Complete Guide to Buying a New Vehicle in Springfield, Missouri

March 18th, 2025 by Thompson Sales Company

At Thompson Sales, we understand that buying a new car, truck, or SUV takes time and effort. It’s a big decision, and you want to get the most out of your investment. You also want the perfect vehicle for your situation.

We pride ourselves on being one of the top car dealerships in Springfield, MO. We’re locally owned and operated, and Thompson has been in business for over 105 years in the same family.

We’d love to help you pick out the perfect new car, truck, or SUV for you. Keep reading our complete guide to buying a new vehicle in Springfield, MO, to get a good start on the process. We have many new GMC and Buick vehicles for sale on our lot!

Budgeting for a New Car, Truck, or SUV

Budgeting for a new car, truck, or SUV is a significant financial decision that requires careful planning and consideration. Consider several things to account for your large purchase.

1. Assess Your Finances

Evaluate your overall financial situation. A general rule of thumb is that your monthly car payment should not exceed 10% of your monthly take-home pay. This ensures that you don’t overextend yourself financially.

Include all potential costs in your budget, not just the purchase price. This includes sales tax at the time of purchase, registration fees, insurance, fuel, maintenance, and potential repairs. Websites like Edmunds offer tools to estimate the total cost of ownership for different vehicles over a five-year span, helping you get a realistic picture of what you’ll spend.

2. Calculate the Down Payment

A larger down payment reduces the amount you need to finance, which can lower your monthly payments and the total interest paid over the life of the loan. Experts recommend aiming for at least 20% of the vehicle’s purchase price as a down payment. Having a lower loan amount can help avoid negative equity, meaning your car loan is more than the value of the vehicle. If this happens and your vehicle is totaled, you still might pay on the loan even though you’re not driving that car anymore.

3. Apply for Auto Financing

Your credit score significantly affects the interest rate you’ll receive on a car loan. Before applying for financing, check your credit score and address any issues. A higher credit score can qualify you for better interest rates and terms.

Don’t settle for the first loan offer you receive. Compare rates from different lenders, including banks, credit unions, and online lenders. When you apply for financing at Thompson Sales, we’ll go to bat for you with the lenders we have relationships with to find you the best loan terms for your situation.

Choose a loan term that balances monthly payments and total interest paid. While longer terms can lower your monthly payment, they increase the total interest paid.

4. Include Insurance Costs

Before purchasing a vehicle, obtain insurance quotes for the models you’re considering. Insurance premiums can vary widely based on the make and model of the vehicle, as well as your driving history and location. Third-party auto insurance rating sites can help you find the right auto insurance for your needs. Lenders may require comprehensive auto insurance to make sure the investment is fully covered in case of an accident.

5. Plan for Maintenance and Repairs

Some vehicles are more expensive to maintain than others. Even new vehicles can require unexpected repairs. Setting aside a small emergency fund for repairs can help you avoid financial stress.

Must-Have vs. Nice-to-Have Features

When you look at our new inventory, there is a way to narrow your search based on many criteria. So, it’s a great idea to make a list of your must-have vs. nice-to-have features based on your preferences.

Do you have a family or love going on long trips? Extra legroom or a larger interior with cargo space could be an essential feature of your new vehicle.

Must-Have Features

1. Advanced Safety Features

Our car dealership in Springfield, MO, has new vehicles from GMC and Buick with outstanding safety features like emergency braking, lane departure warnings, and parking assistance. The advanced safety features will vary by trim.

2. Essential Connectivity and Convenience

Most new vehicles allow you to connect your phone to the infotainment system, giving you hands-free calling and customized access to the apps on your phone.

3. Functional Comfort Features

Automatic climate control works like your thermostat at home. You can set the temperature within the vehicle, providing consistent comfort regardless of external weather conditions. It’s particularly useful for long drives and changing climates.

Cruise control maintains a constant speed without the need for continuous pedal pressure, reducing driver fatigue on long trips. Adaptive cruise control, which adjusts speed based on traffic conditions, is an even more advanced variant.

Nice-to-Have Features

1. Luxury and Comfort Enhancements

Leather seats add a touch of luxury and are easier to clean than fabric seats. However, they can be more expensive and might not be necessary for all buyers. Leather could also get very warm during the hot summer months.

Heated seats are great for wintertime and cold climates, while ventilated seats offer comfort in hot weather. These features enhance comfort on every commute and weekend getaway!

2. High-End Technology

A premium sound system provides superior audio quality, which is a nice-to-have for audiophiles but not essential for everyday driving. Start making your playlist of favorite beats if you love premium sound systems!

Built-in navigation systems are convenient, but with the prevalence of smartphone navigation apps like Google Maps and Waze, they are not a must-have. However, they can be a valuable addition for those who prefer integrated systems.

3. Aesthetic and Convenience Extras

A sunroof or moonroof can enhance the driving experience by providing additional natural light and ventilation. You’ll see these on many higher-end trims at our car dealership in Springfield, MO.

Remote start allows you to start your vehicle from a distance, which can be particularly convenient in extreme weather conditions and if you have a lot of passengers to corral into the car. Hot, cold, and rainy days don’t stand a chance!

