Your Refund Comes Early with Tax Max! Finance Today!
Tax Refund Car Deals in Lubbock, TX
Your Refund Comes Early with Tax Max
Tax season is an excellent time to buy a car from Fiesta Motors. Our auto dealership in Lubbock, TX offers tax refund car deals for you to buy a car with your tax refund. Our three lots are fully stocked with hundreds of used cars, trucks, and SUVs. Many of our customers are able to utilize their tax refunds as down payments on one of our high-quality pre-owned vehicles. The best part is you don’t even have to wait around for your tax refund! Fiesta Motors is proud to partner with Tax Max, so your refund comes early. With Tax Max’s Refund Advance Program, you can get up to $6,000 of your tax refund within hours of receiving your tax documents. You can even use your future tax refund to buy a car using your paystubs. Learn more about using your tax return for a used car purchased, and get in touch with us today.
Buying a Car with Your Tax Refund
Are you strapped for cash but need an upgraded vehicle? Using your tax return to purchase a car might be the solution you need. The average American gets around $3,000 in income tax returns each year. Savvy car buyers can use that cash as a substantial down payment for purchasing a car, truck, or SUV. Learn more about your options for using your tax refund to buy a car with us:
- Down Payment – The more you put down for your vehicle purchase, the less you’ll likely have to pay each month. In many cases, your tax return will be enough to cover a substantial portion, if not all, of your down payment. When you use your tax return as your down payment, you may get better financing options.
- Pre-Owned Vehicles – Purchasing a pre-owned vehicle is a cost-effective choice, and using your tax refund toward it makes it even more affordable. Our team can help explain the tax refund impact on used car sales and excise tax refund on a used car sale.
Income Tax Benefits Related to Tax Max
In addition to using your tax refund to buy a car, you may also be able to take advantage of certain tax benefits from doing so. The IRS allows you to deduct the sales tax from a vehicle purchase on Form 1040, Schedule A. You can do so whether you purchase from a dealership or a private party. You can also deduct the sales tax charged on a used car. You are only allowed to deduct the amount of sales tax equal to what was paid when you purchased the vehicle by adding the sales tax table amount for Texas, as well as the vehicle registration fees paid if the state bases the fee upon the value of your car. Those expenses can only be deducted when itemized. The sales tax must be higher than the state income tax you paid. Consult a tax advisor for more information.
How the Process Works
Using your tax return to buy a used car is easy. Just bring us the last pay stub you received from all of your employers during the current year and answer a few questions. Tax Max will calculate how much of a refund you’ll be receiving during tax season, and you can use that future refund toward the purchase of one of our pre-owned cars, trucks, or SUVs. Once you receive your actual tax documents, such as W-2s and 1099s, we’ll finalize your down payment. We’re confident Tax Max is the best cash advance tax refund program to help you get the vehicle you want.
Get Your Refund Today
If you need a car now, you shouldn’t have to wait for your tax refund to get it. With Fiesta Motors and Tax Max, you don’t have to. We make it easy to get approved for a great vehicle with a low down payment and a six-month, 6,000-mile limited warranty. Come see us at any of our three Lubbock area used car dealerships and get your refund today.