Four tips for shopping during tax season

Maybe you never thought of your income tax withholding as a savings account but it's a great way to set aside money that you can use to get the new or used car you want. That big tax refund you get could help you pay for the new or pre-owned Lincoln you had your heart set on. About 75% of US taxpayers get a refund and the average amount is $3,000. Think how far that could take you in getting the Lincoln of your dreams at Diffee Lincoln in El Reno OK.

Tip #1: Use your tax refund for a down payment

The first step for Oklahoma City and Norman OK buyers is to establish your budget. Once you've drawn up a plan, divide your refund by the number of payments you expect to make over the course of the loan. That gives you a real-world idea of how much your income tax can lower the amount you have to pay for a car loan every month. Having a plan as you approach negotiation helps you stick to your original budget.

Tip #2: Capitalize on tax-season incentives

We are fully aware that tax season is a great time to buy a new or used car. Because you have money to spend, you are a potent force in the marketplace. That's why our Edmond and Yukon OK buyers can expect outstanding offers from us in late winter and early spring. The majority of tax filers wait until April to complete their returns. That's why tax season is a great time to look for outstanding deals.

Tip #3: Take advantage of more choices

Try to get your taxes done as early as possible so you know how much money you have to deal with. Don't let tax season go by without putting your refund to good use in the vehicle you've been wanting to buy. During tax season, you we'll get outstanding offers from us and your choices will be exceptionally good at this time of year.

Tip #4: Stay within your budget

Other than a house, a car is usually the most expensive purchase you will ever make. Stay within your budget and use your tax refund to help you make a bigger down payment. That will help you get your loan approved and might even help you get a better APR. Talk to us any time for more tax tips at Diffee Lincoln in El Reno OK.