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Three smart ways to spend your tax refund

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If you’re expecting a tax refund this year, you probably already have an idea of how you want to spend it. Maybe you have plans to buy that new high-tech gadget you’ve had your eye on or to splurge on a fun and sun-filled summer vacation. But before you let that money disappear into thin air in two seconds flat, consider using this chunk of change wisely for these three important things:

Start or increase your savings

One large unexpected expense, like your car finally biting the dust, could be the breaking point for financial distress, and having some money stored away in a savings account could help prevent these unfortunate situations. If you don’t have any solid plans for your tax refund, consider adding it to your savings for your future needs so you’re not stuck scraping for change. Already looking for that new ride?

Upgrade your car

If you haven’t upgraded your car in the past few years, chances are you don’t have the latest safety features, like forward-collision warning, automatic emergency braking, or lane departure warning. If you’re ready to upgrade to the latest and greatest, consider selling your current ride to Carvenience, and then add that money to your tax refund to put a down payment on a car that will provide you and your family a safer vehicle.

Donate to a charity

Your tax refund gives you a chance to give back, and we love helping our community. In fact, for every car we purchase, we donate $25 to a charity of the seller’s choosing. So, whether you’re in the market to sell your car or want to make a charitable donation to your favorite non-profit, we can help you cross off those to-dos.

Make this tax season a productive one. There are plenty of other smart ways to spend your tax refund, and if you’re looking to add some extra cash to the pile by selling your car, let us know. We’re ready to get started whenever you are.