If you're thinking of financing or leasing a new BMW model, you may have more options than you think. In fact, most people don't consider the benefits of directing their tax refund or stimulus check toward a down payment on a new car.
Before committing to a plan, consider the perks of making a down payment with your tax refund or stimulus check at your Basney BMW dealership.
Capitalize on Great Car Deals
A newer model often comes with a higher down payment, so it helps to have some extra cash stored up ahead of time. With the surplus savings you get from a tax refund or stimulus check, you can further reduce this down payment.
Depending on timing, dealerships may also offer seasonal finance and lease specials on vehicles. You'll breathe even easier when you apply your tax refund or stimulus check to take care of your down payment on an already affordable vehicle.
Give Yourself a Head Start
When you satisfy a large down payment, you instill confidence in the dealership. They see you have the resources to keep up with financial deadlines, which makes them more likely to offer you the deal on a new car.
Making a sizable down payment also puts you further ahead of schedule. You're now less likely to miss a payment, and the dealership will view you as a reliable customer.
Increase Your Options
More than anything, fulfilling larger down payments can lower your rate over the long run. With more installments out of the way, you'll have less to pay off down the road, which gives you more long-term financial leeway.
You'll spend more time enjoying your ride and less time fussing over finances when you put your tax refund or stimulus check to good use on a great car.
Finance a BMW Model with a Tax Refund or Stimulus Check at Basney BMW Today
Making a down payment with your tax refund or stimulus check puts you in a prime position to secure a fantastic deal on a new BMW model. Learn more about your financing options by visiting your Basney BMW dealership in South Bend today.