During tax season, you can make the most of your tax refund when financing your next vehicle. However, there are several things you should keep in mind before applying for a loan. Here are a few Chevrolet finance strategies, courtesy of Rick Weaver Chevrolet, to consider this tax season.
Get Pre-Approved for Financing
Pre-approval is essential for any driver seeking flexible financing options during tax season. When you get pre-approved online, you’ll receive an estimate of the amount of money you’ll need to borrow when financing and your interest rate. This can help you prepare a budget for your monthly payments when you receive your tax refund.
Check Your Credit Score
One of the main factors that can help you get approved for Chevrolet financing is your credit score. Evaluate your credit score thoroughly to avoid inputting incorrect information on your application form. If you have a low credit score, consider improving it by paying your bills on time.
Make a Down Payment with Your Tax Refund
You can use your tax refund for your down payment when financing a Chevrolet vehicle. Typically, a higher down payment can help you get approved for financing, lower your monthly loan payments, and qualify for a lower interest rate throughout your loan term.
Save Money for Additional Expenses
Once you’ve filed your tax returns this season, we recommend saving some of the funds from your tax refund to create a budget to cover other expenses for your Chevrolet vehicle as you make your monthly payments. Some of these expenses include registration fees, fuel, and maintenance services.
Explore Our Chevrolet Finance Options in Edinboro, PA
Do you have any additional questions for our Chevrolet finance team? Visit our Chevrolet dealership in Edinboro, PA, to schedule an appointment. Speak with our team and get started with your financing application today!
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