Premium vs. Luxury Features on New Vehicles

When discussing new vehicles, it’s essential to differentiate between luxury and premium features at our car dealership in Springfield, MO. These terms are often used interchangeably but have distinct meanings.

Luxury Features

Luxury features are high-end amenities that enhance comfort, convenience, and status. These features often include advanced materials and technology.

Leather Upholstery: High-quality leather seating surfaces that offer a more refined and comfortable experience.
Advanced Infotainment Systems: Touchscreen interfaces, premium audio systems like Bose or Bang & Olufsen, and integrated navigation systems.
Hands-Free Driving: GM’s SuperCruise technology uses real-time precise positioning cameras, sensors, GPS, and LiDAR map data to detect curves, which can help make long drives and commutes comfortable and convenient.
High-End Trim: Wood or carbon-fiber interior accents, ambient lighting, and unique styling elements.

Premium Features

Premium features are enhancements that add value and improve the overall driving experience but are not as exclusive or high-end as luxury features.:

Upgraded Fabric Seats: Higher quality fabric materials compared to standard options.
Improved Infotainment: Enhanced audio systems and larger screens but not as advanced as luxury options.
Comfort Enhancements: Features like heated seats, dual-zone climate control, and keyless entry.

While luxury features aim to provide an opulent and prestigious experience, premium features focus on offering better-than-average comfort and functionality without the exclusivity and higher cost associated with luxury options. Most of the GMC and Buick vehicles on our lot have premium features in higher trims. The highest trims (like a Buick Avenir or GMC Denali) have some luxury features.

Understanding the Specs of a New Vehicle for Sale in Springfield, MO

Specs are an important aspect of purchasing a new vehicle. They can give you an idea of the size, space, and engine performance of a car, truck, or SUV ahead of a test drive. You can also use specs to narrow your search.

Cargo Space

Cargo space refers to the volume available for storing luggage and other items in a vehicle. It is typically measured in cubic feet. This measurement includes the trunk in sedans and the area behind the rear seats in hatchbacks, SUVs, and wagons.

In larger vehicles like the new SUVs on our lot, cargo space can often be expanded by folding down the rear seats. For example, a 2024 GMC Yukon has 25.9 cubic feet behind the third row of seats, 72.6 cubic feet behind the second row, and 122.9 cubic feet behind the first row. A good gauge of your cargo space is that a trunk at 15 cubic feet can typically hold five pieces of luggage (one per passenger).

Passenger Volume

Passenger volume refers to the total interior space available for occupants, measured in cubic feet. This includes the combined space of all seating areas. It provides an indication of how roomy a vehicle’s cabin is. A 2024 GMC Acadia has a total passenger volume of 143.8 cubic feet. The passenger volume is always larger than the cargo space.

Passenger volume can be a critical factor for those seeking comfort, especially in long-distance travel or family vehicles. In general, the more passenger volume, the more legroom and headroom you could have.

Engine Specs

Engine specs describe the engine’s power, performance, and efficiency. Key components include

Horsepower (hp): This measures the engine’s power output. Higher horsepower typically means better performance and acceleration.
Torque: Measured in pound-feet (lb-ft), torque represents the engine’s rotational force. Higher torque improves acceleration and towing capacity.
Displacement: Engine displacement is the total volume of all the cylinders in the engine, measured in liters. It often correlates with the engine’s power output. A larger displacement usually means a more powerful engine, such as a 3.5L V6 engine, compared to a 2.0L four-cylinder turbo engine. You might find that smaller turbo engines on new vehicles offer similar or better performance than larger, non-turbo engines.

Towing Capacity

Towing capacity indicates the maximum weight a vehicle can tow, including trailers, boats, and other heavy loads. It is crucial for those who need to haul large items. The towing capacity depends on the vehicle’s engine, transmission, and overall build. For example, the 2024 GMC Sierra 1500 has a maximum towing capacity between 9,500 and 13,300 pounds, depending on the engine and configuration you choose.

Miles Per Gallon (MPG)

Miles per gallon (MPG) measures a vehicle’s fuel efficiency, indicating how many miles it can travel on one gallon of fuel.

City MPG: Fuel efficiency during city driving, which involves frequent stopping and starting.
Highway MPG: Fuel efficiency during highway driving, which usually involves steady speeds.
Combined MPG: The average of both figures together. This figure can change based on how much city versus highway driving you do on a regular basis.

Understanding MPG is vital for estimating fuel costs and environmental impact. Vehicles with higher MPG ratings are more economical and environmentally friendly.

Popular Colors of New Cars for Sale in Springfield, MO

Manufacturers continue to come up with vibrant color options for your new vehicle. Stand out from the crowd with a green, red, or bright blue. Blend in with traffic when you purchase a vehicle in white, gray, or navy.

Here are some of the most popular car colors we see at our car dealership in Springfield, MO.

White has been a dominant choice among car buyers for several years. It is often associated with a clean, modern look and can make a vehicle appear larger. According to PPG’s annual automotive color popularity report, white has consistently been the most popular car color worldwide, accounting for about 35% of new car purchases.

