While tax season certainly involves plenty of paperwork, the rewards for putting in the work can involve something as exciting as driving away from the showroom of Fields Mazda of Asheville in a new Mazda car. Our team of friendly Mazda financing experts at our dealership is happy to help you turn your tax refund into a new or pre-owned Mazda model. Here are some tips to get started.
How to Utilize a Larger Down Payment
The most obvious method of putting your tax refund to work is to use it to put down a larger payment upfront. Doing so not only lowers your monthly payment; it also signals financial responsibility to lenders. This translates to lower interest rates, which saves you money over the life of the loan.
A larger down payment also has the advantage of reducing the total amount financed. This means that you can pay off the loan faster, providing a quicker path to debt-free ownership.
Your refund can also be used to purchase a higher trim level of your dream Mazda vehicle, which can unlock luxury features like leather seats, a premium sound system, or advanced safety technologies. Or you can also consider adding an option package.
Leasing with a Tax Refund Boost
If you’re a driver who prefers the flexibility of leasing, your tax refund can also be used for a Mazda lease. Applying your refund directly to the capitalized cost of a lease reduces your monthly lease payments. Alternatively, you can use your refund to cover upfront lease fees, such as acquisition fee or security deposit.
Use Your Tax Refund at Fields MAZDA of Asheville
Here at Fields Mazda of Asheville, our expert team is ready to help you make the most of your tax refund. Visit us today to get started on the process of putting your tax refund toward a down payment!
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