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.
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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.
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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!