It’s tax season once again and your refund will be coming in soon. There are many ways to use your refund, so this year put your refund towards a smart investment and upgrade your vehicle. Whether your car is breaking down or you’re paying too much at the gas pump, there’s plenty of reasons to finally make that upgrade. Monthly payments for a used vehicle might not sound ideal to you, but consistent repairs on a less-than-reliable car can end up being very similar to monthly payments.
Tax refunds in recent years average around $3,000, according to the IRS. Most people don't plan a refund within their budgets, and because of that, it leads to the idea of your refund being more of a bonus or something to splurge with. Instead of wasting your refund on something unnecessary, why not use it on something you need and use daily? You might be curious about how using a tax refund could affect financing a car. Let’s break it down a little to show you what kind of difference a tax refund might make when financing a vehicle with F&M Auto Sales.
That chunk of change can provide you with a great down payment on your next ride. Your refund can go a long way toward covering the typical 12 percent down payment on the average price of a vehicle. It’s smart to put between 10 to 20 percent down on a vehicle, and being able to put down a larger amount of money will drop your monthly payment and provide useful savings on interest charges!
You don’t have to use all of your refund on the down payment. Another option is saving your refund to use as a head start on your payments. A refund of $3,000 could be used to help you make up to 11 payments of $269. That covers almost a year’s worth of payments! That’s a pretty great start.
F&M Auto has teamed up with over 30 lenders so that we can offer you fast and secure financing. Our specialty is placing you into a program that fits your auto financing needs. No matter your credit history, we are happy to work with you and get you approved. We make getting financing so easy! All you have to do is fill out our
secure online application. Within no time you’ll get an approval that’s good for days. At F&M Auto, you can get approved for payments as low as $150/month. Or if you don’t want to finance, you certainly don’t have to! Instead, use your tax refund to purchase a vehicle with a cash deal.
We’ll help you invest your refund wisely and get you driving the vehicle you want to drive and pay for. Browse our
enormous inventory of excellent used vehicles on our website. Used cars, trucks, SUVs, and vans of all makes and models for sale. We carry lots of American-made vehicles like Buick, Cadillac, Ford, Chevy, GMC, Jeep, and Chrysler at the best deals in town! Come in with your tax refund today and treat yourself or a loved one to a quality used vehicle from the dealership proudly serving the entire Metro Detroit area since 2004.
