Here are a few tips from Acceptance Insurance on how to use your tax return to keep you on the road, safe and secure.
The uncertainty of 2020 showed us the importance of being prepared. So now, with tax season upon us and return checks coming in, many people are looking for ways to safeguard themselves, their family and their future.
When your tax return comes in, the best way to start planning is to find something you truly rely on, like your vehicle, and make sure it’s ready to carry you through 2021 and beyond. With your busy life, you’ve got to stay on the road.
Here are just a few ways you can use your tax refund to keep you moving.
Invest in a New Vehicle
Turns out, 10% of Americans use their tax refunds on a down payment for a new car. Making a larger down payment can unlock extra financing options like lower interest rates and lower monthly payments. You can make your money go even further by finding a reliable used vehicle. With a little research, you can be on the road in a trustworthy vehicle, at the right price, in no time.
Keep your car roadworthy
Been putting off maintenance items to pay for other expenses? You're not alone — about 20% of Americans delay maintenance on their vehicles. Now that you’ve got your tax refund, it’s time to talk about making your ride a little safer and more reliable.
You can start with the basics — a simple tune-up with a licensed mechanic will help your car keep running more efficiently. It can even extend the life of your car and prevent bigger repairs down the road. Another (potentially) large expense that you should think about is buying new tires. Because new tires provide better traction, they enhance your safety by helping you stop properly in bad weather.
Other commonly delayed maintenance items that support your safety include:
- Oil change
- Wiper blades
- Air filters
- Car inspection
With a small investment now, while you have the cash, you could potentially save yourself a lot of money down the road.
Find cheap car insurance
Investing in car insurance is also another smart use of tax return dollars that can help you save more money and keep you protected throughout the year.
If you're involved in an accident, car insurance can help you prevent paying large, out-of-pocket repair and medical bills. It can also help cover costs of weather damages or losses due to theft.
Want to get ahead? Making a larger down payment up front can help reduce your monthly payment. Paying down your insurance policy can also prevent a lapse in coverage, ensuring you and your family stay covered! It’s easy to get started with an online car insurance quote.
Stretch your tax return at Acceptance Insurance
At Acceptance, we strive to help you protect everything you love at an affordable price. We'll work with you to determine the right amount of coverage for your lifestyle and budget. Contact us today for a no-commitment quote on cheap car insurance.
Ready to get started? Get a free, online car insurance quote.
Want to learn more? Give us a call at 1.877.405.7102, or find your local office.