How to Use Your Tax Return on a New or Used Vehicle Purchase at Sangera Subaru

Tip #1: Use Your Refund as a Down Payment

The beauty of buying a car is that, unlike other groceries, you don't have to pay the full amount in cash when you sign your deal. A good way to maximize your refund is to put money down on a new car and bank the rest to use on monthly payments or maintenance. Depending on your financial situation, you may not have to pay as much out of pocket when signing. However, the more money you put down, the better your chances are of qualifying for a loan with low monthly payments, low interest rates, or both.

Tip #2: Consider Leasing

Leasing a new Subaru is a great way to enjoy some of the latest technology while paying less overall. Lease contracts are temporary and only cover a fraction of the vehicle's overall value, so you will not pay as much monthly, and you can also find some low-monthly-payment lease deals available as well. Throughout the contract, the leased Subaru remains covered under warranty, making repairs and upkeep costs mild and manageable.

Tip #3: Invest in Your Current Car

If you have an old car to trade-in, you can combine your trade with your tax return and save big. However, before you do so, it may behoove you to put some of the money into caring for your current car to secure the maximum return on it. You can use your return to invest in maintenance costs, which might be overdue, or paying off an existing car loan. If you previously drove a Subaru around Delano, it might qualify for the Guaranteed Trade-in Program, so to get a better deal, consider investing in your old car to ensure it retains as much resale value as possible.

Tip #4: Consider Buying Used

A great way to get the most for your money on a car is to buy a used one. Used cars are not only more affordable, but they can also be generally easier and cheaper to finance. Applying for a loan on a used car gives drivers with less-than-perfect credit more of a chance to qualify for a low-interest car loan. Our pre-owned inventory has plenty of high-quality choices available, including used Subaru models near Porterville, CA, certified pre-owned choices, and off-brand used cars, each kept in exemplary care by our service team.

Tip #5: Have a Good Spending Plan

It might go without saying, but above all, be sure to wait for the actual tax return check to arrive in the mail or be deposited into your account. It is essential that you know exactly how much you're getting back on your taxes before you make any major investments like in a new car. When you do get the check, take a minute to balance your budget and see how much of your refund you might need to bank for other expenses. Once you know your limits, you can make a wise and informed decision on your future car.

Visit Sangera Subaru Today

We invite you to learn more about all the products we have to offer at Sangera Subaru. A new or used car from our dealership can be a worthy investment in your future, so when you receive your return, contact us for a test drive visit our store in Bakersfield, CA to learn more about your best options moving forward. When you visit us for a test drive, our financing center can help you further by answering all your questions about the auto loan or leasing processes. Our dealership is proudly serving the Tehachapi, CA area and we look forward to working with you!