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New and Used Auto Buying Checklist

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June 2017
Auto Resources
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.

Get Preapproved Now

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:

  1. Your DVCU preapproval letter (know that you have great financing already in hand)
  2. A photocopy of your driver’s license (don’t surrender your license at the dealership)
  3. Knowledge (access the Arizona Attorney General’s website for excellent tips)
  4. Estimates for your vehicle (bring examples of competitive pricing from reputable sites)
  5. Confidence (be prepared to walk off any lot and to know you deserve the best treatment)
  6. Research (do your homework on the dealership and their best salespeople)
  7. 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.

Apply for an Auto Loan

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.