Tax-Return Season Is Upon Us!

Here’s How You Can Use Yours On a New Ford F-150, Mustang, Escape, or Other New Ford at Paoli Ford

One of the best things about the upcoming season is the arrival of tax returns—spring is alright, green grass and flowers, sure, cool, but tax returns? That’s the kind of green we’re really excited about here at Paoli Ford!

If you’re like us and other drivers in the West Chester, PA area, then you’re planning to use your tax return to check off one of those big, necessary purchases on your list—something like, say, a new Ford sedan like the Ford Fusion, or a crossover like the Ford Edge; what about an SUV like the Ford Explorer or a pickup like the Ford F-150? The answer to these burning questions—and how you can use your upcoming tax return to get your new Ford—are found below!

 

 

Using Your Tax Return to Purchase a New Ford? You Genius, You!

Now before we get ahead of ourselves, it’s important to remember that a tax return isn’t bonus money—it was yours all along! And since the average federal tax return hovers in the neighborhood of $3,000, that’s no small chunk of change! When that check makes its way to your mailbox in Malvern, PA, though, the temptation to splurge can be strong; instead, consider investing your return in something that will keep giving back to you for the rest of the year and beyond: a new Ford car, crossover, SUV, or truck. Check out the following steps to see how you can use your tax return to invest in your future in a big way (even if you don’t want to purchase a car with it!):

  • Make a Substantial Down Payment on a New Ford: No surprise here—you can take big chunk of change out of that MSRP with a sizeable down payment! This serves a few purposes: a sizeable down payment shows the dealership you’re serious about the loan and taking on the responsibility of the loan, making them more likely to want to work with you; it also benefits you because a larger down payment translates proportionally into smaller monthly payments—think about it, the more you pay upfront, the less you pay down the road.
  • You Could Also Lease! When you get that tax return, you can actually make a large down payment on a new-car lease! You mean I don’t have to buy? Nope! You can make a larger down payment on your lease, which can lead to lower monthly payments! We don’t have to tell drivers in Wayne or King of Prussia, PA that a lower monthly payment is easier to manage, but did you know that you may be able to retain that lower-monthly-payment if you ever try to extend your lease? Hey, a hidden bonus!
  • Hey Current Customers, You Can Benefit, Too! If you’re already a happy Ford owner, you can use your tax return this season to knock out a big chunk of your current car loan. Making an extra payment might seem like a really boring way to use your tax return, but when you pay off the balance sooner, you’ll pay less interest over time, and that’s like current-you saving money for future-you, and future-you will appreciate it!

As you can see, there are plenty of useful—if a little boring—ways to use your tax return this season. Sure, making a large down payment on a new Ford or paying down your current loan is not as exciting as a hoverboard, but both will improve your life—the same can’t be said for that hoverboard. Get in contact with our finance department today to start thinking about how you can best use your tax return this season!

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