Reviewed by Shannon Martin, Licensed Insurance Agent.
A purchase order from a car dealership is similar to a bill of sale. It is a legally binding document to agree to purchase the car once signed by the buyer and dealership.
On a dealership purchase order, you’ll find:
Selling price
All fees
Rebates
Any down payment made
Your bank wants this document to verify the amount of the loan you need, as well as to know if you’re actually going to possess the car through a legally binding contract.
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