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4 min read Published October 13, 2022
Writen by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the ins and outs of securely borrowing money to purchase the car they want.
The edit was done by Rhys Subitch Edited by Auto loans editor
Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers feel confident to manage their finances through providing precise, well-studied information that break down complex topics into digestible chunks.
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The most important thing to leave the car lot pleased with the purchase is to be able to identify the best concerns to inquire about. To advocate for your wallet and requirements, be prepared with difficult questions and be ready to walk away in the event that you don't receive satisfactory answers. If you don't, you might not receive the best price when purchasing a car. Questions to ask all car dealers Whether you are buying a the car new or second hand, there are three main questions you should ask the dealer before going into the store for a shake. Do I have the opportunity to test drive the vehicle? It is difficult to determine if a vehicle 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 requirements and daily routines. If you're able to, ask if you can take the vehicle into your garage, or parking space to see if it fits perfectly. Some dealerships may even allow you to store the vehicle overnight to test it through your day-to-day routine. What is the warranty for the car, if any? Warranties can cover certain damage caused by the vehicle and wear and wear and tear. For new vehicles, manufacturer warranties cover more serious issues but you'll still need to cover regular maintenance. Some newer used cars might still be covered by their original warranty or a new warranty when you opt to purchase a certified used (CPO). If there's a warranty that is in place, you may save quite a bit on future repairs, depending on how long it's. Even if there's no warranty, you could see if an extended warranty or gap insurance are options. However, these are expensive and often not required, so consider your needs carefully before asking a salesperson about it. What are the additional costs associated with purchasing this vehicle? No matter what vehicle you decide to purchase it is important to be ready to pay additional charges. Your state may have title transfer fees and other costs which aren't negotiable. The dealership could also charge specific fees that you'll have to pay. Although it may be tempting to add these costs (and sales tax) to your loan Avoid it if you can. In the end, you must be careful not to borrow more than the vehicle is worth. Taxes and fees must be paid in cash if you can. Things to consider when purchasing a new car The new car market continues to thrive, and prices remain at an ever-high. Therefore, even if feel like a seasoned veteran in this area, there are still a few essential points to be aware of to ensure that you receive the best price. Make sure the dealer can answer these questions before signing off on . What are the financing terms? Find out the terms offered by outside lenders. If you have excellent to good credit, you will be able to find the best deal with a bank, credit union or an online lender. Be sure to check the prequalification offer with the dealer offers. Are there any rebates or incentives? In some cases you could qualify for incentives when you buy a brand new car. This perk generally reduces the price of the purchase after taxes.These range from deals during certain times of the year to special offers for certain categories, such as veterans or students. How much is the documentation cost for this car? The documentation fee, also known as "doc fee" is charged by dealers to pay for concluding the sale contract on your behalf. Unlike some fees that come with a new vehicle purchase The documentation fee can't be bargained. Certain states have a limit on the amount that dealers may charge. If you're in a state where there isn't allow this, you could end up paying as much as $600 . Things to consider when purchasing a used car Despite the price increases for used cars because of shortages in inventory, buying used does come with its advantages. However, it is more of a risk in the event that you do not know the past of the vehicle. If you are planning to purchase it, inquire about the history of the vehicle, there are some questions you can ask to ensure that you are getting an excellent vehicle. Was this car involved in any accidents? There aren't any accidents that can be traced in a car history report, so ask outright if your potential car has been involved in any accidents and how it was later repaired. Ask about how long ago the accident was, and if there were any repairs after the incident. How many owners has the car had? Ideally, you want a pre-owned car with at least one or two satisfied owners, not a vehicle that was rented out to several drivers. A vehicle with a lengthy ownership history is an indication that the car has problems that need to be addressed. You should also ask how the dealer acquired the car. A trade-in might not have a full history attached, while a previous rental will have been regularly maintained -- when it was driven more than a car owned by a private owner. Do I need to have the vehicle inspected with my mechanic? Requesting a mechanic's inspection is a great final step in your inquiry process , but you should only inquire if you are certain you want the vehicle pending the results of an inspection. It can aid in determining the confidence of the dealer in the car and having an independent set of eyes to check the vehicle will assure you that you're getting the best you get for your money. The main point is that aside from researching the type of vehicle you want and shopping around for the best deal on financing, it's essential to be aware of the questions you should ask prior to going to the dealership. Pull up to your dealership with a clear plan and a list of the most pertinent concerns to inquire about. You'll also be equipped with the information needed to make an informed decision whether you're signing the dotted line or walking away to find a better deal elsewhere. Learn more
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Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating 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 since late 2021. They are dedicated to helping readers gain the confidence to manage their finances through providing clear, well-researched data that breaks complex topics into manageable bites.
Auto loans editor
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