Using Your Tax Refund to Buy a Car
Using Your Tax Refund to Buy a Car
Every April a check lands in your mailbox, it’s your tax refund! That is, the money you earned, then paid, has now been put back in the pocket of its rightful owner. The average federal tax refund is $3000, and deciding what to do with this amount of money can be difficult.
Read more: Using Your Tax Refund to Buy a CarSome will put it into savings, and others may buy groceries with it, but here at Maxkar Motors in Fredericksburg, VA, we know that, if you do it right, your tax refund can be truly life-changing! And we can help you to do it right!
Using your tax refund as a down payment on a quality and dependable used car is a smart decision that comes with multiple benefits, some of which last through the whole year!
Make a Down Payment and Get Better Financing
Putting down a large down payment on a car shows lenders that you’re serious about your intentions and can help you secure a better financing deal for your new used vehicle. It may also allow you to take a step up and get the car you’ve always dreamed of owning!
If, like many others, you have a low or no credit score then using your tax refund as a down payment at Maxkar Motors can make your dreams of owning a quality used car a reality.
We work with over 70 lenders, who offer car loans to people with a broad range of financial circumstances, and making a large down payment means that they may offer you a better rate. We can help you get approved for financing, no matter what your credit score is!
Reduce Your Monthly Payments
When you use your tax refund to make a significant down payment on a used car, it can have a positive effect on your monthly payments, i.e. reducing the size of them. This means that, by using your tax refund as a down payment on a quality used vehicle from Maxkar Motors, you are effectively putting money back in your pocket each month—compared to if you hadn’t used your tax refund to assist you in your purchase.
Quality Used Cars from Quality People
Here at Maxkar Motors, we’ve been in the automotive business for over 15 years. All of our vehicles undergo a 125-point inspection by our in-house mechanics and a reconditioning process before hitting the lot.
We’ve built strong relationships with many of the Capital Region’s top banks and credit unions and use this network of lenders to find financing deals that suit every individual situation, no matter what their credit score may be!
Finally, after almost two years of rises, we’re seeing the prices of used cars begin to drop. This dip won’t last forever, so come down to Maxkar Motors in Fredericksburg, VA, where we can help you get the most out of your tax refund as you use it to purchase yourself a quality used car whose effect on your life you can touch and feel every day!
The used car dealership market in Fredericksburg, VA, is growing fast, and the region is rapidly becoming one of the state’s largest hubs for used cars. This is because an increasing number of consumers are realizing the many advantages of purchasing a used car from a dealer compared with buying a vehicle from a private seller. With time, more and more auto car dealerships in Fredericksburg are opening up, providing people with a greater variety of choices when it comes to high-quality, reasonably priced vehicles. Many dealerships also offer financing solutions for those with poor credit. Here we will discuss the advantages of buying a car from a used car dealership in Fredericksburg vs. buying one from a private seller.
Read more: Advantages of Buying a Car from a Used Car Dealership in FredericksburgWhy Use a Used Car Dealership in Fredericksburg?
Purchasing a car, either new or used, is a big investment that should not be taken lightly. For most people, a car will be one of the most expensive things they ever buy. If you are in the market for a new car you will probably do your due diligence prior to purchase, researching the makes, models, features, fuel efficiency, and safety features of many cars until you find the one that fits your needs. Once you have chosen which type of car you want to purchase, you will set your sights on getting your chosen vehicle at the lowest possible price. You might think you will get the best deal by buying the car from a private seller but: Buyer Beware! There is much more to consider than just the outright cost of the vehicle. Read on to learn the key advantages of purchasing a used vehicle from a dealership.
Advantage 1: Fredericksburg Used Car Dealerships Provide a Vehicle’s History
Whenever you purchase a car from a private seller your only source of information about the car is the seller. A seller has one goal: to sell their car. While there are exceptions, many people selling their used car will claim that they took “extra-good” care of the vehicle and tend to avoid telling potential buyers about repairs, accidents, or similar damages. Some dishonest sellers might lie about how many times the car has changed owners, and others could sell stolen vehicles or vehicles with legal claims against them. Dealers are obliged to share all the information, good or bad, about a car by providing the likes of a CarFax or AutoCheck report. A dealer’s image is based on full disclosure and honesty, and these are the traits that make auto dealerships in Fredericksburg, VA, popular amongst car buyers in the region.
Advantage 2: Purchase from a Dealership to Get Tax Benefits
People are often unaware that they are eligible for trade-in tax benefits when purchasing a used car from a dealership. Trading in an old vehicle when purchasing another regularly amounts to hundreds of dollars in tax savings. When you purchase a car from a private seller this tax benefit is unavailable.
Advantage 3: Reputable Dealers Provide Warranties
One of the main advantages of purchasing your next car through a dealership in Fredericksburg, instead of from a private seller, is that they typically offer warranty protection. When you purchase from a private seller, once you pay for the car and drive away, you are more or less on your own if anything goes wrong. Dealer warranties provide peace of mind and an extra layer of protection should anything go wrong.
Advantage 4: Dealerships in Fredericksburg, VA Generally Offer Car Financing Options
Having poor credit should not stop you from owning your dream car, and many used car dealerships in Fredericksburg, VA, offer financing options to those with poor credit. This means that those who are regularly refused to finance elsewhere could still be eligible for finance through the finance options offered by auto dealerships.
If you do not want to pay the cost of a car upfront it makes sense to purchase from a used car dealer who can offer you multiple financing options, instead of a private seller who will want the payment in full at the time of sale. When you purchase from a dealership you can take advantage of vehicle trade-in credits and available financing options that allow you to spread easily manageable payments out across a period of time.
The Best Used Car Dealer in Fredericksburg
MaxKar Motors has been buying and selling quality used cars for over 10 years. All vehicles are checked by our on-site mechanics, and we offer a full history of all the vehicles in our inventory. We have multiple financing options available, accept trade-ins, and will work with you and your credit to find an auto loan that fits your needs. View our inventory online today at Maxkar Motors or come on down to our dealership on Emancipation Hwy, Fredericksburg, VA, to view what we have on offer.
If you are planning on getting your first car or are looking to exchange your existing car for a newer, more reliable model, you need to go no further than Fredericksburg, VA. Fredericksburg has become a hotspot for people shopping for used cars, and there are many options here to satiate the people’s appetite for car shopping.
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