One of the things that West Texas oil drillers can talk about is the importance of leverage. They're usually talking about physical leverage but you've got financial leverage you might not even be aware of. Chances are you're getting a good-sized tax refund this year and that can help you get into a new Ford F-150 pickup or a new Ford Explorer much more easily. You can leverage that money in a way that gets you into the vehicle you want at Lawrence Hall Ford in Anson TX.
Use your tax refund to help increase your down payment
Lenders look for a big down payment like 20% of the value of the car. Maybe you're coming up a little bit short on your own but when you combine your current assets with your tax refund, you might hit the 20% mark just fine. A bigger down payment like that communicates to the lender that you're serious about your loan and makes it easier for that loan to get approved. You might even get a better interest rate.
Use your tax refund to reduce your monthly payments
When you put a bigger down payment on a new or pre-owned vehicle at our dealership, you're reducing the amount you have to borrow. That means you'll be spending less on your loan payments every month and that can help increase your family's cash flow. Lower payments can also help you pay off your loan more quickly and easily.
Bring your tax refund to us at Lawrence Hall Ford
The knowledgeable sales consultants and financing specialists at Lawrence Hall Ford have had years of experience in helping people make the most of the money they have. We can show you creative ways to use the money you got back from the federal government to get behind the wheel of the new Ford car, truck or SUV you want most. Ask us about more tax tips at Lawrence Hall Ford in Anson TX.