It's always exciting when it comes to upgrading your ride, and there are a lot of things to consider, from makes and models to available features. But when it's time to finance that new car, there may be some details to also consider.

We've put together a list of of things to expect when buying a car. Learning as much as you can beforehand can help you enjoy your new vehicle without feeling overwhelmed by all the paperwork! Keep reading to find out how to prepare for buying a car.

What to do beforehand.

An important step in helping you prepare for financing a vehicle is to find out the status of your credit score. A higher score can mean qualifying for a lower interest rate.

It can help to research interest rates to aim for. Searching for and being informed on interest rates that various institutions can help when it comes to negotiation. It can also help to get pre-approved to save time during the purchasing process.

In addition, preparing ahead of time can be beneficial in determining what you can afford. Keep your credit score in mind to help you stay within your budget.

What you need to bring with you.

1. Proof of income

Be sure to bring copies of your pay stubs from last month as well as what you've been paid to-date the past year.

2. Credit and banking history

This would include any information about other outstanding loans or financial obligations you may have, as well as how you've fared in the past financially. These could be mortgage or lease agreements, alimony or child support payments, credit card statements or bank statements.

3. Proof of residence

Personalized mail or your mortgage statement are usually enough to provide reasonable proof of residence.

4. Proof of insurance

Your lender will require proof that your insurance company is aware of your newly purchased vehicle and that it's properly insured.

If you aren't financing with the dealership, you will also want to bring proof of your loan.

Know what determines the loan terms.

Typically, an auto loan lasts between three to five years. Whatever lender you choose will run a credit check and ask income-based questions. A good credit score, manageable debt, a good standing with your insurer and a high income will help you qualify for a lower interest rate. Your interest rate will be determined by how secure the lender feels your finances are. You can also plan what your monthly payments will be with a higher interest rate to help make it more manageable. If you don't have a great interest rate or any other situations that are less than desirable.

If you’d like to purchase a vehicle or want to know more about how to finance in DeLand, FL, drop by DeLand Kia at 2322 S. Woodland Blvd, DeLand, FL 32720 for a test-drive. We look forward to serving our customers from Deltona, Daytona and Orlando!