Tuesday, July 14, 2009

Buying a car.. What is buyers order? proof of insurance? Auto loan from Credit Union?

Hello,



I went to get an auto loan from a local credit union and got the pre-approval from them..



But they told us that to get the actual loan check, we would need to bring the followings:



-signed buyers order



-proof of insurance



-proof of income (copy of paystubs)



We forgot to ask what buyers order is before we walked out.. Does anyone know what it means? Is it something I get from the dealer?



Proof of insurance - Isn't it something you get AFTER you actually get the car? Do I just go ahead and buy an insurance policy? Am I bound to pay the insurance if I end up not getting the car I registered for insurance?



Any help would be REALLY appreciated..



Thank you!!



Buying a car.. What is buyers order? proof of insurance? Auto loan from Credit Union?

A buyers order is basically your purchase contract. It has the info on the auto you want to buy (model,VIN, and any other related info).



Proof of insurance is easier than you think. Call your insurance company and tell them that you need insurance on that specific vehicle (of course matching the VIN in the buyers contract). Then ask them to fax over a copy of it to the credit union ASAP.



If it turns out you cannot get the loan, just call them back and tell them the situation.



Buying a car.. What is buyers order? proof of insurance? Auto loan from Credit Union?

Auto Loan Guide: http://autoloans.autoloanassis... Report It



Buying a car.. What is buyers order? proof of insurance? Auto loan from Credit Union?

i'm not sure, but i think this site has the answer to this particular question. they've got lots of stuff about this anyway.



Buying a car.. What is buyers order? proof of insurance? Auto loan from Credit Union?

proof of insurance - an insurance card -- most dealers won't let you drive off the lot without it at least that the way it is here)



The Credit Union want sot make sure they are listed as lien holder



Buyers Order - is that the form that shows what the actual cost of the car that you will need - price, taxes, fees, warranty etc



Buying a car.. What is buyers order? proof of insurance? Auto loan from Credit Union?

Proof of insurance - Isn't it something you get AFTER you actually get the car? :



immediately



the best prices I found them here. good luck!



http://all-car-insurance.blogspot.com/

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