What You Need To Buy Or Lease In Johnson City, TN?
If you've decided that it's about time to get a new vehicle, don't rush to the dealership. First, you should consider everything that you'll need to bring along with you to be able to buy this vehicle. Depending on if you're financing the vehicle, buying outright or trading in your old vehicle, you'll have to have different things on hand. Check out the list we've compiled below to make sure that you don't forget anything, and you're ready to buy the car you love after your test-drive.
Knowing what to bring with you to the dealership when it's time to buy or lease your new car is just as important as knowing which new car you're going to buy. Now that you've done your research, taken your test drives, and are ready to buy, you don't want to arrive at our dealership and realize you've forgotten an important document or piece of identification. Keep reading, and you'll be sure to have everything you need to have with you when it's time to buy or lease.
Here's What You Need At Johnson City Toyota Near Bristol and Kingsport
- Your driver's license: You'll want to have your license handy for proper identification when you're filling out all of the paperwork. However, there is a chance that the dealership might already have your license on file if you've taken the vehicle for a test-drive.
- Your Social Security number: If you happen to not know it by heart, bring your social security card with you as well. Even if you are buying the vehicle outright -- without any financing -- the dealer will still need your Social for tax purposes. Almost all financial transactions valued at over $10,000 need to be reported to the IRS.
- Proof of car insurance: You can't buy a car without this critical piece of paper. There are laws in all 50 states requiring drivers to have insurance because it protects everyone on the road. Regardless of if you plan to buy or lease, you'll want to bring this with you.
- Your wallet: You'll have to pay for this vehicle somehow, whether through financing, cash, cashier's check or credit card. There are many options to pay these days, and depending on how much your car is worth, it makes sense to figure out the best way for you to pay for your vehicle. When leasing, you'll normally have to make a down payment on the vehicle.
- Proof of employment, residence, and salary: Depending on your credit rating, you may need to bring these things with you when you buy or lease your new car.
- A few hours to fill out all of the paperwork: It can be a time-consuming process, especially if you're applying for financing. And if you're trading in your old car:
- A trade-in appraisal: Typically you'll have your appraisal performed at the dealership that you're trading it in to, and many times they'll be good for up to three days.
- Your old car's title: Once you trade it in, you'll have to turn this over since you're releasing ownership of the vehicle.