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Buying a Vehicle in NYS. Mr. Lombardi. New Reliable Warranty . Used Cheaper Less depreciation. What Do I Buy - New or Used?. What Do I Buy?. All used cars will need repair sooner or later. Consider the cheapest and easiest to repair. What Do I Buy?.
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Buying a Vehicle in NYS Mr. Lombardi
New Reliable Warranty Used Cheaper Less depreciation What Do I Buy - New or Used?
What Do I Buy? • All used cars will need repair sooner or later. • Consider the cheapest and easiest to repair.
What Do I Buy? • All vehicles use fuel – even a hybrid • You should consider MPG
What Do I Buy? • All cars in NYS need basic insurance coverage. • $25,000 for bodily injury (one person) • $50,000 for bodily injury (multiples) • $10,000 for damage to another party’s car or property • You should consider more • Some vehicles are difficult to insure • Cont.
Insurance Cont. • There are a significant number of insurers that do not wish to write a particular vehicle, due to unfavorable loss experience, high cost or limited availability of replacement parts, or high theft records.
Where to buy? • Try to buy local • Visit these sites • Edmunds • NADA • Kelly Blue Book • Do not buy without: • Car Fax report • Mechanics recommendation • Cont.
What Do I Buy? • Remember; new cars are built every day.
DMV Paperwork • Make sure that the legal owner of the vehicle can give you acceptable proof of ownership. • Make sure it is a “Clean” Title (Lien) • A New York State Insurance Identification Card (FS-20) • Proof of your identity and date of birth. • 16 years old or older • Cont.
DMV Paperwork • Vehicle Registration / Title Application. • Form MV-82 • Proof of sales tax payment, sales tax exemption, or purchase price. • Form DTF-802 (buyer & seller) • All Forms Available on NYS DMV Website.
DMV Paperwork • You will receive: • vehicle plates • registration sticker • registration document • inspection extension sticker (10 day) • DMV mails the new title certificate