A new Mazda SUV is an excellent choice for your next vehicle, whether adventuring across the country or picking the kids up from school. It’s spacious, comfortable, and equipped with the safety features parents can rely on, and with your tax refund, taking home your new Mazda vehicle is easier than ever. Learn how to make the most of your tax refund and save on down payments when you visit Hall Mazda Virginia Beach.
Consider Pre-Owned Vehicles
One of the best ways to stretch your tax refund farther is by purchasing a pre-owned Mazda SUV. Pre-owned cars are less expensive than new vehicles, which means your down payment will be smaller and your monthly payments will be lower. Your tax refund will cover more of your down payment when you buy pre-owned, which means you’ll be able to pay your vehicle off more quickly.
Raise Your Credit Score
Your credit score is one of the most essential factors to account for in the vehicle purchasing process. The higher your credit score, the more favorable your terms, including your down payment. If you can use your tax refund to reduce debt and boost your credit score, securing favorable loan or lease terms is much easier.
Use the 20/4/10 Rule
If you’re just not sure where to start when it comes to vehicle budgeting, the 20/4/10 rule can help. It recommends putting down 20% of the vehicle value, which is easier to do when you have a tax refund in the bank. It also recommends paying the vehicle off in four years, and spending less than 10% of your monthly income on transportation costs.
Begin MAZDA Financing in Virginia Beach, VA
The vehicle financing process doesn’t have to be overwhelming. At Hall Mazda Virginia Beach, you’ll find the resources and tools you need to take home the car you love with minimal effort. Put your tax refund to work at our dealership today.
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