It’s difficult working at a car dealership in January and February. After a busy holiday season of spending far too much money on gifts, parties, travel and other festive expenses, people are focused on paying down debts, tightening their belts and cutting back. That tends to leave little to no room to buy a new car.
All dealerships really have to do, however, is make it through to tax season, which really kicks into gear from March as the pace of filing builds before the dreaded April 15 deadline. Why is tax season such a boon for new car dealership? Two words: Tax Refund. Of the millions of refunds issued to about 75 percent of tax filers, many put the money to work for them in the automotive realm. In today’s blog, we’ll be exploring the idea of spending your tax refund on a new car, whether it’s a good idea or not, and how you might maximize any benefit you get from spending it on a new car.
