Tax Returns Make Great Down Payments
Wednesday, January 08, 2014 8:51:56 AM
Once again, tax season is here! Couple that with the beating that your car takes during the long, cold winter season, and now is a great time to purchase your next vehicle! Tax returns are a great way to put some money down on that loan that you will most likely need. Wondering why you need a down payment? Down payments on vehicle loans do a number of things:
- Lower your monthly payment
- Allow you to save money on the shorter loan term and/or smaller loan balance
- Builds trust in the lender that you are going to hold up your end of the bargain and make the payments since you already have a stake in the game
If you are looking to purchase your newest vehicle, use your tax return to make a down payment, and stop in to the nearest CSE office to get pre-approved before you start shopping!
Or, if you prefer, start the process online!