Genesis of Wilkes-Barre supports drivers on every stage of the vehicle ownership process, from the first test drive to the next trade-in. We also want to help you save on the cars you love, which is why we’re sharing a closer look at the benefits of trading in your vehicle during tax season. Learn how you can make the most of your trade-in and refund at our dealership.
You Can Improve Your Credit Score
You don’t need to worry about your credit score during the vehicle trade-in process so much. That said, the better your credit score, the more favorable your terms will be when picking out the next vehicle, and your tax refund can go toward improving your score. A good recommendation is to keep your credit usage below 30%, and you can use your refund to reduce usage, putting more vehicles into your budget when the trade-in process is complete.
You Can Increase Your Down Payment
One of the biggest benefits of trading in a vehicle is the down payment. The value of your current vehicle goes toward the down payment of the next model, meaning you don’t need to worry about saving up for as long, and you have more options available within your budget. A larger down payment is always going to enhance your vehicle financing options, however. Consider combining your trade-in value with your tax refund for the best possible financing terms.
Begin the Genesis Trade-In Process in Wilkes-Barre, PA
No matter what your Genesis financing needs might be, you’ll find the support and resources you deserve at Genesis of Wilkes-Barre. We’re here to help you pick out the vehicle you love, this tax season and all year long. Visit our dealership to begin the trade-in process today.
