Use Your Tax Return To Buy a Car
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If you're expecting a big tax refund this year, you may be looking forward to cashing that check and spending it on something exciting - like a new vehicle. You can, of course, use your tax refund for a down payment on the car you've been dreaming about. And there are plenty of other innovative ways to use your tax return toward owning a new car. First, you can use your tax refund as a down payment for a new vehicle. While this may not be the only cash you need for a down payment, it's a good start. In addition, if you're able to put more than 20% down on your new vehicle, you'll avoid paying expensive private mortgage insurance (PMI) fees. Here are some other tips to help you save up for a down payment on a car.
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