Your Smooth Ride Starts Here: Essential Car Buying FAQs
Trading up to a BMW in Tennessee begins with having the right information, especially when it comes to purchasing your new car. At our BMW dealer near Collierville, we know this well -- which is why we're compiling answers to some of the most frequently asked questions about car buying.
What Should I Bring When Buying a Car?
When you're ready to buy a new BMW in Memphis, make sure to bring the following items with you to our dealership to streamline the process:
- Your driver’s license.
- Proof of insurance.
- A blank personal check (useful for down payments or additional purchases).
- The title to your trade-in (if applicable).
- The payoff details for your trade-in if it’s financed or leased.
- Both sets of keys to your trade-in.
- A utility bill or other proof of residence that has the same name and address as your driver’s license.
Why Should I Bring a Blank Personal Check?
Bringing a blank personal check ensures that you can work with our team and easily make the best down payment possible once you factor in any additional products and services you may opt for. Note that we do not accept credit card payments greater than $2,500, so having a check will help avoid any delays in finalizing your price and purchase arrangement.
Why Do I Need to Bring Proof of Residence?
Proof of residence is essential if we are completing the registration for your new vehicle. Shelby County requires two proofs of residence that match the address on your paperwork. This helps verify your information and ensures compliance with local regulations.
How Is My Trade-In Appraisal Handled?
At Roadshow BMW, our comprehensive appraisal process involves reviewing the mileage, service records and condition of your trade-in vehicle. We then provide a fair market offer based on current market values. Want to get started at home? You can use tools like our trade-in value calculator to get an approximate value before you visit us.
What Does My Credit Score Need to Be to Be Approved for Financing?
Local BMW fans love that no minimum credit score is required to be approved for financing at Roadshow BMW. Our lenders will conduct a comprehensive review of your credit profile along with the vehicle you wish to purchase. We are committed to advocating on your behalf to secure the BMW financial services you need for a smooth purchase.
What Is a Lease & How Does it Work?
A lease is an agreement that allows you to drive a vehicle for a fixed period while making monthly payments, typically lower than traditional loan payments. At the end of the lease term, you can either return the car, lease a new one or buy the leased vehicle outright for a predetermined price.
Visit Us at Roadshow BMW
We hope these FAQs address all your car-buying questions. If you need any further clarification about buying a new BMW near Collierville, feel free to visit or contact Roadshow BMW. Our team is always ready to assist you in finding your perfect BMW, so stop in today to get started.
Next Steps:Review BMW Financing Specials | Apply for BMW Financing