If you don’t ask your new Hyundai dealer about these tax season opportunities, you may be missing out on ways to save. You may qualify for new tax deductions if you haven’t filed yet, and if you already have your tax refund, you can make it work for you. These opportunities make it an even better time to find your next new Hyundai car at Jenkins Hyundai of Ocala.

Does This Car Qualify for New Tax Deductions?

A new tax deduction was added this year for cars that are assembled in the US. That includes the Hyundai Santa Fe, the Hyundai Tucson, and the Hyundai Santa Cruz, all of which are put together at the Hyundai plant in Alabama. Some Hyundai EVs like the Hyundai IONIQ 5 and the Hyundai IONIQ 9, which are assembled in Georgia, also qualify for these tax deductions on loan interest.

Can a New Car Help My Business Taxes?

If you’re planning to drive your new car at least 50 percent of the time for business purposes, a business tax deduction can help you save. Both leasing and traditional financing offer benefits to business drivers: leasing lets you deduct your monthly payments, while financing lets you deduct interest and depreciation from your costs. Either way, you’ll need to track how much you drive for work or for personal use.

How Can I Make My Tax Refund Go Further with This Car?

Already received your tax refund? You can invest that money in your next new Hyundai car and enjoy an even more premium drive. Talk to our team about how you can add new features, upgrade to a higher trim, or find an even more exciting model.

Test-Drive a New Hyundai Car in Ocala, FL

Tax season is a great time to find your new favorite way to explore Florida. Visit our Ocala, FL Hyundai dealership and talk to our team about how financing can help you. Apply for Hyundai financing, then take a test drive today!