Don't forget to bring:
- Valid Driver's License
- Current Proof of Insurance
If you are trading a vehicle:
- Vehicle Registration Card
- Your Vehicle Title *Do not sign the back of your title
If you are trading your current car and your current car is paid off, bring your title.
- If you cannot find your title, the NC DMV will charge $60 to provide you a replacement. We can take care of that for you, just be prepared for the $60 surcharge from the DMV for lost title.
If your car is not paid off,
- we will work with your lender to get the payoff amount for you. Your lender holds the title until the car is paid off so we will arrange this for you.
If there is more than one name on the title of the trade-in car,
- all parties whose names are on that title have to be present to sign trade documents. Even if only one person is going on the new paperwork for the new purchase, all parties must be present.
Important Note: Your driver's license must be from the same state in which you wish to title your new car.
- We can title for all 50 states, but your driver's license must match the state you request for us to title the car in, whether you are a North Carolina resident or any other state, this is a must-know.
Finance and Credit Basics
Other than housing, the purchase or lease of a vehicle is probably the greatest expense that you will make. One alternative to paying cash for the full-price of your vehicle is to finance or lease it. You may choose to make monthly payments towards the purchase (buy), or pay for the use of the vehicle over a scheduled period of time (lease), plus any lease charges.
Whether you decide to finance or lease your vehicle, it's important to understand your credit and how it will impact the process. Before financing your vehicle, creditors will decide whether you are eligible for an extension of credit, how much, and the cost of that extension of credit. To determine this, they may use your credit score and history. This information basically tells them how likely you are to be able to make your payments. There are three major credit reporting bureaus that gather and track facts about your credit history. The bureaus use the information they receive from your creditors, public records and other sources to generate your credit score.
Visit http://www.annualcreditreport.com for more information.