Congratulations on your new car! But before you peel out of the dealership, there's a crucial step: the Pre-Delivery Inspection (PDI). This is your chance to ensure your shiny new ride lives up to the hype.
Here's how to dominate your PDI:
Daylight is your friend: Schedule your PDI for a bright daylight session. This allows you to meticulously examine the car's exterior for scratches, dents, or paint inconsistencies that might be missed under artificial lights.
Beyond the Body: Pop the hood: Check the engine bay for leaks, loose parts, and overall cleanliness. A clean engine often indicates a well-maintained car.
Open wide: Inspect the interior thoroughly. Look for upholstery imperfections, malfunctioning buttons, and proper operation of all features like AC, infotainment system, and power windows.
Don't forget the essentials: Ensure the toolkit, jack, spare tire, and owner's manual are all present and accounted for.
Paper Trail Power: Verify that the car's identification number (VIN) matches the paperwork and the odometer reading reflects minimal mileage (usually below 100 km).
PDI (Pre-Delivery Inspection): A thorough inspection performed by the dealership before delivering a new car to ensure it meets all quality standards and is free of defects.
MSRP (Manufacturer's Suggested Retail Price): The recommended selling price set by the car manufacturer. This is often used as a starting point for negotiations.
VIN (Vehicle Identification Number): A unique code assigned to every vehicle that contains information about the car’s make, model, year of manufacture, and other specific details.
APR (Annual Percentage Rate): The annual rate charged for borrowing through a loan or earned through an investment, expressed as a percentage. It includes any fees or additional costs associated with the transaction.
Depreciation: The decrease in a vehicle's value over time due to factors like age, mileage, and wear and tear.
Lease: A contract where you rent a car for a specific period (usually 2-4 years) with the option to buy at the end of the term or return the vehicle.
Trade-In Value: The amount a dealership offers you for your old car when you are buying a new one. This value can be applied towards the purchase price of the new vehicle.
Warranty: A promise from the manufacturer to repair or replace certain parts of the vehicle if they fail within a specified period. Common types include bumper-to-bumper and powertrain warranties.
Down Payment: An upfront payment made when purchasing a car, which reduces the total amount financed and can lower your monthly payments.
Title: A legal document that proves ownership of the vehicle. It includes information such as the owner's name and the vehicle's VIN.