If you’ve recently received a tax refund, Volvo financing is a great use of your bonus. You can use it in several ways, and the Fields Volvo Cars Northfield team can show you how. Here’s how you can make the most of your refund toward a Volvo finance plan.
Boosting Your Down Payment
Drivers who haven’t yet applied for Volvo financing should consider setting aside some of their tax refund for their down payment. Putting more money down on your vehicle means that you can get better rates on the model you want. A lower down payment also lowers your monthly vehicle payments, helping you save money in the long run.
Paying Monthly Statements
You can also pay your next few monthly payments with your tax return if you’ve already financed a vehicle. Drivers can reduce their monthly vehicle expenses by putting a tax refund toward their financing total. If you’ve received a substantial rebate, consider setting aside some money for your next few payments rather than spending it all at once.
Paying Taxes and Fees
Taxes and fees are a part of every financing plan, and they can also be an excellent option for drivers looking to allocate extra cash. Your plan will dictate how much you’re paying in fees and interest each month, so you can calculate precisely how much of your refund goes toward these additional costs. That lets you focus on paying off the principal.
Apply for Volvo Financing Options in Northfield, IL
Our team can give you the best Volvo financing advice if you’re looking to spend your refund. Contact Fields Volvo Cars Northfield to explore financing options or test-drive a model. Get started today and make the most of your tax refund!