- Making a large down-payment = better financing terms
- Buy a model with more comfort and features.
- Less loan = less payment.
- Makes your loan or lease easier to get approved for a loan.
- It shows the bank you are serious buyer and trustworthy.
2. Buy an inexpensive used car.
- Buy a car with a good maintenance record and low miles.
- Review the CarFax Report by using the VIN number of the car.
- If your tax return doesn't cover the cost of a used car, you still will have a lower payment in your monthly budget.
- Set aside savings for repair and maintenance which may be higher in an older car.
3. Start a lease with a larger down-payment and your monthly payments will be less.
4. Refinance your current loan.
- Do you have a high interest rate?
- Have you improved your credit score since the loan was taken out?
- Using all or part of your Tax Refund will reduce the principle you owe.
- Negotiate a better interest rate.
5. Pay down a car loan with your Tax Refund.
- Make double payments or apply the whole amount of your tax refund.
- Lower the balance you owe and pay less interest over time.
- Call your lender for advice.
6. Repair or spruce up your current car
What sort of improvements can be made?
- New tires give a better ride, create less road noise, and improve fuel economy.
- Have your car's interior professionally detailed.
- Use a Mobile Dent Removal company to repairs small dents, and paint dings, or buy a manufacture colored paint pen to touch up door dings and small scratches.
- Freshen up the smell of your car with a new cabin air filter, or have professionals purge the air with an Ozone treatment to lessen a smelly car interior.
- Clean your headlamps by buffing the plastic back to clear and shiny, rather than dull and foggy, with a 3M Headlamp Restoration Kit
- Buy the genuine sheepskin seat covers you've always wanted.
- Replace your floor mats with WeatherTech mats laser cut to your year, make, and model.
Contact us with any questions
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