Best Tax Refund Car Deals [2022 Edition]

Tax Refund Car Deals

Once you get past the stress and hassle of filing taxes, you’ll find a great opportunity for buying a vehicle.

Many people are fortunate enough to get tax refunds during this season, and car dealerships offer some incredible deals during this time.

While you’ll want to understand how your state sales tax works before maximizing your refund, tax season can be a great time to buy or lease a vehicle.

Top 10 Tax Refund Car Deals

Dealerships know that tax returns offer many consumers some extra cash, and they want to encourage car purchases with their deals. Here are the top 10 tax refund car deals to check out now:

Is Tax Season a Good Time to Buy a Car?

Tax Season a Good Time to Buy a CarThere are some times of year best known for great car-shopping conditions. Yes, tax season is a good time to buy a car!

Here are some of the top reasons to buy a car during tax season:

  • Income Tax Season Deals. Dealerships know that many consumers get money back on tax returns. They offer enticing tax season deals!
  • Maximize Your Return. Wondering what to do with the money you get back from taxes? Using some of it to pay for your new car can help you enjoy lower monthly payments and interest rates.
  • Match Your Return. Some dealerships will offer to match your tax refund to boost your down payment! Check for details of your local dealerships. If you have bad credit, check out Auto Credit Express for options.

How to Maximize Your Tax Return When Buying a Car

There are many ways to contribute your tax refund to buy a car. Here are some ideas for how to maximize your tax return for car buying:

Using a Tax Return for a Down Payment to Finance or Lease

Maximize Your Tax ReturnYou can spend some of your tax return money on a new down payment for a vehicle. This applies whether you are looking to lease or loan a vehicle. Contributing more to the down payment helps you decrease the monthly cost, and can also help you qualify for more ideal financing arrangements.

Using a Tax Return for a New or Existing Loan

Buying a completely new vehicle is not the only option. Another great way to use your tax refund is to put money toward an existing loan. Paying off a larger section of the loan with your refund money will decrease the remaining balance and help you pay off the vehicle quickly and with less total interest.

Pre-Owned Vehicle Purchase

Budget car shoppers may enjoy using their tax refund on a pre-owned vehicle. You may be able to finance a sizable portion of a used vehicle with your tax refund money.

Best Tax Season Car Lease Deals

When you use your tax return to make a larger due-at-signing payment, you can significantly lower monthly car lease payments. Considering leasing a vehicle? Take a look at these top tax season car lease deals:

YearMakeModelLease OffersExpirationCheck Prices
2022HyundaiElantra$189/month for 36 months, $3,199 due at signing10/3/2022Check Prices
2022SubaruImpreza$225/month for 36 months, $2,625 due at signing9/30/2022Check Prices
2022HondaCivic$229/month for 36 months, $3,499 due at signing10/31/2022Check Prices
2022ToyotaRAV4$309/month for 36 months, $2,999 due at signing10/3/2022Check Prices
2022RAMRam Pickup 1500 Classic$409/month for 36 months, $4,399 due at signing10/3/2022Check Prices

Full List of All Tax Refund Car Deals

Looking for a certain make or model? Here’s a full list of all of the tax refund car deals to choose from:

YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2022AcuraTLX2.90%$529/month for 36 months, $6,099 due at signing10/31/2022
2023AcuraMDX3.90%$689/month for 36 months, $5,799 due at signing10/31/2022
View All Acura Incentives
2023AudiA44.99%10/3/2022
2023AudiQ34.99%10/3/2022
View All Audi Incentives
2023BMW3-Series$579/month for 36 months, $4,779 due at signing10/3/2022
2023BMW5-Series $719/month for 36 months, $6,194 due at signing10/3/2022
2023BMWX3$599/month for 36 months, $6,115 due at signing10/3/2022
View All BMW Incentives
2022BuickEnclave0.00%$389/month for 24 months, $4,019 due at signing10/3/2022
2022BuickEncore GX0.00%$209/month for 24 months, $3,949 due at signing10/3/2022
View All Buick Incentives
2022GMCAcadia$1,000 0.00%$279/month for 24 months, $3,029 due at signing10/3/2022
2022GMCCanyon0.00%$339/month for 36 months, $4,769 due at signing10/3/2022
View All GMC Incentives
2022CadillacXT6$1,000 2.99%$539/month for 24 months, $4,789 due at signing10/3/2022
2022CadillacXT42.99%$409/month for 36 months, $3,579 due at signing10/3/2022
View All Cadillac Incentives
2022ChevroletBlazer$1,250 3.49%$249/month for 24 months, $3,209 due at signing10/3/2022
2022ChevroletEquinox$1,200 1.90%$239/month for 24 months, $2,279 due at signing10/3/2022
2022ChevroletSilverado 1500 LTD$319/month for 24 months, $4,899 due at signing10/3/2022
View All Chevrolet Incentives
2022ChryslerPacifica$1,000 $499/month for 39 months, $4,099 due at signing10/3/2022
View All Chrysler Incentives
2022DodgeCharger$2,000 1.90%$419/month for 36 months, $4,299 due at signing10/3/2022
View All Dodge Incentives
2022FordEcoSport3.90%$299/month for 36 months, $3,069 due at signing10/3/2022
2022FordExplorer2.90%$469/month for 36 months, $4,619 due at signing10/3/2022
2022FordRanger3.90%$359/month for 36 months, $3,879 due at signing10/3/2022
View All Ford Incentives
2022HondaCR-V 3.90%$309/month for 36 months, $3,599 due at signing10/31/2022
2023HondaOdyssey3.90%10/31/2022
2022HondaRidgeline1.90%$399/month for 36 months, $5,199 due at signing10/31/2022
View All Honda Incentives




YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2023HyundaiElantra$5003.29%$219/month for 36 months, $3,299 due at signing10/3/2022
2022HyundaiKona$5003.29%$209/month for 36 months, $3,899 due at signing10/3/2022
2022HyundaiSonata$5003.29%$249/month for 36 months, $3,199 due at signing10/3/2022
View All Hyundai Incentives
2022InfinitiQ503.90%10/3/2022
View All Infiniti Incentives
2023JaguarF-Pace$1,049/month for 36 months, $4,995 due at signing9/30/2022
View All Jaguar Incentives
2022JeepGrand Cherokee$2,000 $479/month for 36 months, $4,599 due at signing10/3/2022
View All Jeep Incentives
2022KiaSorento3.49%$319/month for 36 months, $3,499 due at signing10/31/2022
2023KiaSoul3.49%$239/month for 36 months, $2,799 due at signing10/31/2022
View All Kia Incentives
2023Land RoverDiscovery Sport$729/month for 36 months, $4,995 due at signing9/30/2022
View All Land Rover Incentives
2022Lexus UX 250h$75010/3/2022
2022LexusRX 3502.99%10/3/2022
View All Lexus Incentives
View All Lincoln Incentives
2022MazdaCX-52.49%$299/month for 36 months, $2,999 due at signing10/3/2022
2022MazdaCX-91.90%$355/month for 36 months, $3,500 due at signing10/3/2022
View All Mazda Incentives
2022MitsubishiOutlander$329/month for 39 months, $3,328 due at signing10/3/2022
2023MitsubishiEclipse Cross2.90%$339/month for 39 months, $3,338 due at signing10/3/2022
View All Mitsubishi Incentives
2022MercedesCLA$509/month for 36 months, $4,103 due at signing9/30/2022
2022MercedesGLS$1,099/month for 36 months, $5,863 due at signing9/30/2022
View All Mercedes-Benz Incentives
2022NissanArmada1.90%$699/month for 36 months, $7,774 due at signing10/3/2022
2023NissanLeaf1.90%$269/month for 36 months, $4,319 due at signing10/3/2022
View All Nissan Incentives
View All Porsche Incentives
2022RAMRam Pickup 1500$5,750 0.00%$409/month for 36 months, $4,399 due at signing10/3/2022
View All RAM Incentives
2022SubaruAscent2.90%$329/month for 36 months, $3,829 due at signing9/30/2022
2023SubaruOutback2.90%$335/month for 36 months, $3,535 due at signing9/30/2022
View All Subaru Incentives
2022ToyotaAvalon$1,000 10/3/2022
2022ToyotaCorolla Hybrid 2.49%$249/month for 36 months, $2,999 due at signing10/3/2022
2022ToyotaRAV4 2.49%$309/month for 36 months, $2,999 due at signing10/3/2022
View All Toyota Incentives
2022VolkswagenAtlas Cross Sport3.65%10/3/2022
2022VolkswagenJetta
View All Volkswagen Incentives
2022VolvoXC904.99%$675/month for 36 months, $5,075 due at signing9/30/2022
View All Volvo Incentives

These offers may vary based on location, credit score, and financing terms and are not guaranteed.  So use my free service to check discount car prices to get the best prices that include current manufacturer offers and incentives.

Frequently Asked Questions

Why is tax season a good time to buy a car?

Tax season is filled with enticing dealership promotions. Some will offer to match your refund, giving you a huge boost on a down payment. Furthermore, you’ll likely get some substantial money back which can help you get better financing deals as well.

When should I start shopping for a car with my tax return?

Start shopping early! You don’t need to wait until you finish your taxes and get your full refund. Start browsing as soon as you see tax season promotions come up.

How much of my tax return should I use when buying a car?

The answer to how much of your tax refund to spend on buying a car varies based on your financial situation and goals. Simply put, you shouldn’t use all of your income tax return on buying a car. You should save at least 10% for other expenses or unforeseen circumstances.

Is buying a car tax deductible?

If you itemize your deductions, you may be able to deduct vehicle sales tax for state and local tax, if you paid more local sales tax than income tax. Another instance you may be able to deduct for buying a car is if it is a business car. Be sure to consult your tax advisor for more information on what vehicle expenses are deductible for you.