Automotive Tax Benefits FAQ

Three Options to Use Your Tax Refund on a New Honda or Used Car Purchase near State College, PA

1. Put Your Tax Return Toward a New or Used Car Down Payment

Whether it's new or used, if your choice is to buy via the use of an auto loan, your tax return can help you. With a down payment, you can apply the tax return toward the new vehicle, and bring down your final costs. That can mean a couple more car payments are taken off and a lower loan rate, especially when paired with other funds or using your current vehicle as a trade and applying its value toward the purchase.

2. Lease Your New Honda with Your Tax Return

Similar to financing, you're able to put your tax return toward a vehicle lease. If you have a significant down payment on a lease, or even just used what you have with the tax return, that can cover a lot and reduce monthly payments. Leasing of course gives you the benefit of flexibility with terms and options at the end, making it a popular decision among drivers.

3. Put Your Tax Return Toward Your Current Vehicle Payment Plan

For those currently driving Honda vehicles, your tax return can also go toward the payoff amount for your vehicle by giving you a couple car payments you can make to bring down the time you need to pay off the loan balance. That has a lot of benefits as it can help you with finance planning and more, as you think long term.

We're Here to Help with All Your Finance Needs

From buying to leasing, we're here to assist drivers at Altoona Honda for all your finance needs. To learn about your options including tax return choices, get in touch with us and we'd be happy to go over it all with you as you look to save on a new or used vehicle from our dealership today!