Tax season is upon us, which can feel like a no-win situation much of the time. There is a silver lining, though. Tax time also happens to be one of the best times to pick up a new vehicle. Here are just a few reasons you should buy a Honda during tax season.
You will likely have more money for down payments
Sometimes after you’re done with your taxes, you get some great news — the government actually owes you money this year. The extra cash that you will receive can go towards the down payment for your new vehicle. Typically, a larger down payment can help reduce the amount you will spend on monthly loan payments.
Tax season typically has lower interest rates
The interest rate you receive on your automotive loan can affect the amount that you pay every month. During tax season, you may find that interest rates are generally one to two percent lower than during any other time this year. It may not sound like much, but it can help you save a fair amount of money over time.
You may have more options to choose from
Between having a bit more money on hand and other incentives, tax season is a popular time to buy a vehicle. That’s why many dealerships increase their inventory in preparation, which means you may be able to pick and choose your new Honda or a high-quality pre-owned model from a wider selection than most of the year.
At Bryan Honda, our goal is to make your car-buying and ownership experience convenient and stress-free. If you want to capitalize on the benefits of tax season, don’t hesitate to give us a visit at our location in Fayetteville, North Carolina.