My question involves a consumer law issue in the State of: Ohio
I'm looking for a checklist of documents that I would be required to sign when purchasing a vehicle. My gf purchased our first vehicle last year and we felt absolutely horrible afterward due to dealing with the finance manager. There were several documents to sign that I was not aware would be required and she just went through with them while I observed. When they finally had the car ready for her to drive the finance manager still came out twice and had her sign things while she was sitting in the car. It was just very odd because I would think everything would be completed in the office. I believe she read through everything but it was still a very excruciating experience and just rubbed me the wrong way.
She recently lost her car after being rear-ended. After another excruciating experience with the insurance company we're now looking for another vehicle and I'd like to know what I will be expected to sign. I will be financing the car because now her credit has been damaged by the three inquiries the dealership put on her history. Even though the car was totaled and the insurance has paid off everything there is no consideration to credit-rating and financing a new car while the old one is still on your credit. Payments were made on time, but credit karma is saying the reason for her lower-than-expected score is due to the hard inquiries, so she can't finance a new car at a reasonable rate.
I realize it will vary based on the type of purchase but here's what was signed last time. There are also some anomalies - if you feel like commenting on them I'd appreciate that as well but this is not something where I'm disgruntled with the dealer - just trying to see if this is standard:
1. Mechanical Failure Service Contract: we got the extended warranty. I would not be getting this on our next purchase.
2. Total Loss Protection Addendum: GAP insurance
3. Credit application - signed at 2:51 PM
4. Odometer Disclosure Statement: this is for our trade-in at the time. We will not be trading in a vehicle so I do not expect this to be a required.
5. Odometer Disclosure Statement: this is for the new car. I expect this to be included.
6. Statement of credit score
7. Another credit application: signed at 3:36 PM. We're not sure why there are two of the same document but they have different signatures from my gf. We believe this is one of the papers she was handed to sign while sitting in the car.
8. Conditional (Spot) Delivery Agreement: this document states summarily that the purchase contract can be nullified by either party within 5 days.
9. Ohio Disclosure Information: statement that if the vehicle (VIN provided) is defective we may be entitled to replacement or compensation under Ohio state law.
10. We Owe - Delivery Confirmation: statement that the vehicle was inspected by the purchaser and is satisfactory.
11. BMV Registration Information and Authorization to Register: appears to be a BMV document for registering the vehicle.
12. Application for Certificate of Title to a Motor Vehicle: appears to be another registration document and a statement of purchase price, trade-in value, and taxes.
13. Retail Purchase Agreement: a list of all charges. Original price, GAP, extended warranty, "document fee", trade-in deduction, sales tax, title fee, license fee, and rebate.
14. Retail Installement Seal Contract: statement of APR, amount financed, total cost, # of payments.
15. Other Important Agreements: terms and conditions of finance payments.
16. Arbitration Provision: statement that any disagreement between purchaser and the dealer will be resolved by arbitration and not in court.
Again - I realize it may vary but given the other items I purchased (GAP, service contract) does that look proper? Is there any site that states what the dealer must present by state? So for example, if the finance manager hands me something and says "the state requires this of us" is there something you know of that I can visit to confirm?
Thank you for reading through the whole post and I appreciate your feedback.