How to Use Your Tax Refund on a Car Purchase

Did you know that the average federal tax refund is about $3,000? That means that many Americans have a fair amount of their money coming back into their pockets. It also begs the question of what to do with that money once you have it. One way that drivers in the Chandler area take advantage of their tax refund is by using it to purchase a vehicle. Using a tax refund for a car purchase can help you get ahead of the game if you're in need of an upgrade.

Use Your Tax Refund as a Down Payment for a New or Pre-Owned Vehicle

Drivers in the Phoenix and Scottsdale areas that are interested in a new Porsche Cayenne or Macan SUV, Cayman or 911 coupe, or a Panamera sedan can use their tax refund for a down payment. A hefty down payment helps to ensure that you can secure an auto loan with favorable terms. If you're a pre-owned Porsche shopper there is good news for you too. We have a wide selection of popular pre-owned models like the 718 Cayman, Cayenne E-Hybrid, and Panamera. Using your tax refund to place a substantial down payment can help you avoid being upside down on during the life of your loan.

Using a Tax Refund for a Larger Drive-Off Payment on a New-Car Lease

Drivers in the Tempe area that prefer the flexibility of leasing a new Porsche coupe, sedan, or SUV can take advantage of their tax return as well. Utilizing the extra cash coming into your pocket when you start a new lease can give you favorable leasing terms. Spending more money at the beginning of your lease will help to lower your monthly lease payments. Not only do you save more money on a monthly basis but you still get the great flexibility of leasing which includes the ability to upgrade to a new model at the end of your lease.

If you're in the market for a new or pre-owned vehicle this tax season be sure to consider how you use your refund in the Mesa area. Here at Porsche Chandler we are committed to helping you find the perfect solution when it comes to new or pre-owned Porsche coupes, sedans, and SUVs. We look forward to seeing you this tax season right here in Chandler!

Tags: Tax Returns

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