What to Bring to the Dealership when Buying a Car
There are many things that you must keep in mind before purchasing a car. Although it is quite exciting to purchase a new car, you must also be prepared for all the steps that come along with it. Most people forget about all the technicalities because they get too excited.
There are several steps involved in purchasing a car, and one of them includes getting finance for it. There is a lot of paperwork that is included, and you must ensure that you are aware of that so that the purchasing process becomes easier.
Once you have decided the kind of car, your budget and have looked at all of your options, you must be prepared for the following steps. These are some of the documents that are necessary for you to carry when visiting the dealership.
- Proof of Income:
The dealership will require proof of your income if you choose to purchase your car through financing. You can provide your bank statements or pay stubs to prove that you have a steady income. This will also serve the purpose of verifying your employment and show the dealership that you will pay the monthly payments.
- Proof of Residence:
Just like your proof of income, proof of residence is essential. Several documents are needed to be mailed to your address, and for this, the dealer should be provided with your address. You can provide documents like your utility bill or your mortgage agreement. This is also required so that the dealership understands where to send you the bills for your monthly payments.
- Proof of Insurance:
This is perhaps the most important document and must be presented to the dealership to show that you have a valid auto insurance card. Before visiting the dealership, you must inform your insurance company so that they can put your new vehicle in place of the older one. If you do not have insurance previously, you must also talk to the insurance agent before visiting the dealership. This will ensure that you do not waste time in the dealership with all the documents and the paperwork.
- State ID
You must present and provide a valid document that verifies your identity. You can provide your driver's license or any other accepted form of identification to the dealership to purchase your car.
- Your Credit Score and History:
The dealership might already have access to your credit score, but you must review it yourself to understand whether you can purchase your car. You can plan accordingly and try to improve your credit score if that is the case.
If you know that you can get of a certain discount from your credit card company or the dealership, you must take it. Go through all the necessary information so that you do not miss out on the deal. You can approach the dealership to avail of the discount and understand all the terms and conditions related to it.