The Best Way to Use Your Tax Refund At a Buy Here Pay Here Dealership
Tax refund season is here, and that means you have the chance to flip your refund and use it for a reliable whip that will get you through winter.
Even just a little bit of your tax refund makes a good down payment at our buy here pay here car dealership. Let’s explore how you can make the most of your refund while shopping for a new-to-you ride at Quick Auto.
What Is a Tax Refund?
You might see your tax refund as suddenly coming into money, but in reality it’s basically the government repaying an interest-free loan to you.
A tax refund is just the federal or state government reimbursing you for paying too much in taxes out of your paychecks.
Your refund may also be due to certain tax credits, like child tax credits, which you get for each child you have majority custody of.
You get your tax refund every year after filing your taxes. You’ll need documents like your W-2 from every job you worked during the previous year; for example, to file your taxes in 2025, you’re actually providing information from all of 2024.
Your tax refund can come to you as a check in the mail, which you can cash or deposit into your bank account. Or, it may be direct-deposited into your bank account if you have that option.
Smart Ways to Spend Your Tax Refund At a Buy Here Pay Here Dealership
Making a substantial down payment at buy here pay here car dealerships can lower your weekly or monthly payments. When you put more money down upfront, you’ll benefit from lower recurring payments throughout your loan term. That’s a smart way to use your tax refund.
Consider strategically splitting your tax refund. Use some for your down payment, and pay up on your car insurance at the same time. This way, you are legal and ready to drive for a long time when your purchase is complete.
Get your refund as early as possible in the season so you aren’t competing with other people who like the same cars you do. If you have your eye on a flashy model with chrome trim at a buy here pay here dealership, you can bet other buyers do, too.
Don’t wait for them to get their tax refunds back in March or April. One-up them and get there sooner, so you can spend your refund on exactly what you want and have the most choices.
Buy here pay here car dealerships know that tax time means it’s car-buying season. Good dealers get ready for this and expand their inventories so you have more to choose from. This is another great reason to shop for a new-to-you car during tax refund season.
You Don’t Need to Spend Your Whole Tax Refund On a Buy Here Pay Here Car Down Payment
Unlike traditional financing that requires a big down payment in order to qualify for a loan, buy here pay here dealerships offer in-house financing even if your down payment is small. You can often see just how much money you’ll need for a down payment when you browse their car listings. Good dealers let you know in advance instead of keeping it a big secret.
Good dealers will also tell you everything you need to know about your car loan, so before you drive off the lot, you know how much to pay, when to pay it, and where to send your payment. If you’re smart, you might even use what’s left of your tax refund to make your first few payments.
Maximizing Your Buy Here Pay Here Experience
When you bring your tax refund to Quick Auto, we’ll help you explore the used cars that fit your budget. Our team will show you vehicles that work with your down payment and your lifestyle - or tell us what you want, and we’ll find it on our lot!
We recommend browsing our online inventory before you fill out a financing application or visiting one of our seven locations across Indiana. Getting pre-approved for a car loan can help you get into a nicer, newer vehicle in as little as one hour.
All you need to bring is:
A government-issued photo ID of any kind.
All your recent pay stubs.
A utility bill sent to your address, in your name.
Your down payment.
Find the Quick Auto location nearest you today and use your tax refund on a reliable ride!
