It is tax season, and taxpayers around Roswell and beyond are getting their paperwork ready to give to their tax professionals. Many people usually receive a tax refund through a direct deposit or a paper check. This refund can sometimes be several thousand dollars. You can use this money for numerous purposes when you receive a tax refund. However, consider using your tax refund to make a down payment on purchasing a car from the new inventory at Carlsbad Chevrolet.
The Importance of a Down Payment
A down payment on a vehicle is important for several reasons. First, a down payment gives you an advantage in getting approval for an auto loan through our finance center. It will help to lower your overall car loan costs and monthly payments. If you can put down 20 percent or more, you will reduce your interest charges to help you save more money. A large down payment can also keep you from feeling overwhelmed because you owe more money on the vehicle than it is worth.
Securing Your Auto Loan
A down payment can help improve your financial standing if you want to buy a new or used car when facing credit obstacles. When shopping with credit challenges, a larger down payment reduces risk to the lender and your credit during the loan term. The amount of the down payment will vary among lenders. At our finance center, we work with various institutions around Hobbs to bring you various options. However, using your tax refund can help you make the down payment to lower the amount you need to borrow.
Schedule Your Financing Appointment Online
You can buy many things with your tax refund. Why not buy a new or used car? When you visit our dealership near Artesia, our team can help you find a vehicle that fits your budget and show you how using your tax refund can lower the vehicle's overall cost. We also offer rotating specials that can snag you an even more competitive rate! Don't hesitate to contact us online or over the phone to get started.
Navigate to our dealership to make your vehicle dreams a reality. We look forward to seeing you soon. Carlsbad Chevrolet proudly serves Pecos County and the surrounding areas.