What do you need to buy a new car

Buying a new car implies an important investment, so it is essential that we previously study all the possible options that the market offers us and inform ourselves of all the key aspects that must be taken into account when making the purchase. Mainly, it is essential to be clear about our real needs to choose the right vehicle, look for the best offers comparing the different prices and go to trusted dealers or entities that give us facilities to be able to assume the payment of the final price of the vehicle. Pay attention to this article in which we offer you a very useful guide on what you need to buy a new car and the key points that you must bear in mind before carrying out any procedure.

Documentation needed to buy a new car

When we are ready to buy a new car and for whatever reason we can not make a cash payment of it, the usual option and solution is to resort to financing the vehicle. However, before making this process, it is important to be aware of all the details and above all to be sure that we can return the loan that we are going to request to make the purchase of the car. If possible, it is advisable to give an entry to avoid having to finance 100% of the final amount and also to reduce the subsequent payment of interest.

In general, the requirements to finance a car that banks usually request are the following:

• Have the ability to make the repayment of the requested loan. The entity can analyze the current solvency and economic situation of the applicant, taking into account their income, the payments made each month and if they already own other assets.
• Be of legal age, that is, have already turned 18 years old.
• Not be part of any list or file of defaulters.
• Have the DNI in force.
• Submit a copy of the last income statement.
• Submit a photocopy of the latest payroll.
• Present the work history.

Once an agreement has been reached with the entity, it is very important to carefully read the contract of sale of the car before proceeding to its signature. Above all, it is essential to make sure that the final price matches the one established at the beginning and that there is no additional charge.

Finance the car at the dealership

Nowadays, there are many who decide to finance the new car with the dealer where they bought it. This can have some advantages with regard to the financing offered by banking entities, such as convenience and speed, since it will not be necessary to start the search for a bank that is willing to grant us the loan.

In addition to this, dealers usually offer discounts and offers that can significantly reduce the final purchase amount. There are also some cases in which they are willing to accept our old vehicle, which can also mean a discount on the total price.

On the other hand, there may be some drawbacks, for example, the fact of being subject to a minimum period of funding, cancellation fees a little high or stipulated money entries that can not be modified. In short, the most advisable thing is to study previously all the possible financing options and choose the one that best suits our needs.

Where to buy a new car

Once we know what it takes to buy a new car, we are likely to ask ourselves: what is the best place to buy our vehicle? Well, basically we have two sites to which we can go: official dealers or official agencies. The first are the representatives of the brands and the second are representatives of a particular dealer. That is, the official agents will have made the purchase of the vehicle from the dealer and, therefore, rarely do more discounts on the final price.

Comparator of new cars: ease of purchase

Currently, there are other options that can greatly facilitate the search for the ideal new car and streamline the purchase process. One of them is to use the online comparators of new cars, such as Carnovo, with which it is possible to customize the vehicle you want to buy and based on this configuration, receive the best offers in a very short time.

In this way, you can find which dealers offer the best prices and save a lot of time in negotiations and subsequent sales transactions.

Other important tips before buying a new car

• Mark an initial budget: it is important to set a budget that fits the reality, taking into account our economic solvency and ability to assume the repayment of a loan.
• Buy the right car: it is convenient that we have clear from the beginning what is the type of vehicle we are going to buy, attending to our daily needs so that we can later consider that the purchase of the vehicle has been a good investment.
• Analyze the price of the vehicle: it is always advisable to request quotes from different dealers and study the final prices. Only if we compare the different budgets, we can make the best possible purchase.
• Take into account the extras: the more extras you have the vehicle, the higher the final amount, so it is convenient to have this in mind when making the purchase and assess whether all this equipment is really necessary for us or not.
• The type of engine: the advantages and disadvantages offered by diesel engines and gasoline engines must be previously assessed in order to make a good choice. In the following article, we show some keys to choose between a diesel car or gasoline.
• Take into account the additional costs: it is also important to bear in mind that the purchase of a new vehicle will also entail other additional expenses, such as insurance or the Tax on Mechanical Traction Vehicles (IVTM), among others.