How to Use Your Tax Return on a Car

The majority of Americans get a tax refund each year. In fact, according to the Internal Revenue Service, the average refund is about $3,000. While this is technically your money that is being returned to you, people tend to look at tax returns as a sort of well-earned one-time-a-year bonus, which they put toward a major purchase or paying off their bills. Your tax return is also a great way to make possible your goal of getting into a new car, truck, or SUV.

Tax Return on a Car

Down Payment

There are a few ways you can use this money toward the purchase of a vehicle. The first is to use it as a down payment on a new or used car at Blackburn Nissan. It can typically take months to save up for a down payment. Your tax return, however, does this for you in one lump sum.

Drive-Off Payment

Another way to use your tax return on a car is to make a large drive-off payment on a new lease. With a larger up-front payment, you could potentially lower your monthly lease payments giving you an amazing new car to drive without paying a lot.

Current Car

If you aren’t in the market for a new car, you can still use your tax return money on your current car. Perhaps it needs a new set of tires or it has been having some mechanical problems. Use those funds to whip your car into shape again.

Having a sizable tax return is a fortunate problem to have, and we’re more than happy to help guide you in the direction that makes your money do the most work for you. To see what new Nissans might be most deserving of your hard-earned money, stop into Blackburn Nissan.