Lower Your Car Payment with Your Tax Return
Did you know that about 75% of American taxpayers get a federal refund every year?
Are you one of them? The average taxpayer gets a refund in the neighborhood of $2,500 to $3,000 from the IRS.Â
Use Your Federal Tax Refund to get a Brand New Ford Truck or SUV
That's a lot of money and it can help you dramatically lower the cost of your next new Ford or Lincoln car, truck or SUV.Â
At Dana Ford Lincoln in Staten Island, NY we think it's time that your hard work last year got rewarded and we can help make the world's best selling vehicle is the Ford F-150 and if it still seems like it's just out of reach, your tax refund can help you close the gap.Â
The Ford F-150 gives you the best towing capability of any truck in the full-size pickup class. It also happens to look sensational no matter where you drive around Elizabeth or Linden, NY.Â
Another great option is to get a Ford Explorer with room for up to 7, an economical Ford Escape with great gas mileage or a slightly larger Ford Edge.
Use your Federal Tax Refund for a Quality Pre-Owned Model
Perhaps your current situation doesn't fit the profile of a brand-new car buyer quite yet. We understand and we also know that many people simply prefer getting a used car because it's such an outstanding value. Either way, you can use your tax refund to upgrade your transportation situation and help reduce the size of your monthly loan payments with a bigger initial down payment.
While you can't deduct the cost of a new or used vehicle if it's 100% for personal use, you can write off a portion of a new or used vehicle if you use that car, truck or SUV in the operation of your business. If you use your car for work 70% of the time, you can deduct 70% of the cost.
Yes, if you itemize your deductions, you can take advantage of the general sales tax deduction. You have to choose between taking a deduction for sales tax or for your state and local income tax. If you are in a high tax state, that deduction might be worth taking for state and local taxes. The best approach is to save all your sales tax receipts throughout the year and take that deduction. Keep track of your 2023 sales tax expenses for tax time next year.
Consult an Expert
We don't specialize in taxes but we do specialize in handsome new and pre-owned Ford and Lincoln models that you can purchase with the help of your tax refund. We invite buyers in Roselle NY to take advantage of your tax refund on the new or pre-owned Ford or Lincoln of your dreams at Dana Ford Lincoln in Staten Island.
How can we help?
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Dana Ford Lincoln
266 West Service Road
Staten Island, NY 10314
- Sales: (718) 983-8700
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