What Documents Do I Need to Buy a Car?

Buying a car is a substantial financial investment. To ease the burden of such a big expense, you want to make sure to get a good deal.

The good news for those looking to buy a car in the coming months is that this time of year is a great time to buy a car. December is one of the best months to buy a car since dealerships try to meet sales quotas and offer better deals to move inventory.

But if you want to take advantage of these deals, there are several documents you need to have with you to buy a car. Save yourself the time and hassle of making an extra trip to the dealership by bringing these five essentials with you when you buy a car.

Your Driver’s License  

It might seem like a no-brainer, but dealers do need to know you are legally permitted to drive. Without your driver’s license, you won’t be able to drive your car off the lot or take a test drive. Before you go, check to make sure your license isn’t expired, so you don’t have to wait to take your new car for a spin.

Proof of Residence

If you are buying a car from a dealership, you’ll also want to bring proof of residence, especially if you’ve moved in the last year. Good proofs of residency include utility bills or your lease or mortgage agreements. It helps verify the address on the paperwork, so dealers know where to send bills for your monthly payments.

Proof of Insurance

In most states, proof of insurance is required before you can drive your new car off the lot. So, bring your current car insurance information with you when you go to buy a car. You can call your insurance company ahead of time and let them know you will be adding a vehicle to your policy to speed up the process.

Have Your Form of Payment

Of course, you won’t be taking your car anywhere if you don’t pay for it. So be sure to bring whatever form of payment, cash, check, or loan with you to the dealership. If you need money for a down payment, you can get cash for your old car from a car buying company like CashCarBuyer.

If you are going to trade in your old vehicle to the dealership to help you pay for your new car, you will also need to bring your car title and registration. These documents prove you own the vehicle and can transfer it to the dealership.

Proof of Income and Credit Information 

If you are financing your new car with a loan, you’ll want to bring proof of your income and know your credit score. Knowing your credit score and income helps you understand what you can afford and get a better deal. These documents can also help you get through the additional loan paperwork at the dealer.

Be Prepared When You Go to Buy a Car 

If you are wondering how to buy a car, you have to take time to do research, test drive, and fill out paperwork. Having all your documents prepared before you go to the dealership simplifies the process so you get the keys to your new ride faster.

If you found this article helpful, check out more lifestyle tips and guides on our website.



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