Tag: buying-a-car

What To Do After Buying a Car Online

 

Online car shopping is getting bigger and bigger. The days of walking around a second-hand car lot are numbered, with more buyers turning up knowing exactly what they want. The question is – what do you do after you’ve bought a car online? Can you drive it straight home? Or do you have to do any paperwork first? We’ll answer those questions and more in this helpful guide. Here’s what to do after buying a car online.

 

Insure The Car

The first thing you need to do is ensure the car. You can’t legally drive it until this step is completed. Car insurance quotes can vary pretty dramatically, so it’s best to get a quote before you buy the car. You can compare car insurance quotes online. If you’re traveling a long way to buy the car, ask for the vehicle’s VIN number. This will allow you to secure a quote before you set off. 

Deliver The Car

In some cases, the car you purchase will need to be delivered to you. Look to a car shipping company to assure your car is delivered to you safely and in good condition.

 

Register the car and transfer the title

You also need to register the vehicle before you can legally drive it on the roads. When you buy from a professional dealership, they will take care of this step for you. However, if you’re buying from a private seller, you might have to register the car yourself. Check out your local DMV’s advice on registering a car. 

 

Get the car home

Now that the car is legally roadworthy, you need to get it home. In most cases, you can just drive it home. We’d recommend getting someone to drive you to the sale, so you can drive your new car home. However, if you’re shipping a vehicle from another state, you’ll need the help of a car shipping company. This is often cheaper than driving the car yourself. 

 

Read the owner’s manual

We know that this step isn’t the most fun, but it’s still important. You should at least skim-read the owner’s manual before you set off. You need to know the basic information about the car before driving it. If the car doesn’t come with an owner’s manual, check for an online version.

 

Take care of routine maintenance

When you buy a car from a dealership, it should be taken care of in terms of maintenance. However, if you’re buying from a private seller, there might be some work to do. Check the oil levels, check the tire pressure, and perform a brake test. This should give you a good idea if the car is in solid working order. If you’re not confident about performing the routine maintenance yourself, you should take the car in for a professional service. 

 

Check out the car’s features

It’s amazing how many people live with a car for years, without knowing all of its features. Read car reviews and do a deep dive into the owner’s manual to make sure you haven’t missed anything. Who knows? It might have heated seats that you never knew about. 

 

Take it for a drive

Now you’re ready to take the car for a drive. It’s important not to skip any of these steps when you’re buying a car online. Rush the process, and you could end up with a heap of junk.

Header Image Source

 

How to get 0% APR on your next auto loan

 

A 0% APR car loan is an auto loan that has no interest rate. This means that 100% of your monthly car loan payment will go towards the loan’s principal balance. There will be no interest charges at all.

 

Dealerships usually offer 0% financing only on new cars, and you typically have to have a very strong credit history to qualify. Furthermore, these promotions are generally only available from what’s known as captive financing companies. Captive financing companies are the finance arms of vehicle manufacturers, for example, Ford Motor Credit co. or Toyota Motor Credit Corp. Manufacturers use these deals to incentivize customers to purchase brand-new vehicles, which sell at significantly higher prices than used vehicles.

 

If you want to get a 0% APR on your next car loan, you need to understand what it takes to qualify for a zero-interest car loan and where you can find these types of deals. Fortunately for you, we can show you how to find the answers to these questions. Here are three things you can do to help you qualify for 0% APR on your next car loan.

 

Get Your Credit In Order

Before you head to the car dealership, you need to check your credit report and score. Your credit score will determine your eligibility for 0% APR financing. Your credit report is used to calculate your score, so you should check it carefully to make sure there are no errors. If something on your credit report looks incorrect, you need to dispute the mistake before submitting a car loan application

Lenders don’t usually share what credit scores are necessary to qualify for a 0% APR auto loan. Still, credit scores of 700 and higher are usually considered quite good and are your best chance at getting approved.

 

If your credit is not 700 or higher, you should work to improve your score before applying for 0% APR financing. You can improve your credit by:

● Paying bills on time
● Paying down the balances of your credit cards
● Keeping old credit cards open 
● Applying for new credit only if you really need it.

 

Look at Manufacturers for 0% APR Auto Loan Offers

If you have good credit, the next thing to do is start looking for the 0% APR auto loans you want to go after. These zero-interest vehicle loans are usually only offered by auto manufacturers, not banks or credit unions. Therefore you should start your research by looking for auto manufacturers that are offering 0% APR loans. 

 

You can usually find these offers by going directly to the manufacturer’s website. In general, manufacturers will offer no-interest loans on specific models and under particular circumstances.

 

Negotiate your Car Price and Apply for the Loan

Once you’ve found a manufacturer offering a 0% APR car loan deal, it’s time to negotiate the price of the car you want to purchase. It’s important that you wait to tell the dealer you’re looking for 0% APR financing until after you’ve negotiated the price of the car. This is because you’re more likely to get the best price possible if you negotiate the car’s price first. Once you’ve settled on a car price, you can start the process of applying for the auto loan.

 

Summary

If you want to get 0% APR financing on your next auto loan, there are three things you need to do. The first thing you need to do is have an exceptional credit score or start working towards improving your score. The next thing you need to do is research manufacturers to find the ones offering the 0% APR deal you desire. Lastly, you’ll want to negotiate the price of the car you want, then let the dealer know you wish to apply for 0% APR financing. 

Header Image Source 

 

Exit mobile version