Happy Tax Day!
Whether it’s happy or not, it’s here (and almost gone). And, according to this article, people getting tax refunds might be spending them on purchasing cars.
The article stated that the average tax refund is around $2,800…which is a nice down payment on a car considering that most people spending their tax refunds are purchasing “entry-level” vehicle. If you also consider the fact that people getting refunds generally file their taxes sooner, consumers could have hit some really great sales as dealerships cleared out lots of old inventory to make room for the newer models.
If you are getting a tax return, what do you plan on spending it on? A 2013 Honda Accord? If you already got your tax return, what did you spend it on?