How to Use Your Tax Refund Toward Buying a Used Car

When the time comes to buy a used car, Roughlock Auto makes it easy. We offer the financing tools and resources that will help you save, and we’re sharing everything you need to know about putting your tax refund toward the next great model. Learn more with the used car experts at our Spearfish, SD, dealership.

Raise Your Credit Score

Your credit score is one of the most important factors to consider when it comes to vehicle financing, whether you’re purchasing a new or pre-owned model. The higher your credit score, the more favorable the terms available to you, and reducing credit usage is one of the best ways to boost your score. Consider putting your tax refund toward your debt to optimize your vehicle financing options.

Increase Your Down Payment

The more you can put toward your vehicle down payment, the more quickly you’ll be able to pay your vehicle off over time. A larger down payment means smaller monthly payments and a wider range of vehicles available within your budget. It also means smaller accrued interest costs for significant savings over time.

Cover Fees and Taxes

There are a few additional costs that drivers will want to account for on the day of vehicle purchase. These include sales tax, destination fees, registration, and insurance. If you put your tax refund toward these fees, you’ll have more left over for the down payment.

Begin Used Car Financing in Spearfish, SD

No matter what your pre-owned vehicle financing needs might be, you’ll find the support you deserve at Roughlock Auto. We make it easy to find the right used car at the right price, and your tax refund can help you save this year. Visit our dealership to begin the financing journey with confidence today!