Purchasing a vehicle is one of the largest expenses most of us will have in our lives, so using your tax return can be a smart way to maximize the value of an increase in cash flow this time of year. When you have cash on hand for a downpayment, you can increase your chances of getting better rates from lenders. You can also use your extra cash to pay for a new lease or complete maintenance or repairs on your existing vehicle. However you want to use your tax return this year, Mossy Volkswagen Escondido can help you find the perfect solution for your vehicle needs.
Best Ways to Use Your Tax Refund on a Vehicle
If getting the most from your tax return is important to you, our experts in the Finance Department can help you determine how to apply your tax return to a new Volkswagen lease or purchase. They can even help you get the most from a used vehicle purchase to increase the value and own the equity faster. If you are part of one in three Americans who will use their tax returns this year on a vehicle-related expense, Mossy Volkswagen Escondido can help you accomplish your vehicle financial goals. Explore all the options for how to maximize your tax refund this year.
- Downpayment: Significantly reduce your overall costs on financing or leasing a new vehicle/
- Improve Your Chances for Finance Approval: Lenders are more willing to give you better borrowing terms when you have the cash for a downpayment.
- Pay On Your Existing Car Loan: Own your vehicle faster and increase your future purchasing power with more available equity.
- Upgrade Your Vehicle: Visit our parts center and browse the VW catalog for vehicle upgrades and enhancements.
- New Tires: A set of new tires can be expensive, and your tax refund puts more cash in your pocket to take care of necessary improvements and repairs.
- Complete Necessary Maintenance and Repairs: If you have been putting off repairs due to costs, using your tax return is a smart way to take care of all your vehicle needs to avoid excessive wear and tear or additional damage.
- Refinance Your Existing Car Loan: Using your tax refund to secure lower rates on your current vehicle is a great way to put even more cash back in your pocket by lowering your monthly payment or owning your vehicle faster.
- Purchase an Extended Warranty: Save on unexpected costs with possible repairs by purchasing a warranty if your manufacturer's warranty expires soon.
Why Spend Your Tax Refund at Mossy Volkswagen Escondido
Drivers around Escondido looking to spend their tax return on a vehicle-related expense can find all their vehicle solutions at Mossy Volkswagen Escondido. We have an excellent selection of new VW models for sale or lease and an extensive used vehicle lot for even more savings. We have an in-house Finance Center and Service Department with access to genuine VW parts and accessories. No matter how you want to spend your tax return on your vehicle, we have services available to you.
Take Advantage of California State Rebates and Federal Tax Incentives
Want to get even more value from your tax return? Are you interested in a clean vehicle or a commercial vehicle for your business? Boost your financial power by taking advantage of additional state and federal incentives:
- Clean Vehicle Rebate Program (CVRP): Get up to $7,000 to purchase or lease a new plug-in hybrid electric vehicle (PHEV), an electric vehicle, or a fuel cell electric vehicle. Rebates are first-come-first-serve but could put more cash in your pocket to maximize your tax refund.
- IRS Clean Vehicle Tax Credit: Get a credit of up to $7,500 on this year's tax return when you purchase a PHEV or EV with final assembly in North America, like the 2023 Volkswagen ID.4.
- Section 179 Tax Deductions: Deduct the full purchase price for a commercial vehicle used primarily for business use. Restrictions apply for vehicles that can double for personal use, so be sure to check with your tax preparation professionals to see how much you can deduct for your fleet vehicle expenses.
Contact the Finance Department at Mossy Volkswagen Escondido
Mossy Volkswagen Escondido is conveniently located in southern California for all your vehicle needs. From a large inventory of new VW models and quality used vehicles to expert financial services and vehicle maintenance and repairs, we are your full-service dealership. Contact our team for questions about our current sales and incentives to stretch your tax return further and enjoy extra value this tax season.
Contact UsÂ
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Mossy Volkswagen Escondido
1695 Auto Park Way S.
Escondido, CA 92025
- Sales: 760-745-7551
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