Down Payment vs. Monthly Payment: How to Use Your Tax Refund at Lester Glenn Honda

If you’re shopping for your new favorite way to beat the commute, you can use your tax refund to make your financing plan even easier to keep up with. Your down payment will grow once you add your tax refund, which will lower your monthly payment all the way down the line. That’s just one way to find a plan that works for you at Lester Glenn Honda.

Growing Your Down Payment

It’s always a smart idea to make a down payment, even when it’s not required, and your tax refund can make it even bigger. With a larger down payment, you’ll be financing for less with your loan, which can get you access to lower interest rates, depending on your credit. Plus, it’ll lead to a lower monthly payment all the way through your new car loan.

Setting It Aside

If you’re not sure you want to completely invest your tax refund in your down payment, you can still use it for driving peace of mind. Set that money aside to cover your first monthly payments on a new Honda SUV, and you’ll still feel more stable in your new loan. And if a major repair crops up, you’ll have cash on hand to take care of intensive service.

Adding Parts and Other Features

Growing your down payment or monthly payments are just two ways to use your tax refund to improve your daily drive. You also may be able to use your extra cash to explore a higher-level trim or add exclusive new features. Our Honda service and parts team can help with more than just maintenance. Talk to us and find out how you can make your drive even more exciting.

Test-Drive a Honda Car in Sea Girt, NJ

Turn your tax refund into driving fun. Explore our Honda dealership in Sea Girt, NJ and find out how your extra buying power can make your next drive even more engaging. Apply for Honda financing and take a test drive today!