Not Sure What To Use Your Tax Refund For? AutoMax Can Help

Spring doesn’t just mean the days are getting longer and temperatures are getting warmer. For most people, this time of year also means one thing- taxes. That knock from Uncle Sam isn’t always one of dread, however. In fact, tax time is often a time of the year people look forward to what can be substantial tax refunds. The Internal Revenue Service says refunds average $3,000 each year. Obviously there are a lot a variables to arrive at this figure. But how far this returned income goes is up to you and how you plan to use it.

Haven’t thought how you’ll use this year’s tax refund? In need of a vehicle or ready to upgrade? At AutoMax, using your tax refund can help lower your payments or set you up to make your monthly payments on a used vehicle from our lot. Whether it’s a down payment on one of the used vehicles or you’re using it towards a monthly payment plan, we’re here to help. Our financing experts at the North Carolina family-owned buy here pay here dealership are focused on the community and finding affordable vehicles through our programs.

What are your options to use your tax refund on?

buy cars with tax refund

Tax time is a great time to be in the market for a new car with a refund. But take it a step further. What if you need a car before tax time? When life happens, we don’t always have the luxury of waiting to execute the ideal or perfect plan. Life happens whether we plan for it or not. If that affects your access to reliable transportation, that can often have a crippling effect on other aspects of your life. Tax season can be a perfect time for a bonus, especially if you’re in a pickle with a vehicle. Our team at the buy here pay here AutoMax in the Raleigh-Durham area is here to help get you into a car you love and can afford, and through our programs, we can get you in a vehicle today.

$89 down program

How do you know you’ll be receiving a refund this year and for how much? AutoMax is offering to pay your tax prep up to $300 if you take part in our deferred seasonal payment program. What that means is if you qualify and need a car today, we’ll do what we can to make it happen. After your tax preparation is completed, for $89 down we’ll apply your refund to the down payment of your vehicle once it’s received. Not only will that help you get into the car of your choice today, but by applying a down payment to your vehicle you’ll also lower your monthly payments. But how does this program work?

  • Bring in your most recent pay stub that shows tax deductions and year-to-date totals
  • Bring this information for every job you worked in 2018.
  • Using these pay stubs, our in-house financial team will calculate the estimated tax refund you could receive from the IRS using the Tax Refund Services’ estimator.
  • Using this amount, AutoMax will then defer a percentage of your estimated tax return to be paid when you receive your refund check.
  • Payment must be made before March 15, 2019.
  • If you’re a customer who uses the program to defer an amount greater than $1000, you’ll have your tax preparation completed free of charge by Tax Refund Services (TRS) at AutoMax. Bonus!

Pay off or pay down your existing loan

Have a chunk of payments left on your vehicle? Think about using that refund to help payoff the remaining balance. What that means for you is not only building and improving your credit, but it also means having the relief of no longer having monthly payments. Furthermore, it sets you up in a better position financially if you’re looking to upgrade your vehicle with AutoMax or trade-in your vehicle on another in our inventory. Making an extra payment or paying down the balance means you pay off your loan sooner, reducing your balance and the amount of interest you pay overtime. Contact our specialists at the buy here pay here dealership in Youngsville or Henderson to help you figure out the best option and financial route.

Make a large down payment on your vehicle

Larger down payments on a used vehicle means easing monthly payment amounts and helping you and your budget over time. Not only are these lower payments easier to manage, but they’ll help set you up for financial success through allowing you to save more or cover other bills month-to-month. Not only is it an option providing flexibility in spending and saving, but it also eases monthly pressures that can affect your credit score. By making payments on time each month, you will have the opportunity to build on your credit score, potentially repairing it from any past financial hardships.

If you’re looking for a car today, our tax refund programs are the perfect option. You don’t have to wait for Uncle Sam to get their paperwork together, work with one of our financial specialists to estimate your refund and see if you qualify for one of the many cars in our inventory. As a family-owned dealership in North Carolina, we’re here to help our friends, families and neighbors find affordable and reliable vehicles. As a buy here pay here dealership, AutoMax can offer no credit or bad credit loans to customers who have financial challenges in the past. The incentives of our tax programs are because we don’t believe your past financial hardships should decide your future and hold you back from a reliable vehicle that is Carfax-certified. Ready to get started? Contact us or visit one of our locations to speak with a member of our experienced team.

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All tax, title and vehicle registration fees are additional. See dealer for complete details.