If you've been meaning to buy or lease a new car, truck, or SUV, tax season is a perfect opportunity. Many American taxpayers get enough cash back during this time to help them secure the vehicle they've been needing.

Ways to Use Your Income Tax Return Toward a New Vehicle

If you're unsure of which way to best use your tax refund toward a vehicle, we have some suggestions below that may steer you in the right direction.

Use Your Tax Refund Toward A Down Payment

If you're wanting to buy a new car, truck, or SUV, you can utilize your tax return to pay a considerable deposit toward the purchase or lease. A significant down payment can help decrease your monthly payments for vehicle purchases.

Consider Buying a Pre-Owned Vehicle With Your Tax Return

Though brand-new vehicles have their own advantages, purchasing a used car is a great option for those looking for a more affordable vehicle range. Customers can feel confident in our selection of preowned vehicles as each one must pass our team's safety and performance check.

Service Your Existing Vehicle

Maybe you already have a vehicle you plan on keeping, but it just needs some repairs or maintenance work. Using your tax return income to service your vehicle and get it up to par is a great way to prolong its life expectancy.

Pay Off An Existing Loan

If you have an existing vehicle loan, you can use your tax refund to significantly reduce the balance owed. This can be done by either making a few extra payments or by paying off the remaining balance in full. Doing this can sometimes lower the amount of interest that would have been paid over time, depending on the details of your loan.

If you have any questions about ways you can utilize your tax return toward a new or used car, don't hesitate to get in touch with one of our friendly sales representatives.