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How Do I Buy a Car with My Tax Refund?

Have you just received your tax return? It's a great opportunity to explore the vast world of Lexus, Acura and Toyota vehicles at Fox Auto Team in El Paso. By leveraging your tax refund, you can enjoy the reliable performance of a Toyota SUV or the cutting-edge technology of a new Lexus model at a lower cost.

Whether you're eyeing a Lexus luxury SUV, a family-friendly Toyota sedan or even an eco-conscious hybrid or Acura EV, your tax refund can serve as a strategic down payment. Visit any one of our El Paso car dealerships for personalized assistance in turning your tax refund into a new set of wheels!

close up of money and tax return document
Couple giving thumbs up in their car

Can I Put My Tax Refund Toward a New Car?

Absolutely! Applying your tax refund toward a new car purchase is a savvy financial move, especially with our diverse selection of Acura, Lexus and Toyota models. From the comfort and sophistication of the Lexus RX to the adventure-ready Toyota Highlander and the sleek Acura RDX, our selection of new vehicles has something for everyone.

By using your tax refund as a down payment on a new Lexus ES or NX, you not only lower the amount you need to finance but also potentially unlock better loan terms and more manageable monthly payments.

Salesperson giving customer keys to new car.

How to Use Tax Refund as a Car Payment

Here's how you can use your tax refund to your advantage:

  1. Evaluate Your Refund: Determine the exact amount you're receiving and decide how much you'd like to allocate toward a down payment.
  2. Research Vehicles: Explore the wide range of Lexus, Toyota and Acura models available. Consider factors such as lifestyle, needs and budget.
  3. Value Your Trade: If upgrading, value your trade to further ease the financial burden.
  4. Consult with Our Team: Visit Fox Auto Team to discuss your options with our knowledgeable staff. They can provide insight into financing options tailored to your situation.
  5. Apply Your Refund: Use your tax refund during the financial transaction process. Our finance experts will help structure your loan to take full advantage of your down payment, ensuring a seamless transition to ownership.

Using your tax refund as a down payment positions you for lower monthly payments and better loan conditions, effectively making your dream car more accessible!

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