Using Your Tax Refund to Trade In and Trade Up at Keyes European

At Keyes European, we pride ourselves on matching drivers with the right vehicle and keeping your lease or purchase process pain-free. This tax season it’s easier than ever thanks to your tax refund. Learn how to use your refund to trade in and trade up at our dealership today.

Saving On Tax and Interest

There are two separate but unrelated tax benefits available. The first comes when you trade in a vehicle, since sales tax is calculated on the car’s value after the trade-in is applied. When you add your tax refund to your down payment, you reap yet another benefit: interest is charged on the borrowed amount, which your trade-in, down payment, and tax refund will all lower. The less you finance, the less interest you’ll pay during the loan term.

More Choices

A larger down payment and lower principal has another benefit: you have more vehicle and trim options at your disposal than might otherwise have been within your budget. Use a payment calculator to run the numbers. You may find that you have more choices than you realized.

Addressing Your Current Financing

On the other hand, what if you already own or lease your vehicle? Your refund can significantly lower your loan principal. If you’re nearing your lease end, you can use this money toward a lease buyout or the initial payment on your next Mercedes-Benz lease.

Begin Financing Your Next Luxury Vehicle in Van Nuys, CA

No matter what your Mercedes-Benz financing or purchasing needs might be, you’ll find the support you deserve at Keyes European. We’ll help you find and finance a luxury vehicle that suits you to a “T.” Make the most of your tax refund and find the car you’ve been dreaming of.