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It Might Surprise You What Folks Do with Tax Refunds

19.05.12

** Survey respondents were able to select multiple options

According to the IRS, the average federal tax refund is $3000. That's not going to buy you a new car. It is going to make a nice down payment but that money could go a long way towards spicing up your current ride.

According to the survey, on average, respondents who expect to spend at least some of their refund on a vehicle or parts and accessories plan to put 31 percent of this year’s refund toward a vehicle-related expense. In addition, 42 percent of respondents say they plan to take automotive-related deductions when they file their taxes.

“The survey findings support the trends we have seen over the past few years in relation to sales and search increases on eBay Motors over the course of the Tax Season,” said Gregory Boutte, vice president of eBay Motors and Electronics in North America. “This increased activity speaks to the selection and value people have come to associate with eBay Motors. With more than 22 million parts available on the site at any given time, eBay Motors is the place where people looking to spend refund dollars can find just about anything they need for their vehicle, whether they’re shopping online or from their mobile devices.”

Source: Torque News

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