Black is another top choice, exuding sophistication and elegance. It is often preferred for luxury vehicles due to its association with prestige and formality. Black cars also tend to have higher resale values, which can be a significant factor for buyers.

Gray and silver are also highly popular and are known for their sleek and timeless appeal. These neutral colors are often seen as practical choices that hide dirt and minor scratches well. They are particularly favored for their understated yet stylish look.

Blue is gaining popularity, especially in the mid-size and compact car segments. It offers a blend of reliability and a sense of individuality without being too bold. Lighter shades of blue suggest calmness, while darker shades convey a sense of luxury. Blue makes up about 10% of new car colors.

Red is a dynamic and bold choice, often associated with sports cars and performance vehicles. It stands out and is often chosen by those looking to make a statement. Red cars are seen as exciting and vibrant.

Advanced Safety Features Found on New Vehicles

Looking for advanced safety features on new vehicles? They have come a long way since the push for better safety features started in 2017. More and more advanced safety features are becoming increasingly standard on lower trims of new vehicles, while higher trims have better systems that include sensors and LiDAR.

Some of the top safety features on new vehicles include:

Automated emergency braking is where the system detects a potential collision and hits the brakes to avoid an accident if the driver fails to respond in time.
Adaptive cruise control gauges the distance between your vehicle and the one in front of you and adjusts the speed on the highway accordingly.
Lane-keep assist and lane-departure warning systems help you stay in your lane when you don’t have a turn signal engaged.
Blind-spot monitoring warns you if a vehicle is in your blind spot and you’re about to change lanes.
A rear cross-traffic alert can tell you when a car is coming as you’re about to back out of a parking spot.
Pedestrian detection can help you avoid hitting someone you don’t or can’t see.
Traffic sign recognition puts the sign on a display in front of the driver to remind them of traffic regulations.
Surround-view camera systems give you a 360-degree view of your immediate surroundings and display an image on the infotainment screen.
Adaptive headlights turn ahead of your vehicle before you actually make the turn to see the road ahead.
Auto-high beams turn your high beams off and on to avoid blinding oncoming traffic or traffic that has passed you at night.

Virtual Tours of New Vehicles

Some of the new vehicles for sale on our lot have 360-degree virtual tours. You can view the cabin, front seats, back seats, and cargo area. You can see the vehicle as if you’re here on our lot.

Many virtual tours incorporate interactive features such as clickable hotspots that provide additional information about specific features. For example, clicking on the dashboard might reveal details about the infotainment system, while clicking on the seats could provide information about upholstery options and seat adjustments.

Auto Financing Tools & Your New Vehicle Purchase

Before you apply for financing through our finance center, we have some tools for you to tap into. You’ll have a better understanding of what your monthly payment will be after using these tools.

Our payment calculator lets you see how much your monthly budget could be for an auto loan payment. Your final results will vary, but you can see how the interest rate, down payment, trade-in, and loan terms can change your monthly payment.

Do you have a vehicle to trade in? Our value of your trade tool lets you estimate how much you might get for your vehicle. The actual offer you get may vary. The value of your trade typically goes toward the down payment on the auto loan.

Once you settle on the right auto loan terms, you’ll need to bring some financial information with you to our lot to sign the papers. For a trade-in, you’ll need to bring the title for your current vehicle. Make sure to have these for the auto loan:

Current and valid ID
Social Security card
Bank statements
Pay stubs
Income tax return or W-2 form
Piece of mail with your current address or lease with your address on it
Proof of insurance for the vehicle

The overall goal is to prove to the auto lender that you are a good risk to take when lending you the money. Once the bank examines your current financial situation, you can sign on the dotted line. Pre-approval for a loan can expedite this process.

Pre-Approval for an Auto Loan

Pre-approval for an auto loan is a preliminary evaluation by a lender indicating that you qualify for a specific loan amount based on your financial information. This process involves a review of your credit score, credit history, and other financial factors. Once you get pre-approval for an auto loan, you can start to negotiate with lenders before you are officially approved for a loan after submitting your financial information. The finance team at Thompson can help match you with one of our lenders after you apply for financing.

Credit Scores

Your credit score is a numerical representation of your creditworthiness, typically ranging from 300 to 850. Lenders use this score to assess the risk of lending you money. A higher credit score generally qualifies you for better loan terms and lower interest rates. According to Experian, a score above 700 is considered good, while scores above 750 are excellent. When you apply for pre-approval, the lender performs a soft inquiry on your credit report, which does not affect your credit score.

Credit History

Your credit history encompasses your record of borrowing and repaying debts, including credit cards, mortgages, and other loans. Lenders examine your credit history to evaluate your reliability as a borrower. A history of on-time payments, low credit card balances, and a mix of different types of credit accounts can positively impact your pre-approval. Negative marks, such as late payments, bankruptcies, or high levels of debt, can hinder your chances of pre-approval or result in less favorable loan terms. According to NerdWallet, auto lenders typically look for a stable and positive credit history of at least one to two years.

