A tax refund means one thing to many people – it's time for a big purchase. Before you use your tax refund, it’s important to weigh your options. We’re sharing the questions you should ask before you use your refund on a car at Hall Toyota Elizabeth City.
Should I Get a New or Pre-Owned Car?
We know it’s easy to be swayed by our new Toyota vehicles, but a pre-owned vehicle could be a better purchase. Your tax refund could serve as a large down payment on a new vehicle, but it could also cover a larger portion of a pre-owned vehicle’s cost or perhaps cover it entirely. We’re happy to review your financing options and vehicle needs to see which is your best fit.
What’s My Trade-in Worth?
Your existing vehicle is also a valuable asset when you buy a new vehicle. With so many people shopping for a vehicle, tax season can be a great time to trade in your vehicle. You could get a great price on your vehicle, which you could also apply towards the purchase price of your new vehicle.
Should I Repair or Replace My Vehicle?
After you weigh all your options, you may decide it's not the right time to upgrade to a new vehicle. It may make more sense to use your tax refund on Toyota repairs or order any replacement parts that you need. Keep in mind, if your estimated repair costs outweigh the value of your vehicle, it’s generally recommended to replace your vehicle instead.
Explore Our New Toyota Models in Elizabeth City, NC
Whether you want a new vehicle or you’d rather repair the one you have, we can help. We're also happy to discuss your options and help you determine what’s right for you. Stop in to get started today!
