There are many benefits to purchasing a used Honda car, like vehicle savings and a lower depreciation rate. There are even more reasons to consider a pre-owned vehicle during tax refund season when you have capital to put toward vehicle purchasing costs. Learn how to make the most of your tax refund, and find the pre-owned vehicle you’ve been dreaming of at Hall Honda Virginia Beach today.
Taxes
Sales taxes can add up. That’s why you always want to consider trading in your current vehicle, in which case the trade-in vehicle value is deducted before sales tax is calculated. When you put your tax refund toward your sales tax costs, you’ll have more money to contribute to the down payment.
Documentation and Registration Fees
There are a few regular fees you’ll want to consider when purchasing a vehicle — fees you can cover with your refund. You’ll typically want to account for the destination and dealership fees, as well as the registration. When purchasing a vehicle, you’ll need to adjust the insurance coverage, so it’s helpful to budget for that.
Upgrades and Accessories
You deserve your dream vehicle. If you want to upgrade to the next trim level or explore add-on design, performance, or tech options, your tax refund can help you cover the last mile. It can also be used to purchase accessories to customize and personalize your vehicle for the road ahead.
Finance Pre-Owned Honda Vehicles in Virginia Beach, VA
These are just a few ways your tax refund can help you save on your next car. Hall Honda Virginia Beach is here to help on every step of the Honda financing process. Pick the used Honda model you’ve dreamed of at our dealership and take a test drive today.