Interest Rates

The interest rate is the cost of borrowing money, expressed as a percentage of the loan amount. Your credit score and credit history significantly influence the interest rate offered during pre-approval. Higher credit scores generally lead to lower interest rates because they indicate lower risk to the lender. Conversely, lower credit scores can result in higher interest rates, increasing the overall cost of the loan. According to Bankrate, even a small difference in interest rates can significantly impact the total cost of an auto loan over its term.

Benefits of Pre-Approval for an Auto Loan

Budgeting: Pre-approval gives you a clear understanding of how much you can borrow and what your monthly payments will be. This information helps you shop for a vehicle within your budget.

Negotiating Power: Having a pre-approval can strengthen your negotiating position with dealerships. It shows that you are a serious buyer with financing already lined up.

Streamlined Process: Pre-approval can speed up the loan application process when you finalize your purchase. Since much of the verification work is already done, you can focus on choosing your vehicle and completing the necessary paperwork.

New Vehicle Pricing: MSRP, Invoice & Sticker Price

When shopping for a new vehicle at Thompson Sales or any other car dealership in Springfield, you’ll encounter several different pricing terms. There is the MSRP, invoice price, and sticker price. Understanding the differences between these terms can help you make an informed purchasing decision.

MSRP (Manufacturer’s Suggested Retail Price)

MSRP, or the manufacturer’s suggested retail price, is the price that the car manufacturer recommends the dealership sell the vehicle for. This price is set to standardize pricing across different dealerships and provide a starting point for negotiations. The MSRP includes the base price of the vehicle plus any options, packages, and destination charges. It is not necessarily the final sale price at our car dealership in Springfield, MO. In fact, most of the time, we sell new vehicles below the MSRP.

Invoice Price

The invoice price is the amount that the dealership pays the manufacturer for the vehicle. This price is generally lower than the MSRP because it can include manufacturer incentives and holdbacks (a percentage of the invoice price returned to the dealer). The invoice price gives dealers some room to profit even if they sell the vehicle below the MSRP. Car dealerships in Springfield, MO, and all over the country are not required to disclose the invoice price of a vehicle (but they must disclose the MSRP).

Sticker Price

The sticker price refers to the total price displayed on the vehicle’s Monroney sticker, which is affixed to the window of all new cars sold in the United States. The sticker price includes the MSRP plus any additional options, packages, and fees, such as destination charges and market adjustments. The sticker price must legally show all costs involved in the purchase of the vehicle, providing transparency to the buyer.

Key Differences

MSRP vs. Invoice Price: The MSRP is the recommended selling price, usually higher than the invoice price, which is the dealer’s cost. The difference between these two prices represents the potential profit margin for the dealership.
Sticker Price vs. MSRP: The sticker price includes the MSRP but may also include additional dealer-installed options, fees, and market adjustments, potentially making it higher than the MSRP.

Factory Orders for a New Vehicle in Springfield, MO

If you don’t see a new vehicle on our lot that fits your requirements, a factory order can help you get the exact vehicle you want based on the manufacturer’s current list of trims, options, and engines. This process offers several advantages and considerations. If you can wait a couple of months for your new vehicle, our car dealership in Springfield, MO, can help you get a new Buick or GMC that meets your exact requirements.

Advantages of Factory Orders

One of the main benefits of a factory order is the ability to customize the vehicle extensively. Buyers can choose specific colors, interior materials, trim levels, and additional features that may not be available at our car dealership in Springfield, MO.

Ordering directly from the factory often means getting the latest model with the newest features and technology. This can be particularly advantageous if you love the latest in automotive technology.

Factory orders can sometimes lead to savings. Car dealerships in Springfield, MO, and elsewhere may offer incentives or discounts on factory orders because they don’t have to maintain inventory for these vehicles. Additionally, buyers can avoid paying for unnecessary features included in pre-configured models on the lot.

Considerations of Factory Orders

One of the main drawbacks of a factory order is the waiting period. Your typical wait time for a factory order from GMC is around 10 to 15 weeks (three to four months).

Negotiating the price of a factory-ordered vehicle can be different from buying off the lot. While there might be some room for negotiation, the dealer’s flexibility may be limited. However, you can still negotiate based on invoice prices and any available incentives.

How to Place a Factory Order

Determine the exact make, model, and features you want. Use manufacturer websites and our factor order page.
Contact us to finalize the order and to apply for financing if you’re using an auto loan for the order.
Once you’ve agreed on the terms, our car dealership in Springfield, MO, will place the order with the manufacturer. Ensure all specifications are correct before finalizing.
Stay in contact with the Thompson team to get updates on the production and delivery status of your vehicle.

Optional Equipment & Accessories on Your New Vehicle

When you look over what a vehicle comes with, you’ll see the standard features and then optional equipment and accessories. Adding optional equipment can increase the overall price of a new vehicle beyond the base price.

Here are some of the most popular options we see on new vehicles.

1. Advanced Driver-Assistance Systems (ADAS)

Adaptive cruise control, which adjusts the vehicle’s speed to maintain a safe distance from the car ahead, remains a highly sought-after feature. It enhances driving comfort, particularly on long highway journeys.

Lane keeping assist helps prevent unintentional lane departures by gently steering the car back into its lane. This feature, along with lane departure warning systems, is becoming increasingly popular for its safety benefits.

