When deciding what you are going to do with this financial windfall, have you considered buying a used car? If not, perhaps you should. For many people, the tax refund is like free money from the sky – and it can be tempting to splurge on non-essential items or a vacation. While this is well and good, putting that money toward a used car is probably a wiser investment for the long term. There’s always next year for that vacation. Here are 3 main reasons why buying a used car with a tax refund is a smart choice:
- Reliability: A used car is a reliable machine. It has already proven itself over thousands of miles, and with proper care and maintenance can be trusted to keep going for the long haul.
- Affordability: Used cars offer more bang for your buck than new cars do, generally speaking. In the past, used cars have had a reputation for unreliability at the sacrifice of paying a lower price. More recently, this trend has been changed by seeing more used cars staying on the road for up to 200,000 miles. Not only are they road-tested, but you are getting a great vehicle at a great bargain.
- All The Features of a New Car, Except the Price: Let’s face it, although the bells and whistles change, the essence of a car remains the same. Four wheels, an engine, transmission, brakes – these are the important elements of a good car.
Conclusion: Trust us, we know that you want to put your tax refund toward some big purchases. A big new TV or a week long vacation both sound so tantalizing. But getting the right used car means getting a reliable, affordable, and high performance machine at a great price, and with many of the same advantages as buying new. Not to mention the investment that you’d be making your tax return, that some day can pay you back when you trade-in or sell your car.
Article credit: drivetime.com
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