How to use tax refund for new car

 Using Your Tax Refund to Purchase a Vehicle In North Brunswick Township

Tax season will be upon us soon! This means many people across the country will be receiving their tax refunds in the mail or directly in their bank accounts. Many of our drivers have found that tax season, and these refunds, are perfect to use towards purchasing a vehicle!

So what are the ways you can use your tax refund?

As a Down Payment

If you are pursuing purchasing a new vehicle then you will need to put down some money before you are able to go further. A larger down payment means your monthly payments will generally be lower than they would be if you put the minimum amount of money down. This makes the entire purchasing process smoother, more efficient, and easier for you.

You will have to decide whether you want to save your tax refund, and be okay with a higher monthly payment, or if you want to put more of your tax return towards that down payment.

Towards a Used/Bargain Vehicle

You can also use your tax refund towards a used vehicle or one of our vehicles under $15,000 (our bargain inventory). These vehicles are affordably priced, making attaining them that much easier! All of our vehicles are reliable on the road, too, and many are from recent years. Your tax refund can make a sizable dent in the price tag of these vehicles, or even entirely cover it in some cases! In other words, used vehicles are a great way to safely invest in a reliable vehicle.

Pursue a Lease

If you are someone who may be interested in leasing a vehicle, then you can also use your tax refund towards that endeavor. Leasing can actually be more affordable on a monthly basis than financing a vehicle, but you do not own the vehicle and you do have to abide by certain mileage parameters. Still, you can get an excellent vehicle affordably if you put your tax refund towards the down payment needed for the lease. Our financing team can also help you figure out whether or not leasing is a good option for you based on your lifestyle and your personal budget!

Pay Down Your Current Loan

If you have already purchased a vehicle and you are currently making payments on it you can always use your tax refund towards paying down your loan. This will help you pay off your vehicle more quickly, helping you and your budget that much more.

Why Do So Many People Use Their Tax Refunds for a New Car?

Well, when you consider how much you often get back in your tax refund, and you consider the costs associated with pursuing a lease or purchasing a car, the two are closely aligned. In other words, you can use your tax refund to get your dream vehicle efficiently and affordably.

Here at DCH Brunswick Toyota, located in North Brunswick Township, NJ, we pride ourselves on our huge selection of high quality Toyota vehicles and our customer service. If you are in the market for a new vehicle, then you may want to check out our new inventory!

A Plethora of Models to Choose From


As we mentioned before, we are proud to have a wide array of new Toyota vehicles available for you to test drive and purchase! No matter what kind of body style you are looking for -- sedan, truck, or SUV -- we can accommodate your needs. Furthermore, all of our vehicles are reliable on the road, versatile in a number of capacities, and outfitted with the latest, most cutting-edge technology available.

Furthermore, all of our vehicles are competitively priced. This means you can confidently invest in a vehicle knowing that it will be able to provide you with the performance capabilities you need on the road.

Our Financing Team Can Help You Use Your Tax Refund the Right Way!

After you have found a vehicle that you like, and you have taken it out on a test drive, it is time to explore your financing options! Our team of financing experts are here to help you through the entire process so you get the most beneficial payment plan. They can help you decide how to use your tax refund to your benefit during the purchasing process!

We Are Here to Help, No Matter What You Choose!

This is a big decision and we know how difficult it can be to make, especially if this is your first time using your tax refund towards a vehicle. However, with our team (who has decades of collective experience) and our selection of high quality Toyota vehicles we are confident you will be able to find the kind of vehicle you need to be successful on the road -- and we are confident you will be able to do so affordably, efficiently, and enjoyably!

Have Any Lingering Questions?

This is a lot of information to take in, so feel free to take a few minutes and review it. When you are ready to take the next step forward, we will be here to help you.

If you have any questions about our Toyota vehicles, or how you can use your tax refund, we invite you to visit us at DCH Brunswick Toyota in North Brunswick Township, NJ. We would be more than happy to assist you with all of your automotive needs and answer all of your questions.

We are proud to serve drivers throughout East Brunswick, Edison, Perth, Amboy, Old Bridge, and Piscataway.