2. Infotainment and Connectivity

Integration of Apple CarPlay and Android Auto is now a must-have for many buyers. These systems allow seamless connectivity with smartphones, enabling access to navigation, music, and other apps directly from the car’s infotainment screen.

Upgraded audio systems from brands like Bose, Bang & Olufsen, and Harman Kardon are popular options for those seeking an enhanced in-car audio experience.

3. Comfort and Convenience

Heated seats are essential in colder climates, while ventilated seats provide additional comfort in warmer conditions. These features are often bundled in premium packages.

Panoramic sunroofs, which offer a larger glass area than traditional sunroofs, are increasingly popular for the sense of openness and extra natural light they bring into the cabin.

4. Utility and Versatility

Tow packages are highly desirable for SUVs and trucks. These include enhanced cooling systems, hitch receivers, and wiring harnesses that make towing safer and more efficient.

Roof racks provide additional storage space, which is particularly useful for outdoor enthusiasts who need to transport bikes, kayaks, or luggage. Your growing or active family will love the extra cargo-hauling capabilities.

Trims & Configurations at Car Dealerships in Springfield, MO

When shopping for a new vehicle, you’ll encounter various trims and configurations that allow you to customize the car to your preferences and needs.

Trims

Trims refer to different versions of a vehicle model, each with its own set of features, options, and sometimes performance capabilities. Trims typically range from the base model, which includes essential features, to higher-end versions that offer advanced technology, luxury, and performance enhancements. For example, the Buick Enclave has the Essence, Premium, and Avenir trims for the 2024 model year.

Configurations

Configurations pertain to the choices available within each trim level, allowing you to customize your vehicle even more. This includes options such as engine types, drivetrain options (front-wheel drive, all-wheel drive), and other specific packages that can be added to enhance the vehicle. Think of it this way: A trim can be configured in a few different ways.

For example, the 2024 GMC Sierra 1500 SLE trim has the option of the standard 2.7L TurboMax gasoline engine, an available 5.3L V8 gasoline engine, or the 3.0L Duramax turbo-diesel engine. Each one delivers various specs depending on what you need.

Test-Drive Multiple New Vehicles on the Same Day

Do you have your choices narrowed to half a dozen new vehicles? You can schedule a test drive for multiple vehicles at our car dealership in Springfield, MO, on the same day.

We recommend test-driving multiple vehicles in a row so you can compare them in relatively short order. You can take notes on how the vehicles perform, your pluses and minuses, and which vehicles you can cross off your list at the end of the day.

Set aside an entire afternoon for test drives. Purchasing a new vehicle is an important decision, and you need to find the vehicle that’s right for you.

Cost of Ownership

The costs of ownership refer to the money you’ll need to spend on your new vehicle in Springfield, MO, aside from the monthly payment for an auto loan.

Insurance

Insurance premiums can vary significantly based on the car’s make, model, and the owner’s driving history. Comprehensive coverage for new vehicles is usually more expensive than for used cars. You can find the best rates from multiple insurance providers and compare them to get the one that fits your needs.

Maintenance and Repairs

Routine maintenance, such as oil changes, tire rotations, and brake pad replacements, is crucial for your vehicle’s longevity. New cars, trucks, and SUVs come with a warranty that covers major repairs, but not all of them. Once the warranty is up, drivers will be responsible for more of the repair costs.

Fuel Costs

Fuel efficiency varies by vehicle type and impacts the overall cost of ownership. Hybrid and electric vehicles generally have lower fuel costs compared to traditional gasoline cars. Many Buick and GMC vehicles on our lot are highly efficient and can save you on overall gasoline costs.

Leasing vs. Financing a New Vehicle

When deciding between leasing or financing a new vehicle, it’s essential to understand the key differences and benefits of each option.

Leasing a New Vehicle

Leasing a vehicle means you are essentially renting it for a set period, typically two years. Monthly payments are generally lower than financing payments because you’re paying for the vehicle’s depreciation during the lease term, not its entire value. At the end of the lease, you can either return the vehicle, lease a new one, or, in some cases, buy the leased vehicle.

Pros of Leasing a New Vehicle:

Lower monthly payments and less money upfront.
Ability to drive a new car every few years with the latest features and technology.
Warranty coverage typically lasts the duration of the lease, reducing repair costs.

Cons of Leasing a New Vehicle:

Mileage limits and wear-and-tear charges if you exceed the agreed terms.
No ownership equity; you don’t own the car at the end of the lease.
Potential penalties for early termination of the lease.

Financing a New Vehicle

Financing a vehicle involves taking out a loan to purchase the car. You make monthly payments that cover the principal amount and interest over a fixed term, typically three to six years, depending on your loan terms. Once the loan is paid off, you own the vehicle outright.

Pros of Financing a New Vehicle:

You own the car after the loan is paid off.
No mileage limits or wear-and-tear charges.
Freedom to customize or modify the vehicle as you wish.

Cons of Financing a New Vehicle:

Higher monthly payments compared to leasing.
Potential for higher maintenance and repair costs as the vehicle ages.
Depreciation affects the car’s resale value, which can be a financial disadvantage.

