Why You Should Spend Your Tax Return on a New Ford at DCH Ford of Eatontown

You know that Ford produces some of the most reliable vehicles on the road today. You know that Ford also has a wide variety of vehicles to choose from, and you know that you can find a Ford to fit your unique driving needs around Eatontown. With your tax return, it may be the right time to drive home in the new Ford vehicle of your dreams. We have plenty of great incentives to make your buying journey as fun and straightforward as possible. Let's learn more about all DCH Ford of Eatontown has to offer.

Use the Money to Put a Sizable Down Payment on a Ford Car, Truck, or SUV

Most dealerships encourage people to use their tax refund to put a down payment on a new car, and this is a smart thing to do. For every dollar you can put on the down payment of a car, the less you'll have to spend monthly to pay off your car. Next, if you have had credit issues in the past, having a large down payment will show our lenders near Lakewood that you are serious about taking out a loan and paying it back.

The more you can put on a down payment, the cheaper your monthly note will be. You'll have a new vehicle and an affordable payment.

Furthermore, when you put a sizeable down payment toward your new Ford, you're less likely to experience becoming "upside-down" in your vehicle later. This term—upside down—refers to owing much more on your car than the car is worth. Paying down at the beginning, getting an affordable monthly payment, and then working to pay extra toward the principal will help to keep you from becoming "upside-down" in your car's equity.

Use the Money to Lease the Ford Model You've Been Dreaming About

Do you drive under 36,000 miles per year? Do you wish to turn in your car every two or three years for a newer model? Then a lease at our dealership near Jackson might be right for you. For every dollar you can put down as a down payment on a lease, you can lower your monthly payment.

Keep in mind that Ford has an excellent lease program available. You can set your own terms (and what better way to utilize that tax refund) by using your down payment to purchase a more flexible lease plan.

Ford's Red Carpet Lease program allows for a traditional lease (three years, 36,000 miles) as well as the ability to purchase extra mileage at the inception of the lease rather than having to pay steep fees once those miles have been incurred. You can opt for 19,500 per year under the Red Carpet Lease program or one can opt to purchase even more miles per year. This flexible lease option is even more affordable when you have a larger down payment to put toward the lease contract.

Purchasing a New Ford Model Can Help Improve Your Credit

Getting an auto loan is one of the best ways to improve your credit score. However, utilizing a large amount of money to make a down payment will help you to do so because you'll be getting a cheaper, more affordable monthly rate. You'll be able to drive your favorite Ford vehicle around Jersey City while improving your credit in the process.

Using your tax refund to get an affordable payment will help you to build poor or weak credit. Once you are approved for the loan, you can pay ahead or pay more than necessary each month to pay the loan of sooner and slowly raise your credit score.

Visit DCH Ford of Eatontown to Learn More

If you'd like to learn more about all you can do with your tax return, we encourage you to visit our dealership near Freehold today in Eatontown. Our trusted finance professionals can help you work out a great financing plan, and you can take any Ford model that catches your eye for a test drive. We look forward to working with you soon!

Categories: Finance, New Inventory
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