Do you plan to lease or buy a car with your tax refund this tax return season? That’s a smart idea to put your refund towards an investment! Whether you’d like to put the money towards your down payment or help with monthly payments, there are a few ways how you can spend your tax refund. Learn more below.
Before you get too far ahead, you should calculate the numbers and see what budget you’re working with in St. Louis, MO. Begin by calculating the monthly car payments, and see how much your current vehicle is worth when you trade it in.
Have your eyes on a brand-new Chevrolet? You can use your tax refund for the down payment on a car if you’re considering financing. When you do this, you’ll see that the bigger the down payment, the lower the monthly car payments. A bigger down payment can mean more advantageous loan terms.
If you’d like to buy a used car with your tax refund instead, George Weber Chevrolet Company has many great options for you. You’re snagging an even better deal than you’re already getting from our new-to-you selection near Belleville.
While you can get a car with your tax refund by financing in Waterloo, you can also go for a car lease instead. Get a car with your tax refund when you use your refund, so you can start your car lease on the right foot. In other words, your monthly payments will significantly reduce and you can drive around your elevated vehicle while knowing you’re off to a great start!
If you already have an outstanding loan, we recommend that you prioritize paying that loan off, so you can be in the best spot financially as possible. Even if you’ve consistently made payments, putting the refund towards your loan will help you pay off the full amount quicker.
Ready to use your tax refund for the down payment on a car? Or to pay off your current car loan? Regardless of what’s best for you, know that the team at George Weber Chevrolet Company is here to assist you. If you have any questions, reach out to us or set up an appointment to meet with us in our Columbia dealership!