While there was a slight dip in the number of people buying new vehicles during the coronavirus pandemic, people have again returned to dealerships around the country to buy brand new cars.
When buying a brand-new car, it’s easy to be tempted to simply start joyriding around town. However, there are a lot of important steps that you need to take pretty much right after you leave the dealership.
Do you know what to do after buying a new car?
If not, stick with us for this new car checklist to help you get situated right off the bat.
Insure Your Car
If you took out a loan to buy your new car, you will be required to get accident and theft insurance for your vehicle. However, if you bought your car outright, it is optional to ensure your vehicle in this way.
You are legally required to have liability insurance in order to help protect other drivers from your potential actions. The requirements for different types of insurance vary between states, so it’s a good idea to familiarize yourself with the laws where you live.
It’s a good idea to research different insurance providers before you pick an insurance policy. You’ll want to learn about what the benefits are, what the premiums you’ll pay will be, and how much your deductible is.
Get the Title
When buying a brand-new car, the dealership will hands the title over to you if you bought the car in full. They will also sign the title over to you in order to indicate that you are now the owner.
When you receive the title, you will want to double-check that the odometer reading is accurately recorded.
If you purchased your car using a loan, you might not receive the title to the vehicle when you buy the car. This is because, in many states, the dealer is required to send this document to your state agency in order to be processed.
Keep the Bill of Sale
Your bill of sale is basically the receipt for your vehicle. You will want to hold onto this. It shows the buyer, the seller, how much you purchased the vehicle for, and any terms that apply to the deal.
This document is used to calculate sales tax. You will need the bill of sale when you go to your motor vehicle department to register your car with the state.
Get Temporary Tags
You will typically receive temporary tags from the dealership that will give you 30 days in which you can register your new car. Many dealerships also will give you a 30-day registration document in addition to the temporary tags. Make sure that you keep this temporary registration in your vehicle in case you are pulled over and need to prove that you are the owner of the vehicle.
Register Your New Car
You will need to get your vehicle registered before the 30 day grace period ends. There is a fee associated with registering your car and it is illegal to drive any vehicle that isn’t registered.
Sometimes you will be able to register your brand-new car at the dealership as well as receive permanent license plates there. In most cases, though, you will need to go to the motor vehicle department of your state.
Make sure you look at the website for your state’s motor vehicle department to learn which documents you should bring with you. You will typically need to show proof of insurance, loan documents, and the title. Depending on your state, you might also need to show that the state emissions test has been passed by your vehicle.
Even though your car is fresh off the assembly line, scheduling maintenance should still be on your new car checklist. Talk to the dealership about the maintenance schedule for this particular vehicle. You’ll want to closely follow the schedule to keep your vehicle in good working condition.
It is never a good idea to skip over maintenance in order to save a little money. This can end up costing you more money in the long run.
It’s also a good idea to familiarize yourself with your state’s lemon law. You can check out more on the topic here.
Search For Recalls
Next on our checklist for buying a car is searching for recalls.
Sometimes there are recalls on certain parts of new vehicles. Sometimes the parts that need to be replaced or updated can impact your safety, so it’s important to stay attentive to any recalls that might arise. It’s a good idea to make a habit of searching for recalls a couple of times a year.
Save the Paperwork
Any car-related paperwork that you have you should keep on file. While your registration should stay in your vehicle, other documents should be kept in a safe place. These might include tax receipts, the bill of sale, financing documents, your insurance certificate, and a copy of your registration.
What to Do After Buying a New Car: Get These Things Done Right Away So You Can Start Enjoying Your New Car
There is a lot of paperwork and other tasks you have to take care of when you buy a new car. Even though this can be pretty boring and kind of annoying, all of these steps can help you avoid issues down the line.
Did you find this article on what to do after buying a new car interesting? If so, be sure to check out the rest of our blog for more fascinating and informative content!