Getting started with Buick financing can be intimidating for some customers, but Shea Buick GMC is here to help. One especially helpful way to get started is by using your tax return as a down payment for your next vehicle. Learn the benefits of using it for a down payment and find expert financing support with Shea Buick GMC.
Lower Your Monthly Payments and Interest
To begin, the larger your down payment, the less you’ll have to take out in an automotive loan, and thus, the less you pay when it comes to monthly payments. Since you’re taking out less, you’ll also save in interest payments over time, as well.
More Available Options
A large down payment will also give you more options to choose from when it comes to term length, as lenders will be more willing to work with you. You may even be able to access lower interest rates than you would have otherwise, as a large down payment shows lenders that you’re a serious buyer.
Higher Acceptance Rate
The down payment is especially important for customers whose credit score may not be exactly where they want it to be. A significant down payment improves your chances of being accepted for financing – and, when coupled with the lower monthly payments, it gives you a great way to build up your credit score.
Begin Your Buick Financing Journey in Flint, MI
No matter what your Buick financing needs or budget might be, Shea Buick GMC is here to help every step of the way. Learn how you can save with your tax refund, and how to get the best possible deals on your next ride. Visit our dealership to get started today.
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