Scheduling your next Honda payment doesn’t have to be overwhelming. At Heritage Honda Bel Air, we work one-on-one with drivers to set budgets and determine personalized financing plans. We’re also sharing everything you need to know about maximizing your tax refund to make paying off your vehicle quick and easy.
Boost Your Credit Score
Your credit score is one of the most important factors to consider when it comes to vehicle financing. It tells lenders how reliable you are to lend money to, which is why a higher credit score typically gives you access to more favorable terms. Reducing credit usage is one of the most effective ways to raise your credit score, so if you apply your tax refund toward your debt, you’ll likely enjoy lower monthly payments.
Put Down a Bigger Down Payment
The down payment is the amount of money you give to the dealership the day you take your vehicle home. The more money you put toward your down payment, the smaller your monthly payments will be. By using your tax refund for your vehicle down payment, you’ll be able to pay your vehicle off more quickly and reduce the amount you own every month.
Address Taxes and Fees
When purchasing a vehicle, there are a few taxes and fees you’ll want to account for in your budget. These can include sales tax, destination fees, registration, dealership fees, and even insurance. These costs can take away from the amount you are able to put down on the day of purchase, which is why you’ll want to consider using your tax refund to address them.
Chat with the Experts to Figure Out Your Honda Payment
No matter what your Honda financing needs might be, you’ll find the support you deserve at Heritage Honda Bel Air. We make it easy to set Honda payments you can meet, and to find the vehicle of your dreams at the right price. Begin financing at our dealership today!
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