Get A Tax Refund?
Criswell GMC Gaithersburg Presents the Top Ways to Spend Your 2025 Tax Refund
A lot of people spend their tax refund at a vehicle dealership. What do they spend it on?
It's tax season again, and if you're one of the lucky ones, you'll be getting a tax refund. A third of Americans spend their refund on an auto-related purchase. What are YOU thinking of spending yours on?
Below, we have outlined the top things to spend your tax refund on. If you want a new vehicle, need to replace your tires, or just want to upgrade the vehicle you have now, our dealership is a great place to start. Call this your vehicle-friendly tax refund.
We feature new-generation GMC vehicle and trucks that we believe to be some of the best-price/quality vehicles on the road today, with many award-winning and highly rated models. For the money, you can't do any better than Criswell GMC Gaithersburg, one of the leading GMC dealers in or around Washington, D.C.
Here are some of the most popular ways our customers spend their tax refunds.
1. USE YOUR TAX REFUND TO PUT A DOWN PAYMENT ON A vehicles, TRUCK OR SUV
This is one of the most popular ways to spend your tax refund. If you're like many Americans with bad credit, tax season is a great time to lay down a substantial down payment. This will also open up financing options that would otherwise not be available.
A down payment will show the dealership that you're a serious vehicle buyer and can also help you get a loan with lower monthly payments, which makes buying a vehicle even more financially feasible.
2. GET REPAIRS OR UPGRADES ON YOUR CURRENT vehicles
Whether it's a new set of tires to improve fuel economy or a much needed tune-up, a well-maintained vehicle can last well past 100,000 miles. Routine maintenance and the occasional upgrade might not be as thrilling as driving off the lot in a new vehicle, but it's a great way to stretch a dollar...and the life of your vehicle.
And if you've got a vehicle that you'd like to customize, why not consider some of the following GMC accessories?
- Custom floor mats
- Splash guards
- Running boards
- A trailer hitch
- Custom wheels
- Fog lights
Which of these accessories would make your vehicle stand out in a crowd?
3. SAVE MONEY: BUY A USED vehicles
Used vehicle are a great option when you're looking to find a deal on a reliable vehicle but don't want to spend too much money. Used vehicle used to have a bad reputation, but nowadays that's no longer the case, especially at a respectable dealer like us.
Don't let the miles on the odometer fool you. Those miles prove that with proper care and maintenance a used vehicle can also be a reliable vehicle. High-mileage vehicle probably have mostly highway miles, and those miles put less wear and tear on a vehicle.
It's unlikely that a used vehicle will still be under warranty, so it's important to make sure you buy your vehicle or truck from a trusted dealer, like Criswell GMC Gaithersburg. That way you can rest assured that you're getting a quality used vehicle that will last for years to come.
Search All Inventory4. LEASE ONE OF OUR TOP-SELLING MODELS
The general rule of thumb on vehicle leases is that if you put down a larger down payment, your monthly payments will be lower.
With a larger down payment, your lease payments are more manageable, and if you do decide to extend your lease, you can negotiate to keep the same low payments.
5. PAY DOWN YOUR EXISTING LOAN
Putting a nice, big payment on an existing vehicle loan can help you get one step closer to becoming debt free.
You can either make an extra payment, which will help you pay off the loan quicker, or pay down the balance, which will reduce your interest over time.
It's also a good idea to call your lender to see what they think is the best thing to do in your particular circumstances.
6. REFINANCE YOUR vehicles LOAN
Did you know you can restructure an existing vehicle loan? If your vehicle loan has a high interest rate or you've improved your credit score since getting the loan, you could use your tax refund as leverage to structure a better loan with lower monthly payments.
You can even use a portion of your tax refund to reduce the principal and get a better interest rate on the balance.
We hope you've found this tax refund guide helpful. Call our Finance Department at (301) 637-4269 if you have any questions. Criswell GMC Gaithersburg has been serving metro D.C. for years, so people know we're one of the most trusted vehicle dealers around.
We want to see you get the most for your tax refund, so stop by our dealership to browse our new and used vehicle this tax season.
Source: www.edmunds.com/vehicle-buying/how-to-spend-your-tax-refund-on-a-vehicle.html
Criswell GMC Gaithersburg
503 QUINCE ORCHARD RD, GAITHERSBURG, MD 20878
Contact UsHours
| Monday | 9:00AM - 9:00PM |
| Tuesday | 9:00AM - 9:00PM |
| Wednesday | 9:00AM - 9:00PM |
| Thursday | 9:00AM - 9:00PM |
| Friday | 9:00AM - 7:30PM |
| Saturday | 9:00AM - 6:00PM |
| Sunday | 12:00PM - 5:00PM |
| Monday | 7:00AM - 7:30PM |
| Tuesday | 7:00AM - 7:30PM |
| Wednesday | 7:00AM - 7:30PM |
| Thursday | 7:00AM - 7:30PM |
| Friday | 7:00AM - 7:30PM |
| Saturday | 7:00AM - 6:00PM |
| Sunday | Closed |
| Monday | 7:00AM - 7:30PM |
| Tuesday | 7:00AM - 7:30PM |
| Wednesday | 7:00AM - 7:30PM |
| Thursday | 7:00AM - 7:30PM |
| Friday | 7:00AM - 7:30PM |
| Saturday | 7:00AM - 6:00PM |
| Sunday | Closed |