PRLog - Jan. 5, 2011 - COUNCIL BLUFFS, Iowa -- Using a tax refund as a large down payment allows many to get financing when they are rebuilding their bad credit. Putting down a large down payment for first time buyers is usually a requirement. Putting as much money down as possible gives the bank commitment. Their risk on your auto loan is minimized and they will more likely offer you lower interest rates and longer terms. What better time than tax time to use your tax refund as a boost to get you the car you need. Additionally, having a larger down payment reduces the amount of interest you pay dramatically!
Cars are not investments, they are expenses. That is why many times we owe more than the car is worth. This can sometimes it is impossible to trade out without a large down payment. It is a frustrating situation because you may feel trapped in your current vehicle until you can slowly pay it off. Use your tax refund as a way change your luck and put you in the car you need. Edwards Subaru Hyundai has one of the largest selections of used inventory in cars and SUV’s in the Omaha area. See their inventory here:
Lastly, many people prefer not to have a car payment. Unfortunately this is difficult because by the time we get to that point, the shop bills can start piling up. Alternatively, use your 2010 tax refund check to buy a reliable, newer vehicle outright. Edwards Cash Cars has been selling reliable vehicles to the people of Omaha for years. Customers have even ridden buses from Kansas City to take home their new car. Most their inventory is under $10,000. You can see their current inventory here:
For more information of questions about how to use your down payment, please don't hesitate to contact our Internet Sales Department. They are experts when it comes to customizing your car experience to fit your needs.
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Edwards Subaru Hyundai of Omaha sells new and used Subarus and Hyundais. We also service all makes and models.