With tax season comes tax rebates, and you might already be thinking about what to do with yours. Whatever it is, it should be something that will improve your life as a whole, not something that won't matter by the time next tax season comes around. Volvo Cars of Temple has a few suggestions of what you can do. These are long term investments that can save you money and provide you with excellent luxury.
That Volvo XC60 could be yours with the right down payment, and the tax rebate offers a perfect opportunity to start saving for that or add it to an existing fund. The higher your down payment is, the lower your loan has to be, and that means less interest. It might seem like a lot of money to spend all at once, but you'll be saving money in the long run.
Another reason to put down a larger down payment is to make it clear to lenders that you're serious about this purchase. This can help you get a better deal, as they'll be more likely to trust you to pay it back, especially since the payments will be lower.
If you'd rather lease a Volvo S60 or V90, making a larger drive-off payment on the lease can give you much lower monthly payments. If you decide you want to extend your lease, you can sometimes keep these lower payments, depending on the contract, giving you a more affordable option for driving that Volvo XC90 around Robinson, TX.
If you're still paying off your current luxury SUV, your tax rebate can be put to use in a few different ways. If you make extra payments, you'll be able to pay off the loan sooner. You can also pay down the balance on the loan, which will lower the interest paid over time and therefor lower what you have to pay over time.
Another option you have is to refinance your loan. This is a terrific option if your interest rate on the loan is particularly high or if your credit has improved since you got it. You can use your tax refund to negotiate a new loan and reduce the principal on it so you can get a lower interest rate on a lower amount. Reach out to our finance team for more specifics!
If you've been putting off service because of the costs, you should bring your vehicle in and let the tax refund worry about the cost. It's important that your Volvo receive regular maintenance so that we can keep it running in tip-top shape. The better maintained a car is, the longer it will last, and you'll end up spending less since you won't have to buy a new vehicle as frequently. At Volvo Cars of Temple, you can even schedule service appointments online.
Our final suggestion for your tax refund is to take a look at any parts or upgrades you think your vehicle would benefit from. You could get a sunshade for your windshield, new wheels to stand out around Fort Hood or floor mats to keep your floors free of dirt.
We can help you find excellent luxury vehicles at competitive prices for Killeen, TX drivers and beyond. You can talk with our finance team to learn what buying a new Volvo SUV, wagon or sedan would look like for you. Feel free to visit us in person or schedule a test drive with something in our inventory. We'll be happy to help you find the right option.
5700 S.W.H.K. Dodgen Loop
Temple, TX 76502
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