Owe the IRS? Expecting a refund? Your car could be the smartest financial move this tax season. Get instant cash to pay taxes or boost your refund strategy.
Eliminate monthly payments
$400-600/month
Reduce insurance costs
$100-200/month
No more gas expenses
$150-300/month
Skip maintenance costs
$100-150/month
Avoid depreciation
$200-400/month
Capital loss deduction
Up to $3,000/year
Total Monthly Savings
$850 - $1,650
That's $10,200 - $19,800 per year!
Keep sale paperwork for capital gains/loss reporting. May qualify for deductions.
Sell before April 15th for current year. After April affects next year's taxes.
Vehicle sales may impact deductions. Professional advice maximizes benefits.
Whether you owe or are getting a refund, your car could be the key to financial freedom