Making your tax refund work for you in Memphis, TN
Making your tax refund work for you in Memphis, TN
When tax season rolls around, everybody starts thinking about refunds. While the first impulse is often to splurge your refund, many consumers see it as an opportunity to take a much-needed financial step, whether it's paying off a loan or getting behind the wheel of a new ride. Keep reading to find out how you can make your tax refund work for you!
Make a down payment on a new or used car
According to IRS.gov, the average tax return for American families has hovered around $3,000 for the past few years. This could easily translate into a solid down payment for a vehicle, or at least give you the boost you need to finally make a purchase.
Buy a used vehicle outright
The obvious appeal of used vehicles is their affordability. And while it may not seem feasible that you can find one for as low as $3,000, they're still out there! In fact, here at Chuck Hutton Toyota, we have a great selection of used vehicles priced under $15,000. There's something on our lot for every budget.
Pay off your current car loan
If you're still chipping away at that car loan you took out over a year ago, your tax refund could give you the perfect opportunity to pay it off! Even if you owe a good chunk, putting your refund towards the remainder of your loan can go a long way, which ultimately leads to more peace of mind for you.
Take care of other expenses
If you happen to be content with your current vehicle, there are still plenty of car-related expenses you can use your tax refund on. Whether it's a new sound system on your otherwise reliable old Toyota Corolla, saving the money for potential repairs down the road or splurging on accessories, the options are endless. We're here for you, no matter what choice you make.
To find out more, contact us today or stop by our dealership to see our inventory in-person at 4601 Hutton Way, Memphis, TN 38116. We look forward to serving our customers from Memphis, TN, Southaven, Whitehaven and Goodman Road Area.