Documents You Should Bring When Buying A New Car

September 19th, 2017 by

It’s not everyday that we go out to purchase a new vehicle. For this very reason not a lot of people have experience with it. We understand this fact of life, and that is why we’re here with the information that is going to help assist future car owners with a life decision. Whether it’s buying a car from a local Volkswagen dealership in Libertyville, or purchasing it from anywhere else, these standard documents are a must-have everywhere.

Financing a New Vehicle

Financing a new Volkswagen doesn’t have to be confusing. It doesn’t call for running around Libertyville frantic without a clue in the world. Half of the documents one will need are already in the previous owner’s car already.

The first document that is a necessity almost everywhere is the driver’s license, then further proof of insurance along with the contact information for the driver’s insurance agent. These are preliminary documents that all drivers need to have on them at all times anyways.

Additionally, in order to show proof of financial buying power – so that the Volkswagen dealership can see creditworthiness as well as purchasing power, additional documents are needed. These include: a current pay stub, proof of residence (address, utility bills, etc.) that establish where the driver lives. At the root of all of this is to determine the driver’s credit worthiness so that financing options can be discussed and made available for the purchase of a new Volkswagen.

Trading in a Vehicle

A Volkswagen dealership in Libertyville works with the owner’s preexisting automobiles and allows for them to trade them in for either a used or new car. This is a great and efficient way to utilize a current automobile’s worth and push those funds into a new purchase. There are tools online that can be used to calculate how much a current automobile costs and how those can be translated into equity on a new car.

Along with the previous documents (those used for the purchase of a new vehicle), further vehicle-specific articles must be in possession for a trade-in. These include the vehicle title, that is usually within the car or saved in a designated safe place. Additionally, if there is still a balance on a current vehicle loan that the driver is going to trade-in, there has to be an amount listed of the current loan balance due. This can be found on wherever the loan is being provided. This can be found in the following locations: a bank website, loan provider records, auto-specific finance website.

Having all of these documents on hand will allow drivers the ability and know-how to purchase a new vehicle or trade one in without any hassle.

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