What You Should Know Before Buying a Car in Oregon
On behalf of The Johnston Law Firm, LLC posted in Car Accidents on February 7, 2017
Buying a car is a major investment. It pays to shop around. You want the vehicle you choose to be mechanically sound, offer good fuel mileage, and boast the safety features needed to protect you against car accidents. It is also important that you are not paying more than the car is worth. With that in mind, here’s some helpful information on some of the fees included in your vehicle’s purchase price, as well as tips on how to negotiate the best deal.
Fees When Buying A Car
New car buyers are often shocked at the difference between a car’s sticker price and the price it costs to drive it off the lot. This is due to the fees added by your dealership. According to Consumer Reports, these are likely to include the following:
- Sales tax: Oregon’s zero percent vehicle sales tax makes it a great state in which to purchase a car, but non-residents will be expected to register their vehicles and pay the appropriate tax in their home state.
- Title and registration: Set by the Oregon Department of Motor Vehicles (DMV), these depend on the type of vehicle you are purchasing.
- Documentation fee: These are fees charged by the dealer for processing your title and registration, which the DMV limits to a maximum of $150.
- Destination charge: This covers shipment of the vehicle to the lot, and varies depending on the dealer.
You will likely be offered a variety of different types of warranties and insurance policies, including Guaranteed Auto Protection (GAP) insurance which covers any unpaid car payments in the event of an accident. While this is important coverage to have, it may be included as part of your loan servicing.
You should always take the time to research any vehicle you are buying before committing to a purchase. Sites such as Edmunds allow you to review information on price and reliability by car year, make, and model online, and offer these tips on how to negotiate the best deal:
- Make sure the dealership you visit has good customer reviews.
- Between test driving, making offers, researching cars, and financing, expect to be there at least four hours.
- Pick a salesperson who is not intimidating and is willing to work with you.
- Keep your facts handy, including the car’s True Market Value (TMV) and what it is selling for at other dealerships;
- Take risks in making offers, and do not be afraid to walk out if you do not get the deal you want.
To keep your price low, avoid purchasing dealer add on services that tend to be unnecessary or have high markups. These include extended warranties, special paint coatings, and fabric protection.
Our Portland Car Accident Attorneys Are Here For You
Even with all the safety features newer cars come with, accidents and injuries can still occur. If you or someone you love is involved in a car accident, contact the Johnston Law Firm today. We provide professional legal representation you need to assist you in getting the compensation you deserve.
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