As spring arrives, we’re in the midst of tax season. This time of year presents an opportunity to improve your daily drive here at Fields Cadillac St. Augustine. With your tax refund in hand, you can get behind the wheel of a new Cadillac model like the Cadillac LYRIQ, maximize your value with a pre-owned vehicle, or handle upfront costs immediately. Here is an overview of three ways to use your tax refund at our dealership.
Lower Your Monthly Payment with a Large Down Payment
One of the most popular ways to use your tax refund at our dealership is to apply it as a large down payment on a new Cadillac model. By reducing the initial principal balance of your loan, you can lower your required monthly interest payment. This cash infusion from the refund often can help you qualify for better interest rates from our lenders, which saves you money over the entire life of the loan.
Get Behind the Wheel of a Pre-Owned Cadillac Model
If you prefer to stretch your refund even further, use it toward a pre-owned or a Certified Pre-Owned Cadillac model. This allows you to move up to a higher trim level than you might have previously expected. Pre-owned vehicles have already undergone their steepest depreciation, which means your refund covers more of the total vehicle cost.
Handle Upfront Costs Immediately
Another helpful strategy is to use your refund for upfront expenses like sales tax, title transfer, and registration fees. When you cover these costs at first, you avoid rolling them into your financing, saving you interest charges.
Explore New Cadillac Models in St. Augustine, FL
We invite you to visit Fields Cadillac St. Augustine with your tax refund in hand. Our sales team is ready to talk about our new and pre-owned Cadillac inventory. Upgrade your daily drive with your tax refund today!
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