It is quite exciting to walk into a car dealership or a showroom and drive out in a brand-new car. Well, that excitement can wane, though, if you don’t possess the right paperwork and information regarding the car proof of ownership documents with you. You can only prevent that roadblock and go through our overview of what to carry when purchasing a car so you’ll be geared up and prepared to drive off the lot.
Checklist of New Car Registration Services
Make sure that you take a printout of a car purchase checklist as well as the requisites of new car registration so you’ll own everything you require to purchase a new car. Here’s what you’ll have to know before you jump into the process of purchasing a new car, irrespective of being brand new or second-hand at the dealership.
1. Your Driving License
The dealership must conclude that you’re a legally licensed driver before you drive off in your new car. You have to make sure it’s valid and not expired. Not only will you require it for the test drive, but you’ll also require proof of residence to avail of a car loan.
2. Insurance Proof
You’ll possibly require proof of insurance while purchasing a new car. Most importantly, it’s needed in most states according to DMV for proof of ownership. Accelerate the buying process by avoiding delays at the dealership by calling your insurance agent beforehand.
Ask them about the process of how you can remove your old vehicle and add your new vehicle to your policy. Do remember to bring your present proof of insurance card to the dealer, as well.
3. Mode of Payment
Irrespective of the fact whether you’re using a check, cash, or a loan for your purchase, you’ll wish to have your payment ready. If you’re availing of a loan with the dealership, be ready to be there a while to manage all the important paperwork.
Be ready to make a down payment at the dealership, as well. Call the dealership prior to your visit and communicate with the financing department to see what documents they need and ask regarding pre-approved financing.
4. Current Pay Stubs
If you plan to avail of a loan through the dealership, they may necessitate you to show evidence of your present employment. Carry a couple of your most recent pay stubs just in case.
5. Latest Utility Bills
If you’ve shifted within the past year, you’ll have to produce present proof of residence for purchasing a car. Carry with yourself a few utility bills that are dated within the past month, and prove your new address. Do ensure that your account numbers on the bill in case they need to authenticate the information with the utility company.
6. Credit Score and History
Though the dealership can find out your credit score and history, you also check it from your end, review it and bring it with you if you intend to purchase your car.
7. Discount Information
If you’ve received a discount offer from your credit card company, the dealership, the manufacturer, or anyone else, do ensure you have all the requisite information with you so you don’t miss out on the deal. Go through the fine print of the deal carefully, so you fully comprehend the promotion.
8. A Compiled List of References
If you don’t possess a great credit score and applying for a loan through the dealership, you might also have to provide a list of references who don’t stay with you. Keep it handy with the names, business addresses, and contact information of people who can endorse you.
You might come across a situation when you face someone authorized to check car proof of ownership. If you don’t wish to find yourself in a false position, do not compromise on the necessary documentation.
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