A new Nissan car is an excellent investment if you’ve recently received your tax refund. It can help you reduce your payment stress or pay for additional services and accessories at Hall Nissan Virginia Beach. To learn how, we’ve assembled these financing tips to put your tax refund to the best use.
Reduced Monthly Payments
The classic way to apply your tax refund to your new Nissan car is to put it towards your monthly payments. Whether you want to spread it across multiple payments or entirely to your next one, your refund can help relieve any vehicle-related financial stress. You can also apply an additional payment to your loan to reduce your principal quicker.
Taxes and Fees
Sales tax is paid on the vehicle’s value and can’t technically be paid down; here, we suggest trading in your car, which reduces the taxable amount. However, there are also several fees – title, destination, and others – associated with a new car loan or lease, and your tax refund can help you meet them. Since these can sometimes fluctuate depending on your terms, using your refund to improve your flexibility is a great option.
Add-Ons
Have you applied for any additional service or financing add-ons? This is another excellent use for your tax refund, especially if you want to save up for your monthly payments. Items like service plans and warranty enhancements cost extra; paying for them up front reduces the amount you finance so you save money month-to-month over the life of your loan.
Finance a New Nissan Car in Virginia Beach, VA
Ready to apply your tax refund to your new Nissan car? Our dealership can help you figure out your potential financial savings. Contact Hall Nissan Virginia Beach today to explore financing options or order replacement parts and accessories.