Completing Your New Car Paperwork
You want to do the final step right - double check all the paperwork, examine your car closely, and avoid any hassles.
Objectives:
1. Finalizing your new car purchase
2. Understand best way to proceed
Advantages:
1. Not getting ripped off at the last minute
2. Taking your time and doing it right
Action item:
1. Closing the deal at the dealership
Time required:
1. Completing paperwork: 30--45 minutes
What to expect
You are on your way to the dealer to pick up your new car. You’re excited and
elated. You are also extremely vulnerable! Most people rush through the last
step, exposing themselves to considerable financial harm as a result.
Here’s what’s ahead of you:
- Vehicle inspection - inside & out
- Test drive your new car
- Problem correction and/or documentation
- Paperwork review
- Paperwork correction
- Paperwork signing
You need to be thorough and cautious. That way, when you drive off in your
new car there won’t be any unpleasant surprises.
What to bring
Don’t just rush to the dealership unprepared.
Here’s what you’ll need:
- Your new car folder with online quotes
- Your winning dealer’s price quote
- Four inspection checklists we provide
- Calculator for checking paperwork numbers
- Notepad for recording extra information
What to watch out for
There are plenty of things to watch out for during this step. That’s why we
provide you with four checklists for inspecting the car.
We’ve also provided a paperwork checklist to remind you
of what to watch out for on the paperwork.
Here are the general categories:
- Correct model information
- Correct option list
- Correct base price
- Correct option pricing
- Correct fees per quote
- Correct down payment
- Correct math
- All items complete
- All blank spots marked off and initialed
Use this paperwork checklist only after completing a thorough vehicle
inspection and test drive. If the vehicle is a lemon or even if it only has a
minor defect (or two), then you want to catch it now.
Otherwise, the problem is much harder to deal with. In fact, you might find that
you are 100% responsible for fixing any problem that wasn’t reported.
Buying a new car is a big purchase. Take the time to do it right.
Related: Forms Related:
Inspection Related:
Insurance
