As you begin your search in the Valley of the Sun for the right vehicle for you, it’s important to take a few minutes to think through your auto buying checklist. The first step is identifying the specifications for your ride, from seating capacity to color. Here are a few sample questions:
- What type of vehicle do you want (e.g., car, truck, van, SUV, motorcycle)?
- Will it be an everyday driver? If so, consider your desired fuel economy.
- How many doors do you need (e.g., none, two, four, hatchback)?
- What number of seats will serve you and your family?
- Do you need space for things like work supplies, groceries and kids sports gear?
- If you have children, do you want rear air conditioning, enhanced legroom, in-vehicle entertainment, a washable interior and lots of convenient cup holders?
- What is the safety rating of your desired vehicle?
- Are you interested in high tech features (e.g., Bluetooth, satellite radio, voice controls)?
Once you have a clear picture of the automobile you desire, it’s time to prepare for the buying experience. With competitive rates, Deer Valley Credit Union recommends obtaining preapproval before you set foot on a lot. This will ensure you are in the driver’s seat in the negotiation.
Buying a new or used auto is an exciting time. It can also be stressful, if you don’t prepare. So, let’s talk about how to own your vehicle shopping experience:
- Your DVCU preapproval letter (know that you have great financing already in hand)
- A photocopy of your driver’s license (don’t surrender your license at the dealership)
- Knowledge (access the Arizona Attorney General’s website for excellent tips)
- Estimates for your vehicle (bring examples of competitive pricing from reputable sites)
- Confidence (be prepared to walk off any lot and to know you deserve the best treatment)
- Research (do your homework on the dealership and their best salespeople)
- A checklist (print a list of items you wish to inspect on any vehicle you test drive)
If you have a trade-in, keep that information to yourself at first. Use it as a bargaining chip during the process, after you have a firm price and features outlined. Also, do not hand over your trade-in for inspection until you are ready to sign.
Oh, and it is the desert, so be sure to bring plenty of water and a hat as you stroll the lots!
Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval.