Ford always makes top models available for people looking for a new or used vehicle. Maybe now is the time to own a Ford Mustang sports car or buy a Maverick pickup truck. The Ford Bronco is another option, and there are more, like the Fiesta and Focus. Friendly Ford knows that many would-be buyers want to finance their purchases, and tax season might be a good time.
Tax Season and Down Payments
Many car shoppers might be concerned with filing a tax return in the first quarter of the year, but they can't forget their transportation needs. Persons relying on a vehicle to get to work or handle routine commutes might find it unwise to put off the purchase. Tax season could be the right time to make a down payment on a new Ford since some taxpayers could receive a refund. Why not put the refund amount towards a new or used vehicle purchase?
Down Payment Benefits
A down payment involves putting a sum of money towards the purchasing and financing the vehicle. Someone who puts a 15% down payment towards their next car, truck, or SUV only needs to finance the remaining 85%. The larger the down payment the would-be buyer makes, the less they have to borrow to finance the vehicle. Combining available cash with a recently received tax refund could lead to making a larger down payment. That means less to borrow and lower monthly payment amounts thanks to a smaller loan.
Trade-Ins
Those wishing to lower their borrowing amount could trade in an older model for their new Ford. Essentially, the trade-in's value gets applied to the car's total. Several factors contribute to trade-in value, including make, mileage, year, and condition.
If you have questions about making a down payment on a Ford at our dealership, please contact our dealership for more information.
