Now that we’re in the midst of tax season, you’re likely beginning to wonder what to do with your tax refund. Receiving this cash infusion opens up a number of possibilities for upgrading your daily drive at Lexus of Valencia. Whether you’re looking to lower your monthly payments or simply want to cover the initial costs of ownership, our Lexus finance team is ready to help you wisely use your refund.
Lower Your Monthly Payments on a New Lexus Model
Applying your tax return as a large down payment on a new Lexus model is the direct way to reduce the total amount that you pay over time. By putting down more upfront, you decrease the principal balance of the loan, which translates to smaller monthly payments. Additionally, this increased equity upfront can help you qualify for better financing rates from lenders.
Purchase a High-Quality Pre-Owned Lexus Model
If you prefer the wide selection of our pre-owned Lexus inventory or even our L/Certified inventory, your refund can serve as an entry point. These vehicles boast the luxury, reliability, and safety of the Lexus brand at a more accessible price point, which means that your refund covers an even larger portion of the total cost.
Take Care of Upfront Taxes and Fees
Another smart financial move is to use your refund to pay for the upfront costs, such as sales tax, vehicle registration, and dealership documentation fees. By taking care of these expenses immediately instead of rolling them into your loan, you can avoid paying interest on them.
Test Drive a New or Pre-Owned Lexus in Valencia, CA
We invite you to visit the friendly Lexus of Valencia showroom with your tax refund. Our team of knowledgeable finance specialists is here to help you determine how best to use your refund. Upgrade your daily ride today!