Down Payment on a New Vehicle in Springfield, MO

When purchasing a new car, a down payment is a significant initial payment made upfront, typically a percentage of the vehicle’s total cost. We recommend putting down at least 20% of the car’s purchase price to lower your overall auto loan amount.

There are several advantages to a down payment.

Lower Monthly Payments: A substantial down payment reduces the loan amount, leading to lower monthly payments. This can make the vehicle more affordable over the loan term.
Reduced Interest Costs: By financing a smaller amount, you pay less in interest over the life of the loan. This is particularly beneficial for those with longer loan terms, as interest costs can add up significantly.
Improved Loan Approval Odds: A larger down payment can improve your chances of loan approval. It shows lenders that you are financially responsible and capable of managing the loan, which can be crucial for buyers with less-than-perfect credit.
Lower Risk of Negative Equity: Cars depreciate quickly, especially in the first few years. A significant down payment reduces the risk of owing more on the loan than the car’s worth, a situation known as being “upside down” on the loan.
Better Loan Terms: Lenders may offer better terms, such as lower interest rates, to borrowers who make larger down payments. This can further reduce the overall cost of purchasing the vehicle.

Safety Ratings on New Vehicles

Safety ratings for new vehicles are crucial indicators of how well a vehicle protects its occupants in the event of a crash. Two of the most respected sources for these ratings are the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS).

NHTSA Ratings

The NHTSA conducts rigorous testing through its New Car Assessment Program (NCAP). Vehicles are rated on a 5-star scale based on their performance in frontal, side, and rollover crashes. A 5-star rating indicates the highest level of safety. NHTSA also provides an Overall Vehicle Score, which combines the individual ratings. For example, a vehicle with a high overall score demonstrates excellent performance across all tested crash scenarios. NHTSA ratings are displayed on the window sticker of new vehicles.

IIHS Ratings

The IIHS performs comprehensive evaluations that include moderate overlap front, small overlap front, side, roof strength, head restraints, and seat tests. IIHS awards ratings from “Poor” to “Good” for these tests and designates the best-performing vehicles as “Top Safety Pick” or “Top Safety Pick+.” The “Top Safety Pick+” designation requires good ratings in all crashworthiness tests plus advanced or superior ratings for front crash prevention and acceptable or good headlights (IIHS).

Importance

Both organizations’ ratings are highly influential. They provide critical information to consumers, helping them choose vehicles that offer superior protection in crashes. Automakers often strive for high ratings from NHTSA and IIHS to enhance the marketability of their vehicles.

You can search for your chosen new vehicles on each of these websites. You can also see the individual safety features of the vehicles on our lot.

What’s on the New Car Window Sticker?

The new car window sticker, formally known as the Monroney sticker, is a detailed label required by law to be displayed on all new cars sold in the United States. You’ll see these stickers on every new vehicle at car dealerships in Springfield, MO. Named after Senator Almer Stillwell “Mike” Monroney, who sponsored the legislation in 1958, this sticker provides essential information about the vehicle, helping consumers make informed purchasing decisions.

Key Elements of the Monroney Sticker

Vehicle Identification

Make, Model, and Year: Basic details about the car.
Vehicle Identification Number (VIN): A unique 17-character code used to identify the vehicle.
Assembly Location: Where the vehicle was manufactured.

Standard and Optional Equipment

Standard Equipment: Lists features and options that come with the base model.
Optional Equipment: Includes additional features or packages that are not part of the standard model, along with their costs.

Pricing

Manufacturer’s Suggested Retail Price (MSRP): The base price of the vehicle.
Price of Optional Equipment: Additional costs for optional features.
Destination Charge: The cost of transporting the vehicle from the factory to the dealership.
Total Suggested Retail Price: The sum of the MSRP, optional equipment, and destination charge.

Fuel Economy and Environmental Information

Miles Per Gallon (MPG): Estimates for city, highway, and combined fuel economy.
Annual Fuel Cost: Estimated yearly fuel expense.
CO2 Emissions: Information on the vehicle’s carbon footprint.
Fuel Economy and Environment Label: Provides an overall fuel economy rating and compares the vehicle’s fuel efficiency to others in its class (EPA, 2024).

Safety Ratings

NHTSA Safety Ratings: Provides crash test ratings from the National Highway Traffic Safety Administration, displayed in a 5-star format.

Additional Information

Parts Content Information: Percentage of parts sourced from the U.S. and Canada.
Warranty Information: Basic warranty coverage details.
QR Code: A QR code that links to additional vehicle information and comparisons on the EPA’s website.

If you have any questions about what’s on the sticker of a vehicle, let us know, and we’ll be happy to help.

Read Buying Guides From Automotive Experts

Sometimes, it takes an objective third party to give you the best information on the vehicles you’re interested in buying. Third-party buying guides are invaluable resources that provide comprehensive reviews, ratings, and comparisons. Here are some of the top third-party buying guides to consider

Edmunds

Edmunds is renowned for its detailed car reviews and ratings, offering insights into performance, comfort, fuel economy, and value. Their “Best Car” lists and annual awards, such as the “Edmunds Top Rated” awards, highlight the best vehicles in various categories. Edmunds also provides a useful “True Market Value” tool to help buyers understand what others are paying for the same car, aiding in price negotiations.

