Maximizing Your Tax Refund for a New Car

It’s tax season, which means many College Station drivers are filled with apprehension at finishing their tax return, as well as anticipation at their coming tax refund. How will you spend yours? You can find plenty of ideas online, and you might even have some of your own, but one of the savviest investments you can make with a tax return is a new vehicle from Hyundai of Brenham.

You still want to be smart about using your tax return for a new car, which is why we’ve written this article. Follow the steps below to maximize your tax refund for a new car, then contact us to schedule a visit to our Brenham showroom.

1. Determine your budget. Evaluate your tax refund and set a clear budget for your new car. You could use your refund to make a hefty down payment or even pay completely for an affordable used model.
2. Research your options by searching through our Hyundai information hub—we have articles for our models’ sizes, performance specs, technology features, and more.
3. Prioritize your needs over your wants: think about what you really need in your daily commute versus what you’d like to have. Prioritizing your needs can help you stay within your budget and make a better investment.
4. Explore our financing options. At Hyundai of Brenham, we offer a variety of financing options, from traditional auto loans to leasing options and special offers. Our finance team can also help you understand your budget and how to make the most of your tax refund.
5. Get pre-approved for financing by using our online tool to strengthen your negotiating position at the dealership.
6. Trade in your current car to further reduce the price you pay for your new car.
7. Explore tax credits and deductions. You may save even more by taking advantage of federal and state-level tax credits for certain vehicle classes.
8. Take advantage of our dealership promotions. Many dealerships run special promotions during tax season to sweeten the deal for Bryan drivers looking to spend their refunds. 
9. Schedule a test drive to see your next car’s interior comfort and tech features in person as well as feel its performance for yourself.
10. Plan for future expenses. The total ownership costs of a new car include more than just your refund-boosted down payment. Insurance and registration, fuel and maintenance costs, and depreciation are all factors to consider when buying a new car.

Thanks to the financial boost from your tax refund, tax season can be an excellent time to purchase a new Hyundai near Navasota. Maximize your refund and drive away in a new car that suits your needs and finances perfectly by working with the team at Hyundai of Brenham today.