I currently live in MA, but am financing a car in NH. I was wondering the steps I would need to go through to be able to drive it off the lot. Such as registering it and insuring it? I know to take it off the lot I need to have it registered, and to get it registered I need to insure it, but is there anyway around this, or can someone maybe explain it a little better for me?
Buying & Selling - 4 Answers
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1
If the car you're buying is replacing an existing car, or being added to an existing policy, use your current auto policy number and company; you have automatic coverage on the new one for whatever you had on the old one (liability only, liability and physical damage) for at least 30 days. If it's a "new" vehicle for you, not a replacement or addition, get the VIN from the salesman, then phone your agent/company, and use that for the new application. Then, when you get the title, or application for the title, for the new one, take that to the DMV, use the policy number you used at the dealer, and you should have no problems.
2
Call your insurance agent from the car lot and add to your policy from there? I am pretty sure telephones exist in New Hampshire, but check to be sure. I think the registration can happen after you've established that much.
3
Once you have signed your purchase agreement, just call your insurance company. Most (if not all) will insure it for you immediately and email you proof of ins. While you may not have access to a printer, the car will be insured and you will be covered if something happens. As for registration, the dealer will give you temporary plates to use. Depending on the tax laws, the dealer may or may not collect tax. Most likely, they won't and you'll have to pay the tax when you go to register it.
4
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool - carinsurance.deep-ice.com
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