SRT Hellcat Forum banner
  • Hey Everyone! Vote for the Site Favourite HOTM winner for the year of 2022 HERE!

Dealership needs to pull my credit for placing order

2431 Views 71 Replies 42 Participants Last post by  vrwebster
Dealership requires a $1,000 deposit, and also wants to run my credit report for placing a hellcat order, is it normal?

I am not using their finance, not sure whether this is appropriate.
1 - 20 of 72 Posts

· Registered
Charger SRT Hellcat
Joined
·
1,515 Posts
Dealership requires a $1,000 deposit, and also wants to run my credit report for placing a hellcat order, is it normal?

I am not using their finance, not sure whether this is appropriate.
You gonna pay cash? If not, they want to know you can get financing....
 

· Registered
Challenger SRT Hellcat
Joined
·
366 Posts
You gonna pay cash? If not, they want to know you can get financing....
they should only be pulling the credit report if they are financing the deal. If he goes to his credit union or whatever, then the dealer has no right to pull the report. What if he tells them he is paying cash? Not like he is walking in there with a suitcase of $100's at order time, right?
 

· HOTM Winner
2020 Challenger Hellcat Redeye Wide Body
Joined
·
12,564 Posts
Current credit pull is irrelevant and useless. If the car takes six months to come in your credit could tank for all they know. And even if it didnt they will need to pull it again to check when the car comes in. Credit should only get pulled the day/week you sign. Two hard hits makes no sense.

Edit: just saw youre using a credit union. NO credit pull ever by the dealer then. Theyre trying to get you to finance with them to get more kick backs.
 

· Registered
Joined
·
1,131 Posts
Plus, if the dealer runs a hard credit check on you, that will affect your credit rating (lower it), which will affect the rate you can get later from you own lender.
 

· HOTM Winner
2020 Challenger Hellcat Redeye Wide Body
Joined
·
12,564 Posts
Their doing that becuase they've probably had alot of ppl come and place orders but cant get
financed when it arrives. If that's a privately owned dealershp they can make thier own rules.
They can but we can opt out of them.
 
  • Like
  • Helpful
Reactions: GdBye and Ace1894

· Registered
21 Camaro ZL1
Joined
·
1,432 Posts
I had a dealer once would only accept my personal check I wrote for a car if I put in a credit app. They wanted to ensure that if my check bounced they could just push financing through and still get paid for the car. I declined and left. Then came back with certified funds and did the deal as a “cash buyer”.
 

· Registered
'22 Charger Hellcat
Joined
·
631 Posts
It isn't completely unheard, but it is something that I would never do. It is at the dealership's discretion whether they want to do a credit pull or not. It is a BS ding on your credit and is mostly irrelevant until the time the vehicle actually arrives IMO.
 

· Registered
'22 SRT Hellcat Redeye
Joined
·
70 Posts
Dealership requires a $1,000 deposit, and also wants to run my credit report for placing a hellcat order, is it normal?

I am not using their finance, not sure whether this is appropriate.
When I ordered my 22, they asked me to do the same. I'm assuming because of my age they were concerned, but I've never heard of anyone other than myself go through that at DC.
 

· Registered
2023 charger jailbreak hellcat
Joined
·
100 Posts
When I ordered my 22, they asked me to do the same. I'm assuming because of my age they were concerned, but I've never heard of anyone other than myself go through that at DC.
They ran my credit for my 2023 but I’m 24 but they didn’t believe i was serious until they pulled my credit and i put down 1k deposit
 
1 - 20 of 72 Posts
Top