Brad Deery Auto Group

Tax Refund as a Down Payment on a Car Truck SUV - Brad Deery Motors

Tax Refund as a Down Payment on a Car Truck SUV

Preparing your tax return is understandably complicated and stressful, but you may be one of many local residents who complete this task on a positive note. If you have recently learned that you are expected a sizable tax refund soon, your mind may be racing with the possibilities of how you can spend this money. There are many options available, but one of the best ideas may be to finally trade in your current vehicle and use the tax refund as a down payment on a new or pre-owned vehicle. At Brad Deery Motors, we are eager to meet with you soon and to show you how easy it may be to get into the vehicle that you truly want to be driving.

Tax Refund as a Down Payment on a Car Truck SUV - 2019 Ford F-150

Using Your Tax Refund as a Down Payment

Purchasing a new or pre-owned vehicle is a significant step that requires careful research and planning. You may have been thinking about getting rid of your old car for a while, but you may have never been in the financial position to do so. Perhaps you are upside down on your current vehicle and need to use your tax refund to break even. On the other hand, you may get some cash back from your trade-in, and you can use your tax refund to make an even larger down payment. By making a larger down payment, you can strategically set up more affordable auto payments. This means that using your tax refund as a down payment can have financial benefits for the next few years.

Tax Refund as a Down Payment on a Car Truck SUV - 2019 Chevrolet Equinox

Determining How Much You Can Afford

One of the most pertinent questions that many of our customers have is about affordability. They want to know how affordable the new monthly payments may be for the car, truck or SUV that they are interested in. We are affiliated with a network of 21 lenders. Through this network, we are able to work with all customers to search for competitive loan terms regardless of your credit scores. A smart way to determine how much you can afford is to apply for your new auto loan through our financing department. We can review the application and quickly present you with possible financing options.

Tax Refund as a Down Payment on a Car Truck SUV - 2019 Jeep Cherokee
Finding the Right Vehicle to Take Home

By using your tax refund as a down payment on your next vehicle, you may enjoy a lower monthly payment for the next few years as well as several other benefits. Our new and pre-owned vehicles are in excellent condition, so you can feel confident in the reliability of your vehicle. Your down payment may also instill built-in equity in the vehicle from day one. In addition, the specific vehicle that you select may improve the functionality of your transportation, such as by giving you more cargo space, better fuel economy or something else. When you contact Brad Deery Motors for assistance, we can learn about your needs and work to match you with the right vehicle.

Tax Refund as a Down Payment on a Car Truck SUV- 2019 Ford Fusion
Putting Our Team to Work

Regardless of whether you are on the fence about using your tax refund as a down payment on your next vehicle or you have decided that this is the right move to make, we are ready to work with you. By reaching out to us today, we can help you to select the right vehicle to take home and can assist with setting up affordable financing. Drop by Brad Deery Motors during our hours of operation, or contact us by phone today.

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