Ways to Spend Your Tax Return On Your Car
This time of year, tax payers across the country are getting a little bit of a financial break with tax returns (assuming you don’t actually owe money, instead). With all of that extra money, what should you do with it? Sure, you could splurge it on a vacation or some piece of expensive technology, but there are many ways to spend your tax return on your car instead.
Using your tax return for automotive purposes is often practical, and can be a smart financial move. Since car costs can sometimes sneak up on drivers, using your tax return for such purposes should help avoid that.
- Down Payment: If you’re in need of a new car but haven’t been able to save up enough for the down payment, now may be the chance.
- Car Care Fund: If you prefer putting the money in the bank, consider starting a car care fund. This would be like a savings account that you use specifically for repair or maintenance needs, helping to ensure this sort of stuff doesn’t sneak up on you in the future.
- Accessories: Depending on what accessory you buy, this could be considered a bit of a splurge. But if you buy something practical, like floor mats, it could be a good investment for your vehicle. Learn more about them here.
- Take a Road Trip: This could definitely be considered a splurge, but it isn’t as much as a full vacation. If you’ve had some day-long road trips in mind, consider taking one, using the money for gas, food and any souvenirs along the way.
Now that you have some ways to spend your tax return on your car in mind, make sure you put it to good use. Be sure to return to the Radley Acura blog for more tips and tricks.