Drivers who received a tax refund this year may want to consider luxury car financing. If you have your eyes set on a new Bentley, Rolls-Royce, or Lamborghini model, your refund can help you get financing started on the right foot. To learn how, the Fields Motorcars Orlando financing team has the details.
Monthly Payments
First, your tax refund can help you reduce your expected monthly vehicle costs if you apply them towards your financing payments. Depending on your refund size, you may want to use it towards your next payment or spread it across numerous months. Whichever you choose, luxury car financing is easier if you apply some or all of your refund towards it.
Down Payment
If you haven’t yet financed a vehicle but have your refund in hand, you may want to increase your down payment. By paying more at signing, you’ll reduce the total principal you have to pay over the term lengths. That reduces your monthly payment amount, giving you more financial flexibility month-to-month.
Fees and Parts
Part of your luxury car financing plan is paying applicable taxes and fees. You can set aside your tax refund to pay these fees each month, letting you focus on saving your money for the actual principal. You might also want to save your tax refund to install or service a part or add an accessory to your vehicle. If you’re looking to add something to your car after receiving your refund, we can help you out.
Explore Luxury Car Financing Options in Orlando, FL
If you have a tax refund burning a hole in your pocket, consider investing it into a new Bentley, Lamborghini, Rolls-Royce, or other luxury vehicle. The professionals at our dealership can show you all the auto financing options you’re eligible for and help you explore new or pre-owned models. Contact Fields Motorcars Orlando today to learn more about financing or schedule a test drive!