While most people might not enjoy tax season, they likely don't mind receiving their refund. That gift can be a big boost to your budget as long as you use the funds effectively, and one of the best ways to ensure this is to spend the money on your car.
The Car Care Council recommends using a tax refund to have adequate vehicle maintenance performed on an automobile. With the proper care, a car should be able to reach 200,000 miles of use, but owners must be prepared to take care of any issues as they arise.
"Whether it's an oil change, replacing brakes or new belts and hoses, that periodic repair bill is a drop in the bucket compared to monthly payments on a new car," said Rich White, executive director of the Car Care Council. "The bottom line is that a properly maintained vehicle is safer, more dependable, more fuel efficient, less polluting and more valuable."
There are some instances when a new or used car might be a better investment than pumping money into auto repair. MSN reports that certain vehicles are worthy of a tax refund, and any money that gets added to your budget unexpectedly can be a great addition to a new car fund.