Does your Riverside garage need a scenery upgrade? Take advantage of your tax refund when you want a new or new-to-you vehicle. Why should you use a tax refund for a car purchase? It’s a windfall that comes once a year after filing your income tax return. And once you get your refund, it might seem like a great way to invest in a car, truck, or SUV.

See how to buy a car with your tax refund with our guide from the finance team at Nissan of San Bernardino. You’ll have an easier time upgrading your ride. We’ll show you how to use a tax refund for a down payment on a car and how to get a car with your tax refund. Our team is happy to help in any way we can!

Before you sign on the dotted line, make sure investing in another vehicle is a prudent course of action. First, calculate what you can afford after filing your tax return. Our payment calculator lets you see what a monthly auto payment could be for your Redlands garage. Remember, your tax refund can lower an auto loan amount but probably not pay for an entire vehicle from our lot. Get ready for a sizable down payment!

What other debts do you have? What’s your current financial situation? Maybe only part of your tax refund should go towards your car purchase. You could still get a very good car with your tax refund, just not as much as you previously thought after assessing your financial situation.

Your tax refund might only pay for part of the price of a car. The average refund from filing a tax return is typically around $2,000. But you can still have some financial advantages when using your tax refund to pay for a vehicle. Using your tax refund for a down payment on a car can lower the loan amount you’ll need for the full purchase price. You’ll get better interest rates, have a lower monthly payment, and improve your credit history if you can pay off the loan on time.

A down payment saves you a significant amount of money on an auto loan for your car, truck, or SUV. If you don’t want to purchase a new vehicle, use your tax refund for a down payment on a new car lease. Our finance center can help iron out the details.

Consider paying off your current auto loan with your income tax refund. You’ll have a better financial situation later when you apply for financing with our team. You could also get a better vehicle next time!

Ready to get behind the wheel? Contact us or call (951) 410-8224 to schedule a test drive with our team. We’re happy to help you redecorate your Fontana garage.