Wednesday, February 6, 2019

Spend your tax refund on a new car

It’s the beginning of tax season. This is a time many people look forward to all year because of their tax refunds. Some people have what they are going to spend it on in mind months before tax season. There are many things you can use your tax refund for. You can get new furniture, a new TV or use it for household spending. Many people do not save their refunds for a rainy day.

The top four things people buy with their tax refund:

1 Electronics like TV’s, cell phones, tablets and computers

2 Appliances such as refrigerators, stand mixers, and ovens

3 Furniture is really big, you can get mattresses, couches and dressers.

4. Cars and Motorcycles
It’s a way to get all those things they didn’t get during the holidays or to replace old stuff. Many stores know this because they track spending. Why not get a new car with it? You have the money, your car may be old and running poorly. It would be a great investment in your family.  You really don’t need a new giant TV. Electronics can be impulse purchases. Just because you have the money, doesn’t mean you should use it frivolously. You could put a down payment or purchase a car, it would be great not to worry about how you will get to work if something happens to your old clunker.

The good thing for you is that car dealerships also realize this. They will have special sales and discounts for you to help make it to purchase. Some places will even help you do your taxes to apply your refund to a purchase of a car. It’s actually really smart because you may decide that it’s what you really need to do, but when you have cash in hand you might decide to put it off again. You may convince yourself that it can go a little longer or that it’s not as bad as you think. Then the day comes when you are stuck on the road and of course your cell phone is dead so you wait for someone to stop or for help. It’s really important to not wait for it to completely die. You don’t want to be stranded on the side of the road with regret that you bought the TV or couch instead. Go check out what your local car dealership has in stock and let them help you find the car that will match you and your needs.

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