Tax season is here, and even though that means paperwork and headaches, it also means that tax refunds are right around the corner. Knowing what to do with that refund can be difficult, but if you are in the market for a car, it can be incredibly helpful. Here are three ways you can use your tax refund at Blaise Alexander Mazda of State College.
New Car Down Payment
If you are in the market for a new Mazda, one of the best ways to spend your tax refund is by boosting your down payment. A higher down payment will decrease the amount of money you have to take out and make your monthly loan payments lower. It can also be a factor in helping you get a lower interest rate overall.
Buying a Pre-Owned MAZDA
Another option for your tax refund is to help with a pre-owned model. Depending on the exact vehicle, your refund might be able to help you fully pay for the car or provide a sizeable down payment. That large down payment can really help to lower your interest rate, which is critical since pre-owned car loans typically have a higher rate than new car loans.
Covering Taxes and Fees
Every car deal comes with taxes and fees; that’s reality. However, you can feel a bit better about it if you use the money you already paid the government (your tax refund) to pay them again.
Test Drive a New MAZDA in State College, PA
Whether you are looking to buy a new Mazda vehicle or a pre-owned model, leveraging your tax return for a better deal is always a good idea! If you have specific questions or just want to learn more, contact our team at Blaise Alexander Mazda of State College.
