{"id":541,"date":"2017-03-01T19:46:33","date_gmt":"2017-03-01T19:46:33","guid":{"rendered":"http:\/\/www.dealerfireblog.com\/cardirectvirginia\/?p=541"},"modified":"2017-03-01T19:46:33","modified_gmt":"2017-03-01T19:46:33","slug":"tax-season-auto-season","status":"publish","type":"post","link":"https:\/\/www.cardirectvirginia.com\/blog\/tax-season-auto-season\/","title":{"rendered":"TAX SEASON IS AUTO SEASON!"},"content":{"rendered":"

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It seems as though as soon as people find out how much money they are getting in their tax refund, the first thing they do is start thinking about how they are going to spend it\u2026 A wise choice might be to make a long-term investment for oneself\u2026 and buy a used car or truck.<\/p>\n

It\u2019s a simple fact, tax refunds and car loans are a good match*. \u00a0One of the main reasons is the chance for qualified buyers to use their tax refund for a down payment on a car. The average income tax refund in recent years has been around $3,000, and buyers may decide to use all or part of that check as money down. \u00a0The Consumer Financial Protection Bureau tell us that a down payment may help when purchasing a vehicle because lowering the amount of money that needs to be borrowed may also lower the monthly payment and the total cost of financing.<\/p>\n

Here\u2019s why we think this could be a great idea for you!<\/p>\n

Affordability:<\/strong> Generally speaking, with a used vehicle you\u2019ll get more bang for your buck than you would by purchasing a brand new one \u2013 you are paying a lower purchase price for the same car model used rather than new. \u00a0Someone else already took that big depreciation hit, so you are more likely to get a car and maintain value!<\/p>\n

Lower Long-Term Costs:<\/strong> Typically, when you purchase a used vehicle, monthly interest rates on a car loan for a used car will be lower, resulting in a lower monthly payment. In addition, your insurance rate on a used car is likely to be lower than on a new car.<\/p>\n

Reliability:<\/strong> Today\u2019s cars, trucks, SUVs and vans last longer than they did 30 or 40 years ago.\u00a0 In 2015 (2 years ago!), IHS Automotive reported that the average car driving on American roads had reached a record high of 11.5 years of age. The auto industry think tank also predicts that by 2020, the number of 12-year-old vehicles still in operation will rise by 15 percent.\u00a0 Modern vehicles are built to last longer than ever, which means you can save thousands and expect a long service life from a used car.<\/p>\n

So now you may be wondering how to use that tax refund towards your used car or truck purchase\u2026 well, here\u2019s a quick step-by-step guide that will help you drive away in your new pre-owned vehicle.<\/p>\n

1 \u2013 Get your check from Uncle Sam.<\/p>\n

2 \u2013 Calculate what you can afford.<\/p>\n

3 \u2013 Decide whether you would be more comfortable with applying your tax refund as the down payment or using it to cover monthly payments.<\/p>\n

4 \u2013 Identify what you want and what you can afford within your budget.<\/p>\n

5 \u2013 Visit your local dealership to look at and test drive vehicles.\u00a0 Most can help you with financing as well.<\/p>\n

6 \u2013 Sign on the dotted line and drive away in your car or truck!!!<\/p>\n

At Car Direct, our goal is to help you in finding the right vehicle for you.\u00a0 Check out our inventory page to see what we currently have in stock.\u00a0<\/a> Don\u2019t see what you\u2019re looking for?\u00a0 Give us a call \u2013 that vehicle may be on its way in.\u00a0 If not, we\u2019ll find it for you!<\/p>\n

* These statements are informational suggestions only and should not be construed as legal, accounting, or professional advice, nor are they intended as a substitute for legal or professional guidance. Please consult a tax professional.<\/p>\n","protected":false},"excerpt":{"rendered":"

It seems as though as soon as people find out how much money they are getting in their tax refund, the first thing they do is start thinking about how they are going to spend it\u2026 A wise choice might be to make a long-term investment for oneself\u2026 and buy a used car or truck. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,3,4,5],"tags":[18,20,80,81,90,95],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n