Documents You Need When Buying A Car – Buying a car has become more streamlined and the process is faster than ever. However, the purchase may be hindered if the proper documentation is not brought. Knowing what documents you need to bring with you when buying a car can make the process go smoothly. In addition to your driver’s license, there are some other documents you need to bring with you when buying a car:

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Documents You Need When Buying A Car

Documents You Need When Buying A Car

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Tom McParland of Automatch Consulting recommends contacting your insurance agent before going to the dealership to let them know what you plan to purchase. Your insurance agent can also tell you if your insurance rates will change—something you’ll want to know before you buy.

“If you’re ready to close the deal, just tell your agent the model of the new car, have them issue a temporary card and update the policy accordingly,” advises McParland. While the policy will require an update of the new car’s VIN, he says ( VIN), but doing some work ahead of time will save the dealer time.

In most states, proof of insurance on your existing car is enough to get you home in a new car. You will then have a brief grace period to notify your insurance company of the new purchase and complete the paperwork. If you’re unsure of your state’s requirements, be sure to check with your insurance agent before heading to a parking lot.

If you’re trading in a car, you’ll need to bring the certificate of ownership, or any relevant documentation from your bank if you don’t own the vehicle outright.

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“If you’re using outside financing rather than financing through a dealer, you need to bring all the information related to that loan,” McParland said. If you’re getting financing through a dealer, what you need to bring may depend on your Credit score varies.

If you have good credit, the items listed above should be all you need to complete the transaction. However, if you’re unsure of your credit rating or know it’s not great, you may also want to bring your last two pay stubs, proof of residency (a recent utility bill will do), or even a list of references. You may not need them, but having them with you will save you time if the dealer requires them.

With online resources, you can do a lot of fact-finding before visiting a dealership. For example, you can find out what features are available and how much you can expect to pay.

Documents You Need When Buying A Car

“I always recommend people go online to find a car they’re interested in before going out to shop,” McParland advises. “Being able to do so much online really saves you time. You can call the dealer, tell them what car you’re looking for, what trim level you want, and then make an appointment to test drive the car. They’ll have it ready for you, It also lets them know you know what you’re doing – so they’ll take you more seriously.”

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For more information about buying a car, check out the First-Time Buyer’s Guide or the Used Car Buying Guide to break down the different steps of each process. Buying a new car can be an overwhelming process, but you can make it a lot easier by knowing what types of items to bring and what to expect.

Sometimes buying a new car can be a lengthy process that can last several hours. (I’ve been involved in vehicle transactions at dealerships that, for various reasons, took about four hours to complete.)

Therefore, you need to make sure you are well rested and well fed before heading to the car dealership. (Think of going to the dealership like preparing to take an important test like the SAT.)

There’s nothing worse than being tired and hungry while dealing with a bunch of bureaucracy and waiting for endless paperwork to be filled out.

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So be sure to take care of yourself the morning you head to the dealership, and you might even want to bring some snacks and drinks.

Tip: You can also take advantage of hunger by scheduling an appointment a few hours before lunch so the salesperson may be more willing to give in to hunger as they work to close the deal.

I recommend calling your insurance company before going to the dealership and informing them of your plans to purchase a new car.

Documents You Need When Buying A Car

This is a good idea as they can bring to your attention any requirements you need to be aware of, such as adding a new car to your current policy (which I’ll discuss below).

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This is also a good idea because you can get a quote for new insurance rates.

They may ask for the VIN, but you should be able to get it by calling the dealer or even looking online.

If you know what type of vehicle you want to buy, do some research and find some prices from other dealers nearby.

This will help you negotiate a lower price and give you a better idea of ​​your negotiable price range.

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Sometimes you can use portals like the American Express Auto Buying Program to scan different dealers for great deals.

One suggestion I would make is to email a few salespeople with all your details and let them essentially bid on your business.

The most important thing to bring when buying a car is a companion who can help you spot the crap and get a good deal.

Documents You Need When Buying A Car

Try to find someone who is direct and confrontational. That’s great if you already are, but if you’re not confrontational, you may get stepped on by experienced salespeople (often without even realizing it).

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The main task of your companion is not only to accompany you during the purchase process, but even to ask relevant questions about the car’s features.

Instead, you want your peers to focus on actively asking questions and calling your salespeople as you try to get the best deal possible.

My rule of thumb is that if your salesperson appears relaxed and comfortable throughout the entire meeting, you’ll likely save a lot of money.

Keeping a so-called “pit bull” with you will ensure that you don’t miss out on a good deal or fall victim to a charismatic salesperson.

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You should always have your driver’s license with you at almost all times, but you especially want to take it to the dealer when buying a new car.

Before handing over the keys to your new car to the dealer, the dealer will want to make sure you are a legally licensed driver.

No reputable car dealer will allow you to take your vehicle away without proof of insurance.

Documents You Need When Buying A Car

Remember, once you sign the bill of sale, the vehicle becomes yours and you are responsible for it, which means if you crash your car on the way home, you will be responsible for the damage.

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The big question is should you add your new car to your insurance policy before or after you buy the car?

If you know exactly which car you want to buy, you can contact your insurance company and add the car to your policy before leaving the dealership, so you have coverage from the start.

Basically, you can wait until the deal is finalized and then immediately contact your insurance company and add the new car.

If you have contacted your insurance company before going to the dealership, they should have everything ready and should be able to send a confirmation via email or fax in a timely manner.

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If you haven’t planned your insurance ahead of time, it’s a good idea to get some details on how to transfer your current insurance to a new car.

Typically, you will have a grace period to add the new car to your policy. This grace period may be around 2 to 4 days, but some insurance companies may have a wider window.

If you plan to purchase a vehicle with cash or a down payment, you will need to bring the correct payment method with you.

Documents You Need When Buying A Car

Some people can buy a car with actual cash, but a lot of the time, something like a cashier’s check is used to buy a larger item like a car.

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You may also consider writing a check, but checks can be problematic because they take a long time to clear, so a cashier’s check is almost always preferred.

You might also consider using a credit card to purchase a new car. Not all dealers will accept

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