spending your 2015 tax refund on a used car
So you just did your taxes and you are expecting a tax return that gives you a few dollars back that you didn’t have before. That’s exciting! It might not be a lot, but many people like us tend to use that money to fix up a car that needs maintenance or to look at buying a newer vehicle. We’ll tell you about spending your 2015 tax refund on a used car.
Not many of us get a tax refund that is big enough to buy a new car. However, the average tax return (around $3,000) tends to give people enough grease in their wheels to think about a down payment on a used car. Is this a good idea? Here are some things to consider:
Dealerships know about tax returns.
The secret is out. People who work at car dealerships are probably just as excited about their tax return as you are. So, they are looking for people like you to come to the lot and look around with your refund money burning a hole in your pocket. Try and be careful to do your research instead of jumping on the first good deal you see.
Check out certified pre-owned vehicles or spend some time doing a little reviewing your purchase before putting the money down. You might end up wishing you had gotten a better deal.
Dealerships use tax return season to sell cars.
So, they know you have tax return dollars, but they also know that they want to sell cars. This can be a good thing for us! A used car dealership is more likely to have cars at lower prices and better deals around this time because they know people like us are out there looking.
Want to see what we have in inventory? Check this out!
So, is it the right time for you to get a newer vehicle? It sure is nice to have the tax return money to use, but make sure that you find the right car for you. We, at Palmen GM, want to help our customers find the perfect vehicle. Contact us here to set up an appointment!
