If you're excited about getting into your new car, you may be trying to think of extra creative ways to set up your down payment so you can get a lower rate or get ahead on paying the vehicle down. Fortunately, we offer numerous different loan options, so you don't have to stress about setting up financing. This time of year, there is a special opportunity for car buyers who are looking at buying as well.

Using Your Tax Refund as a Down Payment

You can use your tax refund as a down payment on a new vehicle this spring once you have filed! When you're looking through lending options, remember that you may be receiving a healthy chunk of money from the government that can be placed back in a vehicle and go to work for you immediately!

Our lenders will accept this money immediately, and in some cases, they can even accept the tax refund approval and receive the money directly into their systems, making your life even easier. This refund will help lower your overall payments and reduce the cost of your car because you set this money aside all year!

Benefits of Using Your Tax Refund as a Down Payment

If you have been struggling to pay for a down payment with the money you've set aside, you are in luck because this money is readily available to you and is outside of what you've already placed aside for paying the car. You may be worried that you can't access it soon enough, and so you won't be able to get into the car you want. Don't stress! Our lenders can accept the payment immediately and process it when the IRS pays it through, giving you instant access to cash that you'd originally have to wait for.

Schedule a Visit Today!

Do yourself a favor and use your tax refund even earlier by grabbing a brand-new car at Earl Floyd Ford in Carrollton, KY. Contact the dealership for directions and to learn about our new and pre-owned inventory. You'll help the economy by infusing those dollars back into it and set yourself up with a brand-new car at the same time!

Categories: Finance