At Kirmac Collision & Autoglass, we’re proud to be a leading auto body shop serving BC Lower Mainland areas including Richmond, Burnaby, Coquitlam, Maple Ridge, New Westminster, and more. As your trusted auto body specialists, we’ve repaired vehicles for happy customers for over 45 years.
With tax season in full swing, we know that many people will be receiving their tax refunds in the next few months. If you’ve been thinking of using your tax refund on a car, here are 3 ways you can invest in your vehicle that will serve you well for years to come.
1) Repairing or Upgrading Your Vehicle
Investing in keeping your current car maintained and running is one of the most financially smart ways to use your tax return. After all, a vehicle that’s been well cared for can often run well past 100,000 kilometers, which will save you money in the long run. Repairing your vehicle is much more cost-effective than purchasing a new one. Consider using some, or all of your refund on giving your car a thorough tune-up, purchasing new tires, and/or making any repairs you’ve been putting off, whether minor or major.
2) Purchasing a Vehicle
If you need to purchase a vehicle, there are several ways your tax refund can be put to good use:
- Apply Toward Auto Payments—Depending on the amount of your refund, applying it toward your auto payments could give you months or even a year of payments.
- Down Payment on a New or Used Vehicle—Whether you are considering a new vehicle for your individual use, or for your whole family, putting even a portion of your tax refund in as a down payment can go a long way.
- Lower Your Monthly Payment—If you’ve already been saving for a down payment on a car, adding your tax return to that amount can have significant benefits, such as a lower monthly payment, and lower interest rates.
3) Refinancing Your Car
If you’re currently paying a high interest rate on a loan for your car, consider using your tax refund to refinance. A better-structured loan can cut your loan payments down significantly. Additionally, if your credit score has improved since purchasing your car, or if you currently have a high interest rate, structuring a better loan is both wise and beneficial.
Contact Your Trusted Auto Body Repair Shop!
However you choose to use your refund this tax season, Kirmac Collision & Auto Glass Repair is here for all of your auto body needs all seasons. We’re only a phone call away—so no matter what your vehicle requires, you can trust that we’ll be here to provide auto glass service and collision repairs you can trust. Contact us today or visit one of our locations in:
- Maple Ridge
- New Westminster