Use Your Tax Return To Buy a Car - Kansas City, MO

Use Your Tax Return To Buy a Car

Ways to Use Your Income Tax Return Toward a New Vehicle

If you're planning to buy a new car, now is the time to get started. The average tax refund is around $3,000, which is enough to knock down your monthly car payment and help you drive away with a better deal.

Use Your Tax Refund Toward A Down Payment

Make a down payment with your tax refund. If you're planning to buy or lease another vehicle, use the funds from your tax return as a down payment. A larger down payment can lower your monthly payments and help you save on interest throughout your loan.

Consider Buying a Pre-Owned Vehicle With Your Tax Return

Instead of buying a brand new car with your tax return, consider buying a pre-owned vehicle instead. These cars tend to come with lower price tags and better warranties - be sure to check the fine print carefully before making a purchase.

Service Your Existing Vehicle

There are several reasons why it makes sense to stretch your budget, keep what you have, and invest in a few necessary repairs. Even if you're looking to buy the latest model of car that you've been lusting over, sometimes the best investment is an older version of it. By servicing your vehicle, you'll be sending it well into the future with less to fix and more in its tank.

Pay Off An Existing Loan

Pay down debt. One of the best uses for any extra cash on hand is to reduce outstanding debt. If your credit card bills are out of control, putting your tax windfall toward paying them down means you'll never have to pay interest on those balances again. The same goes for other types of debt, like auto loans and student loans, although these typically carry lower interest rates.

So give us a call today or stop by our dealership and see how you can use your tax return to buy yourself a brand new car. And, who knows? Maybe that new car will be the one thing you need to get yourself out of debt, get yourself on a path to financial security and financial success.

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