Your Ford Escape trade-in value isn’t the only way you can save money on your upcoming vehicle purchase. You can also add all or part of your tax refund to reduce your monthly costs or set aside funds for upcoming payments. At Jim Riehl’s Friendly Ford, you can discuss the best ways to use your tax refund on a new vehicle.
Boosting Your Down Payment
A great way to reduce your vehicle financing costs is to increase your down payment. This payment is applied to your vehicle’s principal, reducing the amount you need to pay each month. You may have already saved some money for a down payment, but your tax refund is a great way to boost this amount at signing.
Trading In Your Vehicle
Of course, if you’re shopping for a new vehicle, you’ll want to trade in your old one to receive a discount. When you’re discussing a new model or financing options, one of our dealers will take a look at your Ford Escape to check its condition. Then, we can give you a trade-in amount that will be applied toward your next vehicle.
Setting Aside Your Refund
Some drivers may prefer not to spend their whole refund right away, but instead choose to spread it out over time. This is a great option if you’ve already saved some money and want to cover your monthly financing costs without putting additional strain on your budget. You can also set it aside to pay for the taxes and fees, giving you a specific goal for your refund.
Compare Your Ford Escape Trade-In Value in Charlevoix, MI
If you aren’t sure what your Ford Escape trade-in value is, our dealership can help you. Contact Jim Riehl’s Friendly Ford today to schedule an appointment with our financing staff and have your vehicle inspected.