Kelley Blue Book (KBB)

Kelley Blue Book (KBB) is a trusted name in the automotive industry, known for its accurate vehicle pricing and valuation information. KBB’s expert reviews cover all aspects of a vehicle, including pros and cons, driving impressions, and comparisons with competitors. Their “Best Buy Awards” and “5-Year Cost to Own” awards help identify vehicles that offer the best value over time.

Consumer Reports

Consumer Reports is a nonprofit organization that provides unbiased reviews and ratings based on rigorous testing and member surveys. They cover reliability, owner satisfaction, safety, and performance. Their “Top Picks” and “Best & Worst Cars” lists are highly regarded for their thoroughness and objectivity. Consumer Reports also offers a “Car Buying Service” to help members get the best deals.

U.S. News & World Report

U.S. News & World Report ranks vehicles in various categories based on an aggregate of expert reviews, reliability data, and safety scores. Their “Best Cars” rankings and “Best Vehicle Brands” provide a clear overview of top contenders in each segment. U.S. News also offers a comparison tool that allows buyers to compare different models side by side.

Car & Driver

Car & Driver is known for its detailed and engaging car reviews. Their “Editor’s Choice” and “10Best” lists highlight top-performing vehicles in various categories. Car and Driver’s in-depth reviews cover everything from driving experience to interior quality, providing a comprehensive look at each vehicle.

JD Power

JD Power is highly respected for its reviews and for compiling information about consumer ratings from the public. The automotive publication is known for its annual awards to the top vehicles in each major category.

New Vehicle Warranties

New vehicle warranties provide significant value by offering peace of mind, reducing unexpected repair costs, and ensuring that vehicles are maintained to manufacturer standards. Buick and GMC offer robust new vehicle warranties.

Benefits of New Vehicle Warranties

Peace of Mind: Knowing that major components are covered can alleviate concerns about potential repair costs. This allows owners to enjoy their new vehicle without worrying about unforeseen expenses.

Cost Savings: Warranties cover the cost of parts and labor for repairs related to manufacturing defects, saving owners potentially thousands of dollars.

Resale Value: Vehicles with transferable warranties often have higher resale values, as buyers are reassured by the remaining coverage.

Regular Maintenance: Some warranties include scheduled maintenance, encouraging regular service that can extend the vehicle’s life and performance.

GMC and Buick Warranties

Both GMC and Buick offer robust warranties for their new vehicles, reflecting their commitment to quality and customer satisfaction. Talk to us about the GMC Protection Plan or Buick Protection Plan, which can cover repairs for up to 8 years or 100,000 miles.

Bumper-to-Bumper Limited Warranty: Covers the vehicle for 3 years or 36,000 miles, whichever comes first. This includes repairs for defects in materials or workmanship (GMC).
Powertrain Limited Warranty: Extends to 5 years or 60,000 miles, covering major components such as the engine, transmission, and drive systems.
Corrosion Protection: Includes rust-through protection for 6 years or 100,000 miles.
Roadside Assistance: Provides 24/7 roadside assistance and courtesy transportation for 5 years or 60,000 miles.

New Vehicle Insurance

There are many types of auto insurance plans and coverage out there. Every state requires a certain minimum of auto insurance. For Missouri, you will need:

$25,000 per person for bodily injury
$50,000 per accident for bodily injury
$25,000 per accident for property

However, an auto lender will likely require comprehensive coverage or full coverage to make sure their investment is secure in case of an accident. So, be prepared to pay insurance premiums for a comprehensive policy.

Understanding Auto Insurance Coverage Types

Liability Insurance: This is the minimum required coverage in most states. It includes:

Bodily Injury Liability: Covers medical expenses for injuries caused to others.
Property Damage Liability: Covers repairs for damage caused to another person’s property.

Collision Coverage: This covers the cost of repairs to your vehicle after an accident, regardless of who is at fault.
Comprehensive Coverage: This protects against non-collision-related incidents, such as theft, vandalism, natural disasters, and animal collisions.
Personal Injury Protection (PIP): Covers medical expenses for you and your passengers, regardless of fault. It can also cover lost wages and other related costs.
Uninsured/Underinsured Motorist Coverage: Provides protection if you’re involved in an accident with a driver who has insufficient or no insurance.
Gap Insurance: Provides extra coverage between the gap of the insured value of the vehicle and the remaining balance on an auto loan.

Steps to Buying Auto Insurance

Assess Your Needs: Evaluate your driving habits, the value of your new car, and your budget. Consider higher coverage limits for better protection.
Gather Quotes: Use comparison tools from third-party sites to get multiple quotes. Different insurers offer varying rates and discounts, so shopping around can save you money.
Check Discounts: Look for discounts to lower your auto insurance costs.

Safe Driver Discounts: For those with a clean driving record.
Bundling Discounts: If you combine auto insurance with other policies, like home insurance.
New Car Discounts: Offered for a brand-new vehicle.

