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7401 S IH 35 Frontage Rd, Georgetown, TX, 78626

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Dealership Info

Phone Numbers:Online Showroom Hours:
  • Mon - Sun12:00 AM - 12:00 AM
    (Always Open for Online Shopping)
Sales Hours:
  • Mon - Fri8:30 AM - 7:00 PM
  • Sat9:00 AM - 6:00 PM
  • SunClosed
Service Hours:
  • Mon - Sat7:30 AM - 6:00 PM
  • SunClosed
Parts Hours:
  • Mon - Sat7:30 AM - 6:00 PM
  • SunClosed

Purchasing a Car with Your Tax Return

Are you thinking about using your income tax return to purchase a new vehicle? Whether you are looking to purchase or lease a new car, truck, or SUV, tax season is always a perfect time for upgrading your ride. Many car dealerships have fantastic tax season specials. Typically, American taxpayers can receive up to $3,000 in tax returns each year. This can mean smart car buyers can use this windfall as a good deposit towards their next vehicle which generally provides customers with low interest rates and even reduce monthly payments when financed.

how to use your tax return to buy a car

Buying a Car with a Tax Return

If you want to spend your income tax refund on a new automobile purchase or lease, we have some excellent news for you. The average refund is typically enough to cover a big part of the down payment. If you’re not wanting to get a new vehicle, you could also use your return to pay off a part or all of your existing car loan.

If you have questions about how to use your return to get a new car, truck, or SUV we have some suggestions and tips from our automotive financing professionals.

  • Using Your Income Tax Return For a Down Payment:

  • Our automotive financing specialists suggest paying a considerable down payment to help you get a car loan for your next car purchase. Even if you are opting to lease your new car, having a considerable deposit can help lower your monthly payments. By utilizing your return as a down payment, purchasers may get better vehicle funding options.

  • Income Tax Returns For Used Vehicle Purchase:

  • While new cars have their own set of benefits, a used car is a cost-efficient choice for many budget car shoppers. With a bit of research, it is easy to discover a great offer on a used vehicle. And smart buyers can use their tax return as the down payment towards the purchase of that car.

  • Use the Cash Towards a New Car Lease:

  • Starting an automobile lease with a bigger down payment can significantly reduce how much the month-to-month payment will be. It is very beneficial also when customers want to prolong the lease because most dealerships will typically allow the customer to continue their existing lease with a reduced monthly payment on a month-to-month basis.

  • Pay Down Existing Car or Truck Loan:

  • Using your return to settle an existing automobile loan is an excellent idea. Customers can make use of that extra money to substantially reduce the balance on their existing automobile loan. And they can do this either by making a few extra payments or by paying off the balance completely. Paying off or significantly decreasing the remaining balance will decrease the amount of interest that would have been paid with time.

Purchasing a Car with Your Tax Return | Mercedes-Benz of Georgetown

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(855) 488-4052

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7401 S IH 35 Frontage Rd • Georgetown, TX 78626

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Today's Hours:

Open Today! Sales: 8:30am-7pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

Mercedes-Benz of Georgetown 30.580803, -97.691462.