Use My Tax Return For A Car Downpayment

Taxes are something that is always on the minds of all Americans. While they are mostly cumbersome and time-consuming, one thing some people can look forward to during tax season is their refund. In Fiscal Year 2016, the IRS said the average individual income tax refund was about $3,050. North Carolina’s average individual income tax refund was slightly lower than the national average at $2,580. Many people ask us if it is a good idea to use their tax return to help buy a car. One of the best ways to do so is to use your tax return to help make a downpayment on a new vehicle. The size of your tax return can really help you make a strong downpayment on a vehicle and lower your monthly payments, as well as possibly get a better rate on your auto loan. 

At Performance Chrysler Dodge Jeep RAM in Clinton, we know a down payment can be an important part of your vehicle’s financing. It can help offset the immediate depreciation of new vehicles, display financial stability to lenders and help lower monthly payments. 

If you’re looking to trade in your current vehicle and use your tax return as a down payment for a new or used Dodge, Jeep, Chrysler or RAM vehicle, we’d love to work with you. Concerned about financing your new vehicle after using your tax refund as your down payment? Ask about our bad-credit financing program, or click here to get pre-approved today. 

Here are some of our most popular vehicles:

Jeep Cherokee

The Jeep Cherokee is a great vehicle that fits the needs of many drivers. For families focused on safety, it features blind spot notification, rear-view camera and to protect against cold weather and prevent fogging, heated mirrors. 

It also has adaptive cruise control that automatically adjusts your highway speed based on the speeds of other vehicles on the road and park assist, which automatically offers commands on how to park in a parking space. Looking to trade in your old car to upgrade to the Jeep Cherokee? Click here to value your current car and see how much money you can get to use towards the purchase of your new Jeep!

RAM 2500

Available in gas or diesel, the RAM 2500 is built to provide outstanding performance in a variety of conditions. Some of its most notable features are its best-in-class max gas towing of 16,320 pounds and a max gas payload of 3.990 pounds.

In addition to being durable, the RAM 2500 also remembered that passenger comfort is just as important. The truck’s interior includes different seating options and storage solutions to meet all of your needs. Take advantage of our current Ram Truck sales, click here for more info

Dodge Charger

As one of Dodge’s most classic cars, the 2018 Charger provides an unforgettable ride to drivers and their passengers. It’s America’s only four-door muscle car and has an available 707-HP Supercharged 6.2L HEMI SRT Hellcat V8 engine. 

It is available in 12 eye-catching exterior paint colors ranging from Pitch Black to TorRed. Other exterior features include its familiar side door scallops, double power bulge hood and LED racetrack taillamp. Don't forget to ask about our current Dodge Charger sales

Chrysler 300

The Chrysler 300 was designed with luxury and comfort in mind. Its 3.6L Pentastar V6 engine and eight-speed automatic transition, not only make it a powerful car, but also an efficient vehicle averaging 30 highway MPG. It’s fuel saver technology available with the 5.7L HEMI V8 engine, can deactivate four of the eight cylinders when full power isn’t needed, like when you’re driving on the highway.

The Chrysler also has an available all-wheel-drive system that can adjust traction and control depending on outdoor conditions, driving style and road surfaces.

Contact Performance Chrysler Dodge Jeep RAM in Clinton by calling us at 888-735-5701 or filling out the form below.

If you’re interested in learning more about the process of using your tax refund as a down payment, check out this article on


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