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Trade In a Car During Tax Season: How a Refund Can Help

Typewriter with paper that says "TAX RETURN"

Planning to trade in a car at Findlay GMC Prescott this tax season? Your refund can help your trade-in go even further, giving you the freedom to find a shorter term or an even more satisfying drive. With all of these benefits and a summer of driving adventure ahead, tax season is a great time to make every trip more engaging.

Lowering Your Financing Amount

When you trade a car in, its value is added as a down payment on your financing plan. Combining the trade-in value with your tax refund makes the down payment even bigger, reducing the amount that you’re financing and improving the terms you’re offered. Even if you don’t change your terms with an additional refund, you’ll enjoy lower payments every month.

Avoiding Negative Equity

Many drivers trade a car in with debt left on their loan. If the amount you still owe on your loan is more than the trade-in value you're offered, you'll have negative equity — a gap you'll need to pay off or roll into your new loan. Your tax refund can help cover that gap, making financing a new car even easier.

Upgrade Your Drive

Between a trade-in and a tax refund, you may find you have the purchasing power for an even more exciting GMC SUV. If you’re looking at the 2026 GMC Yukon, you may be able to take home the even larger 2026 GMC Yukon XL with this extra buying power. You can also add available packages or explore a higher-level trim for an even more refined drive.

Trade In a Car Today in Prescott, AZ

Tax season is the perfect time to find your next engaging GMC SUV. Talk to our team at our Prescott, AZ GMC dealership about how your tax refund and trade-in can take you farther this summer. Apply for GMC financing and take a test drive today!

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