That time of the year has finally come and gone for the majority of Americans. I hope you weren’t one of the people rushing to get to the post office on April 15^th because you waited till the last possible second to file that return. Luckily, it’s done for another year. Now a hefty tax return could be heading your way and a new problem comes with it. What do you spend it on?

Ebay conducted a survey to find out just what people were going to be using that tax refund money on. About a third of the people polled plan on using putting their check towards purchasing a vehicle. 25 percent plan on purchasing a vehicle. Thirty-one percent plant to use the money to add a second vehicle to their household or buy it for a child.

More people were planning on using the money for something auto-related that wasn’t necessarily a new or pre-owned vehicle. 57 percent were going to use it for service and maintenance of a current vehicle. 36 percent are going to buy tires. 13 percent plan on using the refund to pay off a car loan they already have.

What are you planning to do if you’re receiving a refund? If you’re interested in a vehicle, the amount of money you’re potentially getting can make a good down-payment to help with your rates and monthly payments. There’s a reason why you see a number of auto-finance blogs write about how fantastic tax refunds are at this time of the year.

Getting a tax refund and need a new vehicle, contact us at Bayside Chrysler Jeep Dodge. We provide the Queens area with top quality customer service and want to work with you to satisfy your car-purchasing needs. We love to say yes! Like us on Facebook and follow us on Twitter for more financial advice and monthly parts and service specials.