Do I have to buy a car with spot delivery?

Do I have to buy my new car with spot delivery? My dealer says I can take my car home before my loan is approved, but I don’t want to have a bad experience.

Answer
“You don’t have to participate in a spot delivery if you don’t want to. In fact, it’s much better to wait until the loan is approved!
Spot deliveries can often turn out to be a negative experience for car buyers, so it’s good to be cautious. Some states even make spot deliveries illegal because it puts customers in bad situations.
It’s best practice to simply wait a day or however long, to take your car home after your loan application is approved. If your loan gets denied, you can always find a more affordable vehicle, save and put more money down, or find another dealership.
Once you get a good price for your new car, keep in mind that lenders will require full coverage. The higher the coverage, the higher your car insurance rates, but that doesn’t mean you have the empty your pockets for the proper coverage. Try using the Jerry app to help you save money. Jerry compares rates from 50 of the top providers and delivers the best deals to your phone in minutes for free.”
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Rachel Juillerat
Answered on Sep 10, 2021
Rachel Juillerat has her Master's in Publishing & Writing from Emerson College. You can view her work in the Independent, Cupid's Pulse, and the Penmen Review. She has worked in personal finance for five years before transitioning to insurance. She lives in Boston, where she spends her time exploring small New England towns, learning new skills, and napping through her cat's zoomies.
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