Paperwork you need when buying car
Cars {Body type} for sale in {City} {Region} are now a necessary and convenient means of service for work and family in the Philippines. When you have found a car you like, what is the procedure to buy it? What are the necessary costs to register and circulate it? Let's find out through the article below!
Demand to buy cars {Body type} for sale in {City} {Region}
The high growth in automobile output in the first month is a positive signal of the auto market in the Philippines in 2022, when everyone is safely adapting to the Covid-19 epidemic and gradually returning to a normal state.
Car consumption in the Philippines increased sharply in the first months of 2022 due to many stimulus policies such as reducing registration fees. This policy not only increases people's demand for cars, but also causes some imported car brands to lower prices or increase promotions to compete.
What paperwork is needed to buy a car {Body type}?
The car purchase paperwork may not be the most important part of the car buying process, but knowing exactly what paperwork to bring will save you a lot of time and hassle at the dealership. Let's take a look at the paperwork you'll need to make your car purchase as smooth as possible.
- Identity card: This is a must-have item in any transaction. You can replace your driver's license or passport, but it's best to have an ID card with you when buying a car.
- Proof of income: If you buy a car for sale on installments, you will definitely have to provide proof of your income. Copies of your pay stubs for the past six months will ensure that you can repay the loan to buy a new car. Self-employed borrowers should bring tax returns. If you have income from other sources, such as Social Security or a retirement pension, provide those documents.
- Proof of Residence: Providing proof that you live at any address such as utility bill, credit card or auto insurance policy, ... is a must when buying cars {Body type} for sale in {City} {Region} on installments.
- Driver's license: The dealership needs your driver's license as proof of identity and to make sure you're a legally licensed driver before you drive a new vehicle. Driver's license must be valid and not expired.
- Proof of Insurance: You will need to provide proof of auto insurance after signing the bill for the purchase of a new or used car.
When buying a car online, you will easily choose the color, body type, brand, ... Therefore, you can refer to reputable dealerships like Philkotse to save time and follow promos, car prices Philippines easily. In addition to information about the car, Philkotse also provides you with information about the paperwork required when buying cars {Body type} for sale in {City} {Region}. Visit Philkotse’s website for assistance with the car buying process.
