While doing your taxes is never a fun experience, the resulting tax return can make the hours of hair-pulling seem worth it. But how do you get the most out of that money? Well, if you are looking for a new car, combining your return with an amazing Honda special is a great place to start. Our team at Honda Van Nuys can help you find the right vehicle and Honda special for your needs!
Reduce How Much of Your Down Payment Is Out of Pocket
Using your refund to boost or even cover your down payment is a great way to maximize it. Combine that with the right dealer incentives like down-payment assistance or cash rebates, and you could be saving some serious money. Sometimes, there is also bonus cash available for certain groups, like military personnel or recent college graduates. Even without an incentive, using your tax refund allows you to keep your regular income steady.
Lower Your Monthly Payments Immediately
The other factor is that the more money you are able to put down, the smaller the loan you will have to take out, and this means that your monthly payments will be lower. It can get even better depending on the size of your down payment. Many dealerships offer percentage-based financing with specialized APRs for larger-than-average down payments. It is typically 20% of the total, but offers vary. Either way, combining your tax return with a Honda special is a smart move.
Explore Your Options with Our Honda Dealers in Van Nuys, CA
Whether you want to lower the amount of cash you need upfront or you want a better APR, using your tax return and a Honda special can help you make a wise financial decision. To learn more about specific offers, contact our team at Honda Van Nuys.
