Feb 16, 2023

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The federal tax withholding system in our country is a very good way to set aside money with every paycheck that will be returned to you each year at tax time. If you’re like most American taxpayers, you’re getting a sizeable tax refund that can open up a lot of doors. We suggest walking through the door we have available here at Carl Hogan Honda in Columbus MS and getting a new Honda Accord, CR-V or Civic. Your tax refund can be the key to making it happen.

A bigger down payment on a new Honda can be funded by your tax refund

Most of the people who file taxes every year get a refund and we’re guessing you’re one of them. In fact, about three out of every four federal taxpayers get a refund. The average amount is $3,000 but many taxpayers withhold more aggressively and can look forward to refunds of $4,000 or more. That’s why we urge you to use that refund to make a bigger down payment on a new Honda sedan, SUV or pickup.

You can make lower car payments with the help of your tax refund

As you are probably well aware, the more money you put down on a car loan, the less money you’ll need to borrow to put a new Honda Pilot or Honda HR-V on your driveway. By reducing the amount of your loan, You’ll be making lower car payments every month and that creates more cash flow for your family. The lower amount you pay can also make it easier to pay off your car loan and might help you shorten the length of your loan.

Shop our new Honda inventory to find the model you like most and let your tax refund help put you behind the wheel at Carl Hogan Honda in Columbus MS.