The Best Ways to Use Your Stimulus Check to Buy a New Car

On March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law. This $2 trillion stimulus package is the largest emergency relief bill in American history. If you need a new car, there’s never been a better time to start shopping. By strategically using your coronavirus stimulus check, you can get the new car you’ve always wanted. 

What to Know About the COVID-19 Stimulus Checks

As long as you have a Social Security number, filed a recent tax return, and make less than $75,000 a year, you’re automatically entitled to a stimulus check of $1,200. If you’re married and earn less than $150,000 total, you and your spouse together are entitled to a stimulus check of $2,400. There’s also a $500 payment for every child under the age of 17 in your care. 

That means a family of five could potentially receive a stimulus payment of $3,900! If the IRS doesn’t have your most up-to-date banking information, be sure to update it online to receive your stimulus check as quickly as possible. The treasury is working on developing a web-based portal to fast-track this process.

Double Your Stimulus Check With This Double Down Payment Offer

Why only use your stimulus check at face value when you can double its value? Find a Tampa used auto dealership like Car Credit that is offering to double your down payment offer. This turns a $1,200 stimulus check into a $2,400 down payment on a new-to-you vehicle. 

Find Flexible Financing

Car Credit offers the fast, flexible, and personalized services you need to get on the road. Financing shouldn’t ever be a concern when you need a car, especially in times like this. We’ve helped drivers throughout Tampa, Florida, purchase quality used cars for over 25 years, and we’re here now to help you get the most use out of your stimulus check. 

When you work with Car Credit, you don’t need to worry about the approval process. Whether you have bad credit or no credit at all, we’ll get you approved as we guide you through the process. Everyone deserves a reliable vehicle, especially in a time like this. 

Call us today at (866) 542-6385 to learn more about our extensive inventory and easy online car buying process.

Scroll to Top