Kerry Chevrolet is the Chevrolet dealership dedicated to matching drivers with the vehicles they love at the right price to fit their budget. That’s why we provide financing tools and resources to make the process easy, and why we’re sharing a closer look at the best ways to save during tax refund season. Visit our dealership to get started.
Increase Your Down Payment
The larger your down payment is, the more money you’ll save over time. That’s because you’ll have smaller monthly payments, so you can often overpay, and you’ll pay your vehicle off more quickly, meaning you’ll spend less in accrued interest costs. Typically, the recommendation is to put down 20 percent of the vehicle’s value on the day of purchase, but with a large tax refund, you can put down more on a new, pre-owned, or Certified Pre-Owned Chevy vehicle.
Pay Off an Existing Loan
Another way to save this tax season is to pay off an existing loan. The longer you have a loan out for, the more you’ll spend on interest, and paying it off will take that financial burden off your plate. Even if you can’t pay the loan off completely, contributing a lump-sum payment toward it will get you one step closer to full ownership of your vehicle.
Schedule Service
The best way to extend the life of your vehicle is to schedule regular service and car care. You can use your tax refund to cover the cost of service or replacement parts. This path pays dividends, too, as regular service helps preserve your vehicle’s resale value. Tax refund season is also a good time to schedule the repairs you may have been putting off.
Explore the Options at Our Chevrolet Dealership in Alexandria, KY
There are many different ways to make the most of your tax refund this year. Kerry Chevrolet is here to help along the way. Learn how you can find your dream car or extend your vehicle’s life with Chevrolet financing support right here at our dealership.
