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Steps in purchasing your next vehicle:

There are several things to consider when purchasing a vehicle. Below is a rough guide to help you through the process.

 

1) Title Check

  • Make sure you do a background check on the vehicle or vehicles you are considering. Once you make the purchase, it's too late to find out that you bought a lemon. Check out CARFAX today!




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2) Inspection

  • When you are purchasing a vehicle online, you want to avoid scams. Even if a vehicle history report comes back clean, it doesn't mean the car is in great condition. Having a local inspection done before you exchange payment is a must! There are even vehicle inspection services that will accommodate out of state purchasing.



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3) Warranty

4) Shipping

  • If you are in the market for a particular make and model, sometimes it's hard to find what you want. When you eventually do, often driving out of state, or across the country to pick it up is not an option. Luckily there are some affordable shipping services to help you bring home the car of your dreams!





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5) Credit Report

  • Now that you have found your vehicle and know how you are going to get it home, the next step is to prepare for financing. Before you start submitting applications for car loans, make sure you know what your credit is like, and be more sure in the amount of the loan you are considering.

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6) Financing

  • Be sure to find a competitive interest rate, at the right payment amount and schedule for our current needs. Don't get in over your head, and end up paying double the selling price in 6 years. This is the most important part of the buying process.

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7) Escrow

  • 99% of the time you are not going to know the person you are buying your vehicle from if you find it online. Even with people you think you can trust in a transaction, things can go bad. That is why it is essential to have an escrow service make sure your money is safe. The buyer and seller agree to the terms, the buyer pays the escrow service, the seller provides the merchandise, the buyer accepts, and the final step involves the seller being paid by the escrow service. A small price to pay for peace of mind.



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8) Insurance

  • Before you leave the driveway, be secure in knowing that you are covered. Good, affordable insurance coverage is worth shopping around for!

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