During tax season, you'll need to consider how you plan to use your tax return to ensure your money is used wisely. Buying a new or pre-owned car is a great way to have a reliable mode of transportation and make a purchase that can be difficult to afford at other times of the year.

Pay Off Your Auto Loan

If you already drive a vehicle that is reliable, but you still owe money on the auto loan, you can use your tax return to pay down the balance or pay the loan off. This is a great way of becoming one step closer to being debt-free and reducing your monthly payments.

Buy a Used Model

Used vehicles are priced lower than new cars, which can make it easy to afford a pre-owned vehicle with your tax refund. When you put your tax refund towards a pre-owned car, you can immediately pay for the vehicle in full or pay off a majority of the vehicle to reduce your monthly payment.

Invest in a New Car

Buying a new car means you need the funds to make the investment to ensure it's an affordable purchase. With your tax return, you can use the funds to invest in a down payment for a new car. If you put a significant amount of money down, it can allow you to have lower monthly payments to ensure the purchase is affordable and is within your budget.

Perform Maintenance or Repairs

Tax season is a great time to perform maintenance or repairs on your vehicle to keep it running long-term. With the money you receive back from the government, you can make your vehicle drive better and increase its overall value. This can allow it to last longer and will reduce the risk of issues that can develop under the hood as you spend time on the road each day.

You can reach out to our sales representatives to learn additional ways you can use your tax return to purchase a new or pre-owned vehicle after you file your taxes.