Tax season can be an excellent opportunity to purchase or lease a new car, truck, or SUV. Many taxpayers can get enough cash to help pay for this type of vehicle through their income tax returns.

Using Your Income Tax Return Toward a New Vehicle

For those uncertain about spending their tax refunds on a vehicle best, read on! We suggest the following strategies.

Use Your Tax Refund to Pay for Down Payment on a New Car

If you're planning to buy a new car, truck, or SUV, you can use your tax refund to put down a sizeable deposit. Or, you can make an initial lease payment. A sizeable down payment can reduce the monthly cost of vehicle ownership.

Consider Buying a Pre-Owned Vehicle on Your Tax Return

New vehicles offer advantages. Purchasing a used car is an excellent option for a cheaper alternative. Thus, those customers looking for a more affordable range will find them more ideal. Each preowned vehicle must pass our team's safety and performance check.

You Can Use a Tax Return Income to Keep Your Vehicle In Service

Although it's still in good running condition, your vehicle may need minor repairs. Using your tax return to service the car and bring it up to a healthy level could help extend its life expectancy.

Tax Refund Income Can Pay Off An Existing Loan

If you have an existing vehicle loan, you can reduce the balance owed by your tax refund. You can do this by making a few extra payments or paying off the remaining balance in full. In some cases, doing this can lower the interest you would have to pay.

Please get in touch with one of our sales representatives if you have any questions about buying a new or used car. You can also ask us how using your tax return can buy a vehicle.