People who want to buy or lease a brand-new car, truck, or SUV can find that a tax refund can be an ideal option. They can use it to finance their vehicle and make informed decisions.

Tax Return Tips for Buying a Vehicle

If you are unsure how to spend your tax refund on a vehicle, we have suggestions below.

Tax Refund Toward the Down Payment on a New Car

You can put your tax refund to work toward a new car, truck, or SUV. You can reduce your monthly payments by making a sizeable down payment. You can then clear the balance by paying the rest in monthly installments.

Use Your Tax Refund to Buy a Pre-Owned Vehicle

We design our car selection to serve customers looking for affordable pre-owned vehicles. Each used car in our inventory must pass a rigorous safety and performance check. It is a good deal even though new cars offer better advantages.

Use Tax Return to Repair Your Car

If you have a vehicle that's still running but needs repairs, it's a good idea to use your tax return money to get it up to par. It is an ideal way to prolong its life.

Repay an Installment Loan on Your Car

If you have an existing auto loan, you can use your tax refund to reduce the amount owed. You may choose to make one or two extra payments, or you may consider a total repayment of the remaining balance. Doing either of these options will save money in interest over time.

Please feel free to contact us if you have any questions. We are open to any question, including using a tax return toward purchasing a new or used car.