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Questions to ask when buying a car Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial choices by offering you interactive financial calculators and tools, publishing original and objective content. We also allow you to conduct your own research and compare data for free to help you make sound financial decisions. Bankrate has agreements with issuers such as, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The deals that are displayed on this website are provided by companies that pay us. This compensation can affect the way and when products are featured on this site, including such things as the order in which they appear within the listing categories in the event that they are not permitted by law for our mortgage or home equity, and also other products for home loans. This compensation, however, does not influence the information we provide, or the reviews you see on this site. We do not contain the entire universe of businesses or financial offers that may be open to you.
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4 min read. Published 13 October 2022
Written by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers to navigate the ways and pitfalls of borrowing money to purchase the car they want.
Editor: Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate from late 2021. They are dedicated to helping their readers to take control of their finances by providing concise, well-studied and well-researched content that breaks down complicated topics into manageable bites.
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The most important thing to leave the car lot pleased with your purchase is to learn the right concerns to inquire about. To advocate for your wallet and requirements, prepare with a list of tough questions — and be ready to leave in the event that you don’t receive satisfactory answers. If you don’t, you might not receive the best price in the purchase of a vehicle. There are questions to ask all dealers, whether you are buying a either used or new, here are three main questions you should ask the dealer prior to going into the store for a shake. Are there any test drives available for the vehicle? You won’t truly know whether a car is the right fit until you adjust the seat and get a sense of the handling abilities. Pay special attention to the feel of the brakes and if you can see the vehicle fitting all your needs and routines of daily life. If you are able then ask to take the vehicle into your garage, or parking spot to check if it is perfectly. Some dealers will permit you to keep the vehicle for a night to check it out on your day-to-day routine. What is the warranty in the automobile, if any? Warranties may cover specific damage that the vehicle suffers as well as wear and tear. For new cars, manufacturers warranties cover the most serious problems but you’ll still have to pay for maintenance on a regular basis. Some newer used cars might still be covered by the original warranty, or a new warranty when you opt to purchase certified pre-owned (CPO). If a warranty is in place, you can save quite a bit on future repairs, depending on the extent of it. Even if there’s no warranty, you could see if extended warranties or gap insurance is an option. But, they’re expensive and are often not necessary — therefore, you should think about your requirements before speaking with a salesperson about it. What are the additional costs associated when you purchase this car? No matter what vehicle you select to purchase, you should be prepared to pay additional fees. Your state may have fee for transfer of title and other costs that are not negotiable. The dealership may also have some set fees that you will need to pay. Although it may be tempting to just add these costs and sales tax to your loan be sure to avoid it whenever possible. After all, you should not take out more loans than your car is worth. Fees and taxes should pay in cash if you are able. When buying the latest car automobile market is still thriving and prices are at an ever-high. Even if you are a seasoned professional in the field of buying a car, there are a few important points to consider to make sure you receive the best price. Make sure the dealer can answer these questions before making a decision . What are the terms for financing? Find out the terms offered by outside lenders. It’s likely that if you have good or excellent credit, you will be able find a better deal through an institution like a credit union, bank or online lender. Be sure to compare any prequalification offers to what the dealer offers. Are there any rebates or incentives? In some cases you may be eligible for incentives when you buy a new vehicle. This perk generally reduces your purchase price after taxes.These range from deals during certain times of the year to those available for certain groups, like veterans or students. How much is the documentation fee for this vehicle? The documentation fee or “doc fee” is charged by dealers to cover the costs of completing the sales contract on behalf of you. Contrary to some of the fees associated with the purchase of a new vehicle the document fee cannot be negotiated. Certain states place a cap on how much dealers can charge. If you’re in a state that doesn’t allow this, you could end up paying as much as $600 . Questions to ask when buying an used car, despite the price hikes on used vehicles because of shortages in inventory purchasing used comes with its perks. Still, it can be more risky when you aren’t aware of the background of the car. If you intend to inquire about the history of the vehicle, there are some questions you can ask to ensure that you are getting a vehicle in good condition. Has this vehicle been in any accidents? Not all vehicle accidents can be found in a vehicle report. Therefore, you must ask whether your car was involved in any accidents and how it was later repaired. You should inquire about the time the accident occurred and if there were any repairs after it. How many owners has the car had? Ideally, you’d like an old car with one to two happy owners, not a vehicle that was passed around to several drivers. A vehicle with a lengthy ownership history could be an indication that the vehicle is in need of repair. outstanding issues. You should also ask what the source of the vehicle. A trade-in might not have a full background, whereas an earlier rental has been regularly serviced — if driven harder than a car owned by a private owner. Could I have the vehicle checked by my mechanic? Asking for a is a great final step in your questioning procedure, but make sure you only ask if you’d like the car in the meantime of the results of an inspection. It can assist you in determining the confidence of the dealer in the vehicle . Having a trusted set of eyes to examine the vehicle will assure you that you’re getting the best you get for your money. The bottom line Aside from conducting your own research about the type of vehicle you want and shopping around to find the most affordable financing, it’s essential to know the right questions to inquire about prior to visiting the dealership. Pull up to the dealership with a clear plan and a list of right inquiries to make. You’ll also have the information needed in order to take an informed decision, whether it’s signing on the contract or deciding to walk away in search of a better deal elsewhere. Find out more
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Writen by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the details of using loans to buy an automobile.
The edit was done by Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate since the end of 2021. They are dedicated to helping readers gain the confidence to manage their finances by providing concise, well-researched and well-constructed facts that break down otherwise complex topics into manageable bites.
Auto loans editor
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