Thursday, June 24, 2010

Does Anyone know this works? Using your income tax return(last paystub) for down payment on a car?

like do they have to use your whole return or can they use partial of it. how does it workDoes Anyone know this works? Using your income tax return(last paystub) for down payment on a car?
They are basically using your return to verify funds on the post-dated check that you write them. You can use whatever portion you want, as you won't be handing them the gov't check, you'll be giving them your own.Does Anyone know this works? Using your income tax return(last paystub) for down payment on a car?
A tax return is your money to do with as you wish. You can choose to only use part of it as a down payment and have the dealership cut you back a check for any unused part.


You're better off deposit ting or cashing your return at your own bank rather than handing the entire check over to a dealer and get stuck playing games with an untrustworthy dealership.
It depends. If you go into a dealership that will file your taxes for you if you purchase a car then you have to use the full income tax return. If you do your own tax return or have a CPA then cash the check and then give whatever down payment you want to give

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