Investing Your Tax Return into a New Vehicle in Colquitt, GA



How is your old car driving? If it's showing its age, the time has arrived for you to trade in and upgrade. Using your tax refund to put a down payment on a new car is a smart investment. A sizable down payment will take the edge off your loan in terms of interest rates and the amount of time it will take to pay it off. If you're worried about your credit, the bigger the down payment, the more likely you are to be approved for a loan.

How Much of a Down Payment to Make in Colquitt, GA

Finance experts say that the optimal down payment is somewhere in the range of 20% of the car's value. This increases equity. In terms of financing, equity means the degree to which your car's overall value will match the amount you owe on it. The more you pay up front, the better equity you will have in the long run. In this way, leveraging your tax return to put more money down equals a smart investment. Not only does it increase equity, but it also saves you income in the future on monthly payments. It reduces the long-term risk that your car's value will depreciate below what you owe. This is especially true in unforeseen circumstances, like accidents that total your car. We hope you'll never have to wrangle with an insurance company on such matters, but if you do, that higher down payment might just save you money.  

Trade-in, Save, and Finance in Colquitt, GA

Of course, the most important factors for any car buyer are what you need and how much you can afford. No matter your credit, we will work to get you the best loan and vehicle. Coupling a handsome tax refund with a trade-in can make your down payment dream a reality. We'll give you the top deal on your old car, and we'll work extra hard to secure the most optimal financing terms. We want smart shoppers like you. That jibes with our focus on transparent, no-hassle customer service.  


Smart Shopping for New Vehicles in Colquitt, GA

The good citizens of Miller County and beyond -- from Damascus to Iron City, Blakely to Bainbridge -- know a good deal when they see one. Whether you're looking for a new Ford F-150, a bucking Bronco, an economic but roomy Ford Escape, or any of our other fine, affordable new cars, we won't waste your time haggling, we'll just give you the best deal right now. We're a small-town dealership, all about helping our friends and neighbors. That's why we guarantee your satisfaction and follow through with a smooth buying experience. You can even take a car to test drive for 24 hours, just to see how it fits. And if you ever do need a repair -- because of those unforeseen circumstances we mentioned before -- we'll give you a loaner to drive while we get your baby back on the road. Contact us today!

Contact

Franklin's Spring Creek Ford

220 West Main Street
Directions Colquitt, GA 39837

  • Sales: (229) 758-3381
  • Service: (229) 758-3381
  • Parts: (229) 758-3381

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