PDF DEALERSHIP VISIT

[Pages:1]DEALERSHIP VISIT

So, you are ready to go to the dealership to find your next vehicle. There are a few things that you should keep in mind before you head to the dealership. You will have more expenses than just the monthly finance payments. Don't forget to include the costs of things such as gas, scheduled maintenance, insurance, and the state registration fee. All of these costs are part of owning a vehicle. Keep these costs in mind when figuring out what you can afford. Once you have your budget set, you are ready to pick out a vehicle and work on the financing.

To make sure your dealer visit goes smoothly, make sure you have the following information with you.

? Social Security number ? Date of birth ? Current and any previous address ? Current and previous employer information (length of time, address) ? Proof of income ? Information on existing credit accounts ? Driver's license ? Name and addresses of up to four references that don't live with you ? Online credit decision or pre-approval offer letter

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During your visit, you'll probably be introduced to someone in your dealer's Finance and Insurance (F&I) department. They will have plenty of finance options and will work with you to find the options that are right for you.

Here is what an F&I manager will do for you:

Tell you about special financing offers such as manufacturer's incentives, reduced finance rates or cash back

Walk you through and answer any questions about the financing contract Arrange all the details of your financing

Explain optional products such as GAPCoverage, WearCare? and Extended Service Plans

You'll sign a finance agreement. It will include:

? The price of the vehicle ? Financing charges plus any optional add-on purchases, such as GAPCoverage,

WearCare? and Extended Service Plans ? Your payment schedule

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