Buyer’s Order for a Car: Everything You Need to Know

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is a Buyer’s Order?
The vehicle identification number or VIN The make and model of the car Information about the customer or buyer Information about the dealership or seller An itemized breakdown of the vehicle’s sales price and related fees Customer down payment details
The Purpose of the Car Buyer’s Order
Can I Negotiate Items Once I See the Buyer’s Order?
Vehicle Selling Price
Document Fees
Trade-in Credit
Add-Ons
What Other Legal Documents Will I Sign?
Retail Installment Sales Contract
Bill of Sale
Other Car Financing Options
Private Party Auto Loans
Leasing vs Buying
Bank Car Loans
The Takeaway
3 Auto Loan Refi Tips
Refinancing your auto loan could lead to lower monthly car payments and more money in your budget. Lantern by SoFi can help you find the right auto refi loan for you. Lengthening the term of your auto loan can decrease your monthly payments and free up funds for other financial goals. You may have trouble refinancing the loan on a car that is worth less than what you owe. For more info, check out When Is the Right Time to Refinance a Car?
Frequently Asked Questions
Photo credit: iStock/Denis_Dryashkin
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About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and currently serves as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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