3 Ways to Use Your Tax Refund with Chrysler Capital

Man holding cash in front of a red car

With Chrysler Capital financing support, you can take home your dream vehicle without breaking your budget. It’s even easier during tax refund season, when you have more resources at your disposal. Learn how to maximize your refund when you visit Fields Chrysler Jeep® Dodge RAM Glenview.

Put It Toward a New Vehicle

The general recommendation is that drivers will want to put down 20% of the vehicle’s value on the day of purchase. That said, the more money you are able to put toward your down payment, the more you’ll save on monthly payments and accrued interest costs over time. You can also begin the vehicle financing process soon, since you don’t have to wait to save up when you have a tax refund.

Put It Toward a Pre-Owned Vehicle

Another exciting way to maximize your tax refund is by putting it toward the purchase of a pre-owned vehicle. Pre-owned vehicles tend to be less costly than new models, meaning your tax refund will go even further. You’ll also see more of the vehicle’s value returned when you go to sell or trade in, as pre-owned models have a lower rate of depreciation.

Put it Toward Day-of-Purchase Costs

You can also use your tax refund toward the day-of-purchase taxes and fees, leaving more money in your budget for the next vehicle. Here are some costs to account for on the day of purchase:

  • Destination fee
  • Dealership fee
  • Title and registration
  • Sales Tax

Finance Your New Vehicle During Tax Season in Glenview, IL

These are just a few of the ways you can make the most of your tax refund when financing a new vehicle. Fields Chrysler Jeep Dodge RAM Glenview is here to help along the way. Visit our dealership to begin the financing process this tax season.

Categories: Finance