If you’ve received a tax refund, you may want to apply some of it to your Lexus financing plan. It’s a great way to reduce your vehicle-related costs each month and improve your payment options. To learn how the Lexus of Jacksonville team has explained the key benefits of maximizing your tax refund on vehicle financing.
Monthly Payments
The way most drivers use their tax refund on a vehicle is on their monthly payments — specifically, the principal. Whether you’re applying a set amount over your next set of payments or just on the next one, you can make your financing payments more flexible with your tax refund. It’s a great option for drivers who are saving up funds for other reasons while also paying off a car.
Down Payments
If you haven’t yet applied for a Lexus financing offer, you may also use your tax refund to improve your down payment. A larger down payment reduces your overall financing costs as it is applied directly to your loan principal. That lowers your overall monthly payments and puts a nice dent on your vehicle costs right at the start.
Taxes, Fees, and Add-ons
You may also want to apply your refund to applicable taxes, fees, or add-on costs so you can focus on the base monthly payment. Taxes and fees can be a significant portion of your payment, which makes this an attractive option for drivers looking for more flexibility when they start paying off their vehicle.
Compare Lexus Financing Options in Jacksonville, FL
Want to learn more about Lexus financing and your tax refund? Contact Lexus of Jacksonville today to speak with our financing experts and apply your refund appropriately. Drive home in a new luxury vehicle today!
