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4 min read. Published October 13, 2022
Written by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ways and pitfalls of using loans to buy a car.
Editor: Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers feel confident to take control of their finances with concise, well-studied and well-researched content that breaks down otherwise complex topics into digestible chunks.
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The key to driving off the lot happy with the purchase is to learn the right questions to ask. To advocate for your wallet and your needs, you must prepare with a list of hard questions, and be prepared to leave in the event that you don’t receive satisfactory answers. Otherwise, you may not receive the best price in the purchase of a vehicle. There are questions to ask all car dealers Whether you decide to buy new or used, there are three main questions to ask your dealer before going to meet them for a handshake. Do I have the opportunity to test drive the vehicle? It’s difficult to tell whether a car is suitable for you until you adjust the seat and sense of the handling abilities. Be sure to pay attention to the feel of the brakes and if you can see the vehicle able to meet your needs and day-to-day routines. If you are able to, ask the dealer if you are able to bring it in your garage in a parking spot to see if it fits the way you want it to. Some dealerships may even permit you to keep the car overnight to test it through your daily schedule. What warranty is on the vehicle, if any? Warranties can cover certain damage that the vehicle suffers as well as wear and wear and. For new cars, manufacturers warranties cover the most serious problems — though you will still have to pay for regular maintenance. Certain used vehicles may still have their original warranty or new one if you decide to buy certified pre-owned (CPO). If there is a warranty in place, you can save money on future repairs, based on how extensive it is. If there’s not, you could see if extended warranties or gap insurance are options. However, these are expensive and often not required, take your time evaluating your needs before asking a salesperson about it. What additional fees come when you purchase this car? No matter what vehicle you decide to purchase, you should be prepared to pay additional charges. In your state, you may be required to pay fee for transfer of title and other costs that are non-negotiable. The dealership might also have some set fees that you’ll have to pay. Although it may be tempting to pay these fees — and sales tax in your loan be sure to avoid it whenever you can. After all, you should not take out more loans than your vehicle’s worth. Fees and taxes should pay in cash, if you’re able. Questions to ask when buying an automobile for the first time The automotive market is thriving, and prices remain at an all-time high. Even if you feel like a seasoned veteran in the field of buying a car, there are still a few important points to consider to make sure you get the best deal. Be sure that the dealer is able to answer these questions prior to signing off on . What are the available terms for financing? Look for them from other lenders. It is likely that if you have excellent to good credit, you will be able to find a better deal through an institution like a credit union, bank or online lender. Make sure you compare prequalification offers to what the seller offers. Are there any rebates or incentives? In certain instances you could qualify for incentives when you buy an automobile. This benefit generally lowers your purchase price after taxes.These vary from discounts offered during certain times of the year to those available for certain groups, like veterans or students. What will the documentation fee be for this vehicle? The documentation fee, also known as «doc fee» is paid by dealers to cover the costs of concluding the sale contract on your behalf. Contrary to some of the fees associated with the purchase of a new vehicle the document fee cannot be negotiated. Some states set a limit on the amount dealers are allowed to charge. If you’re in a state that doesn’t, it can cost you up to $600 . What questions should you ask before buying used cars despite cost increases on used cars because of shortages in inventory The purchase of used cars comes with perks. But, it could be more risky when you aren’t aware of the history of the vehicle. If you intend to there are certain questions you could ask to make sure that you’re getting an automobile in good shape. Has this vehicle been in any accident? The cause of all accidents cannot be found in a history report, so ask outright if your potential car has been involved in incidents and how it was repaired. Ask about how long ago the accident was, and if there was repairs that were later made to it. What number of owners has this vehicle had? Ideally, you want a used car that had two or more happy owners rather than a car which was given to several drivers. A car with a long ownership history is an indication that the vehicle has some unresolved issues. Also, you should inquire as to which dealer purchased the car. The trade-in vehicle may not have a full background, whereas a previous rental will have been regularly serviced , especially if driven harder than a car owned by a private owner. Do I need to have the vehicle inspected by my mechanic? Requesting a mechanic’s inspection is a fantastic final step in your questioning process , but you should only inquire if you are certain you’d like the car in the meantime of the outcome of the inspection. It will help you figure out the dealer’s confidence in the vehicle . Having an experienced pair of eyes to look the vehicle will assure that you’re getting what you pay for. The most important thing to remember is that in addition to conducting your own research about the type of vehicle you’re looking for and comparing to find the most affordable financing, you must know what questions to ask before heading to the dealership. Go to the dealership with a concrete plan and a list of most pertinent concerns to inquire about. You’ll also be equipped with the knowledge needed for making an educated decision whether you’re signing the dotted line or walking away to search for an alternative that is more affordable. Find out more
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Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ins and outs of securely borrowing money to purchase a car.
The edit was done by Rhys Subitch Edited by Auto loans editor
Rhys has been writing and editing for Bankrate from late 2021. They are dedicated to helping readers gain the confidence to take control of their finances with concise, well-researched and well-constructed information that breaks down complex subjects into digestible pieces.
Auto loans editor
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