Now is the time if you've been thinking about buying or leasing a new car, truck, or SUV. During this time, many American taxpayers receive enough money back. This money assists them in securing the vehicle they've been looking for.

How to Use Your Tax Return in Buying a New Car

If you're not sure how to put your tax refund toward a car, we have suggestions below that may help.

Make a Down Payment with Your Tax Refund

If you're in the market for a new car, truck, or SUV, you can use your tax refund to put down a significant deposit. A sizeable down payment on a vehicle can help you save money on your monthly expenses.

With Your Tax Return, Consider Purchasing a Pre-Owned Vehicle

Buying a used automobile is an excellent option for people searching for cheaper vehicles. Even though new cars offer perks like durability, customers can trust our preowned vehicle selection. Each of our vehicles must pass our team's safety and performance inspection.

Maintaining Your Current Vehicle

Perhaps you already own a vehicle you intend to keep, but it requires some repairs or upkeep. Using the money from your tax return to service and maintain your car is ideal for extending its life.

Make a Payment on an Existing Loan

If you already have a vehicle loan, you can use your tax refund to pay down a large portion of it. You can accomplish this by making a few more payments. Or, you can use it to pay off the remaining balance ultimately. Depending on your loan details, you can reduce the interest that would pay over time.

If you have any concerns about how you can put your tax refund toward a new or used automobile, get in touch! Our knowledgeable sales associates will help you through the whole process.