Necessary Documents for Buying and Leasing a Vehicle
You’ve finally decided on a vehicle that meets your wants and needs as well as works for your lifestyle. That was the easy part. The actual process for buying a vehicle requires a little more than simply picking one out. There are some documents you’ll need in order to make everything official and drive off the lot in your new vehicle.
Proof of Insurance
Providing proof of insurance is a major part of the car-buying process. Proof of insurance shows lenders that the vehicle is covered in the event of an accident. Drivers who don’t have proof of insurance may not be allowed to leave the lot.
Your driver’s license serves as proof of identity and that you’re legally able to drive. Customers who don’t have their driver’s license will most certainly not be able to drive off the lot in a new vehicle.
Any down payment, whether by check, credit card, or wire transfer, should be presented at the time of purchase or lease. Make sure to have your payment on hand when you come to fill out the paperwork at the dealership!