Most Americans that file their taxes will receive some sort of refund. For some Americans, this refund will be thousands of dollars. If you’re getting a sizable return this year, you can spend your tax refund at Randall Mitsubishi. This is a great, easy way to get a down payment in a lump sum.
Industry experts recommend a down payment for a new car to be at least 10%. If your tax refund is $2,000 or more, you could easily have more than you need. With a larger down payment, you won’t need to finance as much of your car purchase. This means your monthly payments will be lower and you could potentially get a lower interest rate.
If you don’t want to buy a brand new car, you could also use your refund towards a great used car. Here at Randall Mitsubishi, we have a great inventory of affordable, quality pre-owned cars.
A third option for using your refund could be doing some serious maintenance or upgrades on your current car. If you’ve been putting off expensive repairs, use your refund to get your car in tip-top shape. Get a new set of tires, get your car detailed, get a major tune-up, or whatever it is you need to rekindle your love for your car. Schedule a service appointment at Randall Mitsubishi today.