Tax Max Puts Your Tax Refund to Work.
Our Deferred Seasonal Payment Program Gets You Into A Quality Used Car.
Drive today for $500 down with our deferred seasonal payment program! For several years, this program has been our most popular promotion. This year the promotion will start on November 10, 2023, and end on March 9, 2024. There is no need to wait for the tax refund you are expecting to get in February to buy the car you need. AutoMax is offering a deferred seasonal payment program. This program allows you to drive a car off the lot for only $500 DOWN TODAY, plus a one-time deferred seasonal payment due on the agreed upon date in your contract (no later than April 1, 2024). The $500 down does not include the tax, tags, license and document fee, which is required at the time of the sale.
Saving money for a down payment is hard; life always seems to get in the way. Just in time for the holidays, AutoMax will make it easy for you to get into a nicer, newer car, for just $500 down!
AutoMax’s Tax Max Program begins November 10, 2023 and ends March 9, 2024. If you need a vehicle, you don’t have to wait for your tax refund to buy the car you need. Our program allows you to drive a car off our lot for a $500 down payment (not including tax, tags, license, and document fee). Our seasonal in-house financing program makes buying a car from AutoMax nearly effortless, plus gets you free tax preparation later, saving you money.
How Tax Max Works
$500 Down. Free Tax Prep Come Tax Season. Drive Today. No-Brainer!
Visit AutoMax near Raleigh and Durham, North Carolina between November 10, 2022 and March 9, 2024, with $500, and wait to make your one-time deferred seasonal payment until after you’ve filed your taxes. Harness the power of your tax refund – before you even get it – so you can purchase a car from our Wilson, Henderson, or Youngsville buy here pay here car dealerships. You’ll get a new-to-you vehicle with a low down payment during this special limited-time promotion. When you receive your tax refund, simply pay your one-time deferred seasonal payment due no later than April 1, 2024. If your refund is particularly large, you can use it as an extra payment toward your car loan. This will help reduce your remaining balance, lower the rest of your monthly payment, and potentially save you money! Lowering your monthly payment frees up your budget to put toward other bills and expenses – or something fun for you or your family.
Qualifying for a Used Car with a Low Down Payment
To see if you qualify to buy a reliable used car via our Tax Max Program, bring in your most recent pay stubs showing your tax withholding and year-to-date totals for each of your employers. One of our financial specialists will use your pay stubs to calculate your anticipated tax refund using the Tax Refund Services (TRS) calculator.
To qualify, you must:
- Be a new AutoMax customer.
- Not combine Tax Max with any other special offer.
- Qualify for auto credit under our standard underwriting guidelines (most people do).
- Be receiving an estimated tax refund of greater than three times the deferred seasonal payment amount.
- Be prepared to pay for taxes, tags, and license fees at the time of sale, as well as the $399 standard document fee charged on all cars sold at AutoMax.
- Participate in the program during the special promotion dates, which change yearly. This year’s program begins November 10, 2023 and concludes March 9, 2024, with the seasonal deferred payment due on the agreed upon date in your contract (no later than April 1, 2024).
If you aren’t sure whether you qualify, contact us to learn more. We’ll help you figure out the best way to put your tax refund to work for you.
Deferred Seasonal Payment Example
Let’s take a look at this example to illustrate how this helpful program works. Jane Doe lives near Raleigh, North Carolina, and is in the market for a used car. She received approval for financing at AutoMax – and you will, too – but needs to make a $1,500 down payment on the car she’s fallen in love with. Luckily for Jane, it’s Tax Max time! A financial specialist at AutoMax determines Jane likely will receive a $4,000 tax refund, qualifying her for the Tax Max Program. Jane uses the $500 down payment program to pay just $500 toward her used car purchase today, because her tax refund will be more than three times the remainder of her deferred seasonal payment. Jane makes a note of her due date to pay $1,000, her deferred seasonal payment, on the agreed upon date in her contract (no later than April 1, 2024). After she receives all her tax documents, Jane returns to AutoMax to receive her free tax preparation through Tax Refund Services (TRS). When her tax refund comes in, she pays the deferred seasonal payment, $1,000.
What Your $500 Down Payment Includes
Our Tax Max Program requires a down payment of an affordable $500. This applies toward the purchase price of the used car for sale you choose from our lots. The down payment does not include taxes, tags, license, and document fees which is required at the time of sale.
Who should apply for the Tax Max Program?
- Your tax refund will be estimated by Tax Refund Services (TRS). The TRS refund estimate is used in determining your eligibility, however that estimate may be inaccurate.
- AutoMax will only defer up to one third (1/3) of your estimated upcoming tax refund. (For example, if TRS estimates your refund at $3,000, your maximum deferred payment would be $1,000.)
- If TRS is unable to estimate your upcoming tax refund, you will not qualify for the one-time deferment payment in March.
- Individuals with outstanding, pending, or uncleared offsets on your federal tax returns will not qualify for Tax Max. Offsets include, but are not limited to: past due child support, delinquent student loan debt, or unpaid unemployment compensation.
- If you already have specific plans or bills that need to be paid with your tax refund then this program will not work for you.
- Individuals without a recent pay stub from a current employer will not qualify for Tax Max. If you do not get a regular paycheck, or do not have a verifiable paystub, the program will not work for you.
- Be prepared to answer a few simple questions about your tax situation. If you are unsure or unable to answer questions about your income or household size, this program is not for you.
- $500 Down does not include: tax, tags, license, and document fees.
Ready to Get the Most Out of Your Tax Return?
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Pricing and Availability Conditions
*The advertised down payments and corresponding biweekly payments are meant to be used as a guide when shopping for a vehicle. This guide shows customers what the down payment and biweekly payments would be and are meant to be used when the customer is considering affordability. Down payments listed are with approved credit only. All deals will be charged a $399 document fee. All financing is offered at 25.99% annual percentage rate (APR) regardless of term, down payment and customers credit score. Customers may negotiate down payment and term, but the price and APR are non-negotiable. . All pricing and details are believed to be accurate, but we do not warrant or guarantee such accuracy, and we reserve the right to make corrections at any time. Call or email for complete vehicle specific information.
All tax return filing and processing will be handled exclusively by Tax Max. Inc. AutoMax is not responsible for any tax return filing and processing performed, or not performed, by Tax Max and makes no representation or warranty about Tax Max’s services. AutoMax is not an agent, principal, owner, or affiliate of Tax Max.