Tax season can be stressful, but you also have the benefit of a tax refund. Plus, it can be the perfect time to shop for a new Mazda car or SUV. We’re sharing all the reasons that tax season is the best time to buy a new vehicle at Tumminia Mazda.
Cash for a Down Payment
With a tax refund, you could have extra funds available for a down payment. Experts typically recommend that you make a down payment of at least 20 percent on a new purchase. This limits how much you need to borrow, so you won’t owe as much interest on your new vehicle. Plus, you’re less likely to develop negative equity in your purchase.
Cover Additional Expenses
Your tax refund is also helpful when it comes to your vehicle’s additional expenses. Auto registration can sometimes be forgotten, but you can use your refund to cover the additional expense. If you prefer, you can even use your refund to pay your taxes and fees upfront, rather than add them to your loan and owe even more interest.
Manufacturer Incentives
It’s not uncommon for taxpayers to want to use their tax refund on a new car, and manufacturers recognize this. They often offer incentives and even cash bonuses to influence you to direct that refund towards one of their vehicles. Eligible buyers may even be able to secure a new loan with an Annual Percentage Rate (APR) of zero percent.
Shop Our New MAZDA Inventory in Olathe, KS
With additional cash flow and competitive manufacturer incentives, tax season can be the perfect time to buy a new Mazda vehicle. We’d love to help you take this time to upgrade to one of your own. Visit Tumminia Mazda to shop today!
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