While tax season can certainly involve its fair share of paperwork, the rewards are more than worth it. If you’re lucky enough to have received a tax refund this year, your bonus can be the gateway to driving away from the Fields MINI of Glencoe showroom in a new MINI model. Here at our dealership, our MINI financing team is happy to share some strategies for using your tax refund.
Increase Your Down Payment
The most obvious way to utilize your tax refund at Fields MINI of Glencoe is by increasing your down payment amount on a new or pre-owned MINI model. Making a larger down payment means that you can often enjoy a lower interest rate, as lenders tend to be more generous to buyers who put down more upfront.
A larger down payment also has the side effect of allowing you to choose a shorter loan term. Shorter loan terms mean paying off your MINI car faster and saving on interest charges over the life of your loan.
Level-Up Your MINI Car
Your tax refund can also be the key to upgrading to a higher trim level or a more powerful MINI model. For instance, you can use that extra cash infusion to jump from a MINI Cooper to a MINI Cooper S. Or you can consider upgrading to a MINI model with the Premium Package for an even higher amount of luxury and tech features.
Lease a MINI Model
Alternatively, you can use your tax refund to upgrade your lease by reducing the capitalized cost. Doing so lowers your monthly payments. You can also use your refund to cover upfront fees like the acquisition fee.
Get Expert MINI Financing in Glencoe, IL Near Chicago
Visit Fields MINI of Glencoe with your tax refund today. Our team of MINI financing experts is here to help you put your refund check to work!
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