1. Your Tax Refund can be a sizeable down payment on a BMW
We have attractive financing offers on BMW vehicles going on right now. It is a great time to get a fantastic deal on a 2023 vehicle for getting around Columbus or Phenix City. Combining your tax return with the savings you can get right now, is a terrific way to finance a new BMW SUV. Also, as interest rates go up, the more you can put down on your next BMW can significantly lower your monthly payments.
2. Lower your current BMW loan balance OR use it for several upcoming lease payments
You can either pay down the remaining amount owed on your existing BMW loan or make some extra payments. The more you pay, the more goes to your principal amount owed and not on interest. So, you are saving more money in the long run. Let’s say your monthly lease is $800 / mo and your refund is $3,000. If you put your refund toward those payments, that is nearly 4 months of lease payments!
3. Repair or replace your current BMW
You may have heard the term, “upside-down” when it comes to a loan. This happens when you owe more than you can sell your car. That’s okay, it just means it may be time to focus on investing into those maintenance and or repair services your vehicle needs. Of course, if you are ready to upgrade, bring your car into our Columbus, GA dealership or value your trade online and get the best amount possible so you can get into a newer model.
Maybe you’re in need of new tires for your BMW. A brand-new set of run-flat tires can significantly enhance fuel efficiency, lessen road noise, and enhance ride quality. If you are interested in our maintenance offers, visit our BMW service center near Auburn here.
Whether you choose to use your tax refund for a new BMW, or a pre-owned BMW or simply use it for maintenance, you’ll be glad you used it to upgrade your driving experience.