When you work with the friendly finance team at MotorWorld Cadillac, you can turn your tax refund into a brand new Cadillac car. Our professionals are happy to help you use your refund as a way to increase your purchasing power and free up space in your family’s monthly budget. This is an overview of how to allocate your tax refund money to use on a down payment and more.
Reduce Your Total Amount Financed with a Large Down Payment
Applying your tax refund as a large down payment alters the entire car loan in your favor. By reducing the initial principal balance, you protect yourself against depreciation and being upside down on your loan. Making a large upfront investment in a new Cadillac model can also lead to better financing terms from our lending partners, which results in a lower interest rate over the life of the loan.
Cover Acquisition Costs
The path to owning a new Cadillac car involves various taxes and fees, including state taxes, title transfers, and registration fees. Allocating your refund to cover these costs that are due at signing allows you to create a payment plan where you are only paying for the vehicle itself, rather than rolling the fees into the loan.
Add Protection Plans or OEM Cadillac Accessories
Another way to use your tax refund is to purchase a comprehensive extended warranty or a protection plan. Alternatively, you can browse the MotorWorld Cadillac selection of OEM parts and accessories to configure your new car to your specifications.
Talk to Our Finance Specialists to Find the Best Way to Spend Your Tax Refund
We invite you to visit our Wilkes-Barre, PA Cadillac showroom. Our team of finance experts is here to help you find the best way to spend your tax refund. Visit us today and drive off in a new Cadillac car!
