Buying a new car is one of the biggest purchases most drivers will ever make. As such, you’ll want things to go as smoothly as possible when the big day arrives. Fortunately, with a bit of planning and preparation, there’s no reason to fear the car buying process. When you come into the dealership to buy your dream car, make sure you bring things documents with you to enjoy the easiest process possible.
When buying a new car, the dealership must check customer identification by law. Usually, you’ll be fine with a standard government-issued ID with your picture on it—your up-to-date driver’s license or passport. If you’re purchasing the vehicle as a business, you’ll need your Employer Identification Number.
When taking out an auto loan, the lender will want to understand your ability to pay back the loan, so proof of income is a must, so bring along pay stubs or bank account history from the last month.
Dealerships work with a large network of lenders to find the financing option that’s best for you. To do so, they will need to look into your credit and bank history. To make this as easy as possible, they will need your name, address, date of birth, and social security number.
Again, dealerships must gather residence information by law, so bring something showing proof of current address, such as a utility bill, bank statement, property tax bill, or homeowners insurance policy.
If you’re trading in you’re trading in your current vehicle toward the price of the new car, make sure to bring along your current vehicle registration.
You can’t drive a vehicle without valid insurance, so make sure you bring along proof of auto insurance when you buy your new vehicle so you can actually drive it home.
Finally, you’ll need a method of payment to cover the down payment. Talk to your dealership ahead of time to make sure your method is accepted, but you’ll generally be safe with cash, personal or chaser’s check, or credit or debit card.