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!
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