Jaguar Northfield is your dealership for new luxury performance vehicles, as well as expert financing support. We’re committed to helping drivers pick out their perfect vehicle all year long, but there are many advantages to purchasing during the tax refund season. Learn about the ways you can use your tax refund toward a vehicle you love at our dealership.
Increase Your Down Payment
One good rule of thumb is to put 20% of your vehicle’s value down on the day of purchase. That said, the more money you are able to put toward the down payment, the more you’ll save over time, and the smaller your monthly payments will be. Consider using your tax refund to increase your down payment, so you have a wider inventory of models available within your budget, and so you can pay your vehicle off more quickly.
Purchase Pre-Owned
You may also want to consider increasing the down payment on a pre-owned vehicle. This has its own benefits, as pre-owned vehicles are much less costly than new models, meaning your tax refund goes further. Additionally, they have a smaller rate of depreciation, so you’ll see that initial investment returned when the time comes to sell or trade in.
Save on “Day-of” Costs
There are a few additional day-of-purchase costs you’ll need to budget for when buying a vehicle. These include the dealership fees, destination fees, title and registration, and the sales tax. If you are able to put your refund toward these costs, you’ll have more money available for the next model.
Finance a Jaguar Vehicle in Northfield, IL This Tax Season
The more you know about the Jaguar financing journey, the more confident you’ll feel when the time comes to purchase the next car. Jaguar Northfield is here to guide you. Visit our dealership to make the most of your tax refund.
