Spring is the perfect time to go car shopping. The sun is shining, and we’ve got plenty of new and pre-owned car options and specials at Audi Nashua on models like the 2019 Audi A4. We know it can be tempting to spend your tax return funds on something frivolous, but we have some great reasons to put it toward your new car instead.
Investing in something as important as your day-to-day mode of transportation is going to benefit you in the long run. Even if you aren’t buying, but instead choose to maintain or upgrade the vehicle you have, it will help you get more money out of the car when it comes time to trade.
If you’ve been thinking of buying for a while, you might consider putting that lump sum toward the down payment on a new or pre-owned model. When you make a down payment, even if it’s not required by your lender, it helps pay down the principal, which is a very good thing financially.
Paying down the principal results in three factors: you will spend less on interest in the long run, you can have lower monthly payments or pay it off quicker, and the “gap” will be shorter. By this, we mean the amount of time that you will owe more money on your car than it is worth will be shorter – which, if worst case scenario happens and your vehicle is totaled, having a gap can be costly and stressful.
We encourage you to contact our sales and finance professionals when you’ve got your refund in hand and you’re ready to take the plunge. Our wide selection, including the award-winning 2019 Audi Q5 SUV, is waiting for you. Use this time of year to your advantage, and you’ll be glad you did!
