How to Buy a Vehicle with a Tax Return

Are you thinking about using your income tax return to purchase a new vehicle? Whether you are looking to purchase or lease a brand-new car, tax season is always a perfect time for buying a new car. Most dealers offer excellent income tax season deals. Usually, American taxpayers can receive up to $3,000 in income tax refunds each year. This means that smart car buyers can use this cash money as a substantial payment towards their next car which generally provides customers with low interest rates and even decrease regular monthly payments when financing.

how to use your tax return to buy a car

Purchasing a Car with a Tax Return

If you wish to spend your income tax return on a new automobile purchase or lease, we have some good news for you. The typical income tax refund is typically enough to cover a big part of the down payment. If you’re not wanting to get a new car, you could also utilize your tax refund to pay off a part or the entirety of your existing car loan.

If you have questions about how to use your tax return to purchase a new vehicle we have some suggestions and ideas from our automotive financing professionals.

  • Using Your Income Tax Return Towards a Down Payment:

  • Our automotive financing professionals suggest paying a significant deposit to help you get an auto loan for your next car. Even if you are choosing to lease your next car, having a significant deposit can help lower your month-to-month payments. By utilizing your tax return as a down payment, buyers might get approved for better auto funding choices.

  • Tax Return For Used Car Purchase:

  • While brand-new vehicles certainly have their own set of benefits, a used vehicle is an economical choice for many budget car buyers. With a little bit of research, it is easy to discover a good deal on a pre-owned vehicle. And savvy buyers can use their income tax return as the down payment towards the purchase of that vehicle.

  • Use Your Income Tax Refund On an Auto Lease:

  • Beginning a vehicle lease with a bigger down payment could considerably reduce how much the monthly payment will be. It is very useful also when customers want to prolong the lease since most dealerships will usually allow the customer to extend their current lease with a lower monthly payment on a month-to-month basis.

  • Pay Down Your Current Car or Truck Loan:

  • Using your return to settle an existing automobile loan is always an outstanding idea. Customers can use that extra money to considerably decrease the balance on their existing car loan. And they can do this either by making a couple of extra payments or by paying off the balance in full. Paying off or considerably lowering the remaining balance will lower the amount of interest that would have been paid with time.

How to Buy a Vehicle with a Tax Return | Sterling McCall Lexus Clear Lake

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Sterling McCall Lexus Clear Lake

18160 Gulf Freeway Houston, TX

Phone: (281) 853-1400


Phone: (888) 292-3971

18160 Gulf Freeway Houston, TX


Phone: (281) 853-1400

18160 Gulf Freeway Houston, TX


Phone: (888) 292-3971

18160 Gulf Freeway Houston, TX
29.556197 -95.158199
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Sterling McCall Lexus Clear Lake
Sterling McCall Lexus Clear Lake
18160 Gulf Freeway
Houston, TX, 77546 US
(281) 853-1400
Sterling McCall Lexus Clear Lake 29.556197, -95.158199.