What to Expect When Buying A Car in Augusta, GA
Purchasing a vehicle, especially for the first time, can be a rewarding and exciting experience, especially here at Milton Ruben Chevrolet. But when it comes to the gritty details of how much research to undertake beforehand or which documents to bring to our dealership, we find our customers are overwhelmed.
But don’t fret: we’ve created a list of things to expect when buying a car with us. Don’t let paperwork get in the way of experiencing the excitement of a new vehicle! Read up and come prepared: let’s get what you want.
Before the purchase.
If you don’t know your credit score, learning your status before financing your vehicle is crucial. Educating yourself on your financial standing raises your confidence when negotiating, and the better your credit score, the higher chance you have of qualifying for a lower interest rate.
The next step is to research the range of interest rates you should strive for. Armed with interest rates from other financial institutions or agencies will help in negotiation, and by filling out our pre-approval form, you can be fast-tracked through the process altogether
Â
Know your loan terms.
Our goal isn’t to put you in a car that you can’t afford. Research and education is important to complete before the car-buying process even begins. Always keep within your budget, and always know your loan terms.
Auto loans tend to last between three to five years. Be prepared for us to run a credit check and to ask questions about your income. Our financial team will calculate your interest rate based on your credit score, credit history, amount of previous debt, income amount and whether you are in good standing with your present insurer.
At the dealership.
These are the five primary documents you will need to bring with you to our dealership.
1. Proof of income
Pay stubs from the previous month and the previous year’s income as reported on your taxes.
2. Credit and banking history
Outstanding loans, mortgage or lease agreements, alimony or child support payments, credit card or bank statement, as well as any other financial obligations you may have.
3. Proof of residence
This can include any personalized mail with your exact name on it, as well as mortgage statements.
4. Proof of insurance
We require proof that your insurance company is aware of your newly purchased vehicle and that it’s fully covered.
5. Proof of loan
If you decide to finance with another institution, we will need proof of your loan.
If you’re planning on purchasing a vehicle and are curious about our process, drop by Milton Ruben Chevrolet at 3514 Washington Rd Augusta GA 30907 today. We look forward to serving our customers from Grovetown and Evans, GA, Aiken, North Augusta and Graniteville, SC.