3 Reasons to Use your Tax Return to Buy a Hyundai

February 15th, 2023 by

Tax season can be a source of dread or joy but for most taxpayers a yearly tax refund comes with important financial decisions. Save it? Spend it? Pay off some debt or maybe make your next big purchase? The choices are endless.

If you’re fortunate enough to get a tax refund, investing that money into a new vehicle is always a smart choice. Here are 3 reasons why it’s a smart idea to use your tax refund on your next Hyundai.

  1. Tax Refunds are Great Vehicle Down Payments

Your tax refund is a great way to have a down payment ready for when you want to buy a vehicle. It can help reduce out-of-pocket expenses and fees.

If you have a lower credit score it can be hard to get approved for a loan, but your tax refund can make a difference when it comes to financing. See how much your tax refund can cover and get pre-approved today!

  1. Lower Your Monthly Payment and Save on Interest

Your tax return can still save you money even if you don’t have an issue getting a loan. Putting extra money down can help lower your monthly payment, as well as save you money on interest. A general rule is that for every $1,000 you put down; your monthly payment will drop by about $15 to $18. Plus, with generous promotions and discounts on leases and financing, you can get into exactly what you’re looking for.

  1. Get into a Better Vehicle

Patrick Hyundai inspects and services every vehicle on our lot to reduce the cost of repairs. With the added buying power from your tax return, you’ll be more likely to purchase a vehicle that has been inspected, serviced and warrantied then resort to buying a cheap car from a private seller. Check out our inventory.

Whether you have already received your refund, or it’s still being processed, our friendly staff at Patrick Hyundai will help you through the car buying process and make sure you have a positive experience. Stop by at Patrick Hyundai 1020 E. Golf Road in Schaumburg and we’ll help you find the perfect vehicle for your needs.

Posted in Car Buying, Hyundai, Tips