Review Coverage Options: Ensure you understand what each policy covers and any exclusions. It’s crucial to have sufficient liability coverage to protect your assets. Consumer Reports highly recommends coverage beyond the state minimum requirements for better protection.
Finalize Your Policy: Once you’ve chosen the best policy, provide the necessary information to your insurer. This typically includes your driver’s license number, vehicle identification number (VIN), and details about your vehicle.
Understand Your Policy: Review your policy documents carefully. Know your deductible amounts, coverage limits, and what steps to take in the event of a claim.
Pay Your Auto Insurance Policy: In general, you can make monthly payments on your auto insurance policy. Many insurers offer discounts for paying the policy in full or more than one month at a time.

Paperwork to Fill Out to Finalize Your New Vehicle Purchase

Finalizing the purchase of a new vehicle at Thompson Sales involves several important documents. We’ll go over these documents with you as you get ready to take your new truck or SUV home with you!

1. Purchase Agreement

A purchase agreement outlines the terms of the sale, including the agreed-upon price of the vehicle, any trade-in allowances, additional fees, and the total amount due. It ensures that both the buyer and the dealership agree to the sale terms. Review this document carefully to confirm all details are accurate and as discussed.

2. Title Application

If you live in Missouri, Form DOR-108 is used to apply for a new title and registration in Missouri. It includes details about the vehicle, the buyer, and the lienholder, if applicable. This document is submitted to the Missouri Department of Revenue (DOR) to officially register the vehicle in your name. Make sure to pay the applicable fees.

Other states, like Kansas, Oklahoma, and Arkansas, may have other requirements for the purchase of a vehicle.

3. Bill of Sale

While not always required, a bill of sale can be a useful document that records the transaction details, including the buyer and seller information, vehicle description, sale price, and date of sale. This document can serve as proof of purchase.

4. Odometer Disclosure Statement

Federal law requires this document to disclose the vehicle’s mileage at the time of sale. This helps prevent odometer fraud and ensures accurate mileage reporting. We’ll sign the document, and so will you, to verify the odometer reading at the time of purchase.

5. Financing Documents

If your purchase is financed with an auto loan, you will need to sign a loan agreement detailing the loan amount, interest rate, repayment schedule, and other terms. This document outlines your financial obligation to the lender.

6. Warranty Documentation

If the vehicle includes a manufacturer’s warranty or if you purchase an extended service contract, you’ll receive documentation outlining the coverage terms and conditions. Ensure you understand what is covered and any maintenance requirements to keep the warranty valid.

7. Temporary Operating Permit

This allows you to legally drive your new vehicle while waiting for your permanent license plates. Our team will put the temporary tags on your new vehicle, which will be valid for 30 days in Missouri. You’ll need to purchase insurance before you can get temporary tags.

Titling Your New Vehicle & Driving Home

After you finalize the paperwork at Thompson Sales, it’s time to drive your new vehicle off the lot and register it with the state in which you live. For Missouri, there are a few DMV offices in Springfield.

Submit the following documents to the Missouri Department of Revenue:

Completed Application for Missouri Title and License (Form 108)
Manufacturer’s Certificate of Origin (MCO)
Bill of Sale
Odometer Disclosure Statement
Proof of Insurance
Payment for title, registration, and sales tax

We highly recommend submitting these in person because you can get your permanent license plates there unless you apply for vanity plates.

Once your application is processed and approved, you will receive your Missouri title and license plates. The title will be mailed to you, and the license plates can be picked up at the motor vehicle office or mailed to you, depending on your preference.

Keep Up With Maintenance

Maintaining your GMC or Buick vehicle is essential to its longevity, performance, and reliability. We have some tips for keeping your new vehicle in top shape for as long as you own it.

Regular Maintenance Schedule

Adhering to the maintenance schedule outlined in the owner’s manual is crucial. This schedule includes regular services such as oil changes, tire rotations, brake inspections, and fluid checks. GMC and Buick recommend an oil change every 7,500 miles or six months, whichever comes first.

Oil Changes

Regular oil changes are vital for engine health. Using the recommended oil type and changing it at the suggested intervals can prevent engine wear and improve performance. We highly recommend full synthetic oil, especially for engines with turbocharged parts.

Tire Maintenance

Rotate your tires every 7,500 miles to ensure even wear and extend their lifespan. Regularly checking tire pressure and alignment can also enhance fuel efficiency and safety. If your tires need to be replaced soon, we’ll let you know so you can budget for the new set.

Brake Inspections

Regular brake inspections and maintenance are crucial for safety. Our service team will inspect brake pads and rotors during every maintenance visit. If we see signs of wear, we’ll let you know. Brakes typically last 50,000 miles.

Fluid Checks

Our service team will regularly check vehicle fluids, including coolant, transmission fluid, brake fluid, and power steering fluid. Proper fluid levels help ensure all systems function correctly and prevent costly repairs. If any levels are low, we’ll top them off. At some point, you’ll need new brake fluid, transmission fluid, and coolant for your engine.

Why Choose Thompson Sales When Buying a New Vehicle in Springfield, MO

Thompson Sales has been in business for more than 105 years as a family-owned and family-operated car dealership in Springfield, MO. We’re happy to take care of you and your family’s automotive needs.

Posted in New Vehicles