My friend who is 16 said he is going to put that he is 18 on a credit application for a used car when he is really on 16...i told him it wouldnt work because if they wanted your license then he would be in trouble for fraud or something like that..
Will it work like he says? to get a car?
Can he get in trouble?
2007-10-20 06:02:50 · 11 answers · asked by Nate 1 in Business & Finance ➔ Credit
I spelled "lieing" wrong it is lying sorry about that
2007-10-20 06:04:29 · update #1
Auto finance is what I do for a living and it will not work.
Auto dealers are required by law to get a copy of every customers drivers license to verify the identity of the customer due to the privacy act.
On top of that, it's bank fraud.
2007-10-20 06:21:14 · answer #1 · answered by ? 7 · 2⤊ 0⤋
I sure hope the car dealer ask your friend for his driver's license. Another problem will be your friend's lack of credit history. And yes, lying about his age is fraud which is a crime. Not only will he not get the car, he might just be charged with a crime.
Your friend should put his money in a bank account and save up till he has enough to buy a car for cash.
2007-10-20 06:07:36 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
No, it will not work. Unless he is dealing with some real fools. They will not go through a car deal and contrat without his ID and a credit check. His birthdate would not match if he puts the wrong year.
At 16 he does not need to be borrowing money for a car anyway. Tell him to save up and pay cash. Why does he want to ruin his credit at 16? He should wait until 18 like most other folks.
2007-10-20 06:12:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
IF the seller runs the check through a national service, it will be discovered. It will also be discovered when the buyer forks over his Driver's License.
If the seller wants to sell to him anyway, he will do so - but not likely since he is too young to enter into a legally binding contract.
So, then, the only thing that could get him into trouble would be the penalty for lying on a credit application if the seller decides to prosecute. There is a 99% chance of getting caught and a 50/50 chance of being prosecuted.
2007-10-20 06:07:49 · answer #4 · answered by Christmas Light Guy 7 · 1⤊ 0⤋
Intentional distortion of information in order to obtain a car will surely put your friend in big trouble. He may get the car but if the company will determine later that your friend is below 18, he might be charged an ESTAFA CASE through Falsification of Commercial Documents. Whether he may or may not get the car he is still liable for what he has done. Advice him/her then to retrieve his application before its too late.
2007-10-20 16:17:23 · answer #5 · answered by Richard Jesus T. Savellano 2 · 0⤊ 0⤋
He will DEFINITELY get in trouble. Credit applications usually ask for some kind of identification, usually Social Security number or something like that.
At best, he will be turned down. His credit report will show that he used false information to request credit, and that will follow him for the rest of his life. Not a good way to start your financial life...
And a charge of fraud is a possibility. It would become EXTREMELY difficult for him to travel outside of the country.
2007-10-20 06:11:07 · answer #6 · answered by circle_sabine 2 · 0⤊ 0⤋
It won't work, anywhere he buys a car will require a copy of his license and depending on the type of credit application he uses sometimes when the social security number is pulled it will tell them the birth date. Honesty is always the best policy, why not get a co-signer for the app instead of lying?
2007-10-20 06:08:01 · answer #7 · answered by missyvixen1217 3 · 1⤊ 0⤋
I think it might even be a criminal charge to lie on a credit card application. Its not a good idea, it gives you a bad mark for any future applications.
2007-10-20 06:06:28 · answer #8 · answered by jxt299 7 · 1⤊ 0⤋
you must be at least 18 to sign a contract. Proof is required.
Technically, you could get in trouble for attempted fraud
2007-10-20 06:36:05 · answer #9 · answered by GILMEISTERA 3 · 0⤊ 0⤋
The truth will come out when the lender does the credit check.
2007-10-20 06:06:16 · answer #10 · answered by Anonymous · 1⤊ 0⤋