Survey Reveals Tax Refunds to Fuel Car Purchase for High Percentage of Filers
Ready to Buy? Benefits of buying a used car from a dealership
Approximately 58 percent of survey respondents whose tax refunds are burning a hole in their pockets will use it to buy a car. For 19 percent of those with some spending willpower will eventually direct their return to the purchase of a used or new car. After, of course, it’s earned some interest in the bank.
Although survey respondents said they’re hoping to buy a new or used car, it seems that most respondents consider a used car purchase the more advantageous option.
“Nearly all survey respondents (96 percent) agreed that buying a used car is a way to get a great car at a great value. And more than half (54 percent) agreed that buying a used vehicle makes them feel more eco-friendly,” according to the survey.
Not only does the survey reveal that respondents prefer to buy used cars, but it also determined that a new car is not really a realistic or desirable option.
“An eye-opening 41 percent said they would never buy a new car, citing high prices and fast depreciation as their primary concerns,” reports the survey.
Although buying a used car appeals to many survey respondents, haggling over the price of a used car does not. A final price, a non-negotiable option, would appeal to 72 percent of the respondents, according to the survey.
Benefits of buying a used car
There are many reasons to buy a used car including:
- Lower sticker price
- Lower loan payments (or no loan payment at all depending on your budget)
- Less depreciation
- Lower registrations fees
- More models to choose from
DeAnn Owens is a Dayton transplant by way of the Windy City, yet considers herself to be a California girl at heart even though she’s only visited there once. To get through the dreaded allergy season unique to the Miami Valley, she reads, writes, complains about the weather, and enjoys spending time with her husband, two sons, and their newest addition, a Boston terrier puppy that is now in charge of all their lives. In the future, she hopes to write a novel and travel through time. See more articles by DeAnn.