The Best Way to Buy a Car Online

Because of the popularity of the Internet for research and doing business, dealers also follow the trend of selling online. Dealer inventories are easily accessible, along with pictures of each car for sale so shoppers can view inventory without going to the lot. Many dealers even have an Internet staff in place to specifically handle Internet customers. Manufacturer websites also show new-car options in detail, along with pricing and incentives. Buying online is a hassle-free experience.

Instructions

1. Choose the vehicle you want. Go to a dealer to test drive the model you want if necessary. Otherwise, confirm that all aspects of the vehicle you want are as you'd like. Determine government safety test results (Safercar.gov) and explore fuel efficiency (Fueleconomy.gov). Go to the manufacturer's website and build a virtual vehicle with all the necessary options to figure the manufacturer's suggested retail pricing. Explore colors and trim levels at the manufacturer's website. Once the vehicle is chosen and options decided, you can print out your vehicle's detailed summary. For used cars, research options, including colors, packages, levels and average price by using the resources at the bottom of this page.

2. Confirm availability, price and location. If buying a new car, email or call any dealers close to your home to determine availability. The manufacturer's website lists all current incentives, rebates and leasing programs for the car that you choose. Confirm pricing with the dealer who has the car you want. Use Internet vehicle classifieds such as Autotrader.com or Cars.com to find a used vehicle by location, color, price, trim level and other options. Contact the dealer with the vehicle you want to confirm that the vehicle is still for sale. Ask for more detailed pictures if needed. Confirm mileage and price. Obtain the vehicle identification number and write down year, make, model and options to provide to a bank for loan purposes. Ask the dealer representative if a deposit is required while you secure your financing to ensure that the vehicle is not sold.

3. Secure a loan or lease approval. Apply for a loan with the dealer or a financial institution of your choice. Use a website application form for national banks or for a local institution. If leasing, apply directly with the dealer. Once you are approved, let the dealer know immediately. Although the dealer will instruct you further, prepare to fax over a copy of your license so that the dealer can prepare your paperwork. If financing outside of the dealership, obtain your check for the vehicle amount and have it made out to whomever the dealership tells you to.

4. Make an appointment to pick up your vehicle with the dealer representative beforehand. Bring any paperwork that the dealer requires. Bring plates and registration if transferring plates. Sign all paperwork required by the dealer and hand over your check if financing elsewhere.

References

• Beat the Car Salesman: The Truth About Buying a New Car Online!

Resources

• Edmunds: Used Car Appraiser