How do I write a bid letter for a car?

I’ve done all my research, visited different dealerships, and gone over my notes. I think I’ve found my dream car, but now what? How do I write a bid letter for a car?

Cassandra Hamilton · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
You are so close to buying a
new car
! The process can be overwhelming, but car insurance comparison shopping app
is here to help. Your bid letter should address the price you’re willing to pay for a car and is a great way to initiate the negotiation process.
When writing your bid letter, make sure you include the following:
  • The make and model of the car you’re interested in
  • The options and equipment you want
  • The expiration date of your offer
  • The amount you’re willing to pay for the vehicle
And just like that, you’re bid letter is ready to send! The dealership will respond to your offer letter, and then you’ll be in the negotiation phase of buying your new car.
After the deal is done and you’ve signed the dotted line, you’ll need to protect your investment with the right
car insurance
before driving off the lot. Download comparison shopping super app
to find the best coverage at the absolute best rates—all in less than two minutes!
View full answer 
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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