If you’ve just received your tax refund, applying for INEOS Grenadier financing is a great way to put it to work. Your refund can go towards a down payment or help you get ahead of your monthly plan. Either way, getting behind the wheel of this no-compromise off-road SUV at MileOne INEOS Grenadier just got even easier.
Making a Down Payment
If you use your refund to make a bigger down payment, you’re putting yourself in a stronger financial position. A bigger down payment reduces your financing amount so you can expect better rates and shorter terms. You should always try to put down at least 20 percent of the car’s cost, but there’s no upper limit.
Getting Ahead of Depreciation
A better down payment does more than open you up to better offers. It also helps you get ahead of depreciation, which is the process by which new cars lose some of their value. With a larger down payment, you’re less likely to end up “upside-down” on your loan, owing more money than the car is currently worth.
Making Extra Payments
If you already have a financing plan, your tax refund can help you get ahead of your monthly payments. Check your financing plan to see if there is a way to make larger or additional payments to build equity even faster. However, remember that some loans have early repayment penalties, so check the terms and conditions first.
Apply for INEOS Grenadier Financing in Silver Spring, MD
Your tax refund makes it even easier to get behind the wheel of a new INEOS Grenadier. Visit our dealership and learn more about financing from our expert team, then explore this SUV in person. Test it out on the open road and see what you’ve been missing!
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