If you pay taxes in New York, the state and federal government can help you buy a better car. The average New York taxpayer is getting a federal refund of around $2,500 and a New York state refund of around $4,000. That's a lot of money all at once and 100% of that amount is available to you. Instead of spending that money on a short-term expense like a vacation that will only last for a week or two, you can make a smarter investment by using it toward a new or used vehicle.
A newer model is likely to cost less in repairs than an older model. When you use your tax refund to make a larger down payment on a newer vehicle, you'll have lower monthly car payments and you'll spend less on interest over the course of your loan. By putting that tax refund into a new or used car, you'll have an investment that has ongoing value.
Your tax refund helps you have more equity in that car and that's money that won't go away in a week or two. A good portion of that value will still be there to help you buy your next vehicle. Here are some ideas on popular Chevrolet models you can get with your tax refund at Healey Chevrolet in Poughkeepsie, NY.
