a custom GT car as this is their policy. They also said if I had some kind of emergency I could get the $5K back if they can sell my car at MSRP and less back if they cannot
A family member is ordering a GT3, they required $1K now and $4K more when his order locks.
A family member is ordering a GT3, they required $1K now and $4K more when his order locks.
#12
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Even if you're paying cash, they will still often run a credit check to see who they're dealing with.
#13
Burning Brakes
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All this being said - it was hopefully just a soft pull which should end up having 0 effect on any score.
Interest in financing + giving SSN, they probably assumed you knew what that meant.
Interest in financing + giving SSN, they probably assumed you knew what that meant.
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rasetsu (04-06-2021)
#15
Race Director