How to Use Your Tax Refund for a New Car

Tax time is the best time to buy a new car at Melloy Dodge. Using your refund to purchase your new car is a smart move because it can save you money, improve your cash flow, or help you qualify for a loan.

Buying your new car with your tax refund is budget-friendly. Since an average tax refund is nearly $3,000 according to IRS statistics, your refund allows you to make a larger down payment than you otherwise might. Buyers who can combine their refund with a trade-in can further increase their down payment. A sizeable down payment saves money because it reduces the amount you need to borrow, which lowers both your monthly payment and the amount of interest you pay.

An alternative is to use your refund to improve your monthly cash flow. Making your monthly car payments with your refund frees up cash each month for other expenses. An average refund should cover your car loan for several months.

If your credit is less than stellar, tax time is the best time of the year for a new vehicle. Your tax refund can help you qualify for an auto loan. The large down payment from your refund shows the lender that you're serious about paying for a vehicle. The lender considers that you would have a lot to lose if you were to default on the loan.

When you're ready to purchase your new vehicle, contact Melloy Dodge so we can help you find the car that's best for you. You can visit Melloydodge.com for more information on how to get pre-approved instantly!
Melloy Dodge, located at 9621 Coors Blvd NW, just north of Paseo Del Norte. We’re open Monday-Friday, 7 am to 6 pm and Saturday from 8 am to 5 pm.

How the 2019 Ram 1500 Stacks Up

If you’re uncertain about purchasing a new truck, you may want to consider all the benefits of making your next vehicle the 2019 Ram 1500. If you are not loyal to any brand of truck, then shopping for a new truck can be a real headache. The two big front runners for 2019 Trucks are the Ford® F150 and Ram® 1500.

The Ram truck has earned the MotorTrend Truck of the Year award, one of the most prestigious honors bestowed in the auto industry. In year’s past, the Ram 1500 has won this notable award in 2013 and 2014. This year, the Ram 1500 beat out the competition and was voted 2019 MotorTrend Truck of The Year. A quick comparison of the features that Ram has brought (compared to Ford) this year makes it clear to see why they are winning awards and dominating the market.

For the sake of comparison, if you look at the base models of each vehicle with the standard features equipped, the base engine offered on the 1500 series of Ram is a 3.6L V-6 compared to Ford's base of a 3.3L V6. The Ram has 305 Horsepower and brings 269lb⋅ft of torque, but the Ford only has 290 Horsepower and 265lb⋅ft of torque. The Ram 1500’s transmission is an 8-Speed compared to Ford's 6-Speed. Also, Ram gives consumers the added comfort of the air ride suspension while Ford does not have this feature.

You can check out the specifications of the 2019 Ram 1500 at Melloy Dodge by visiting Melloydodge.com for more information or visit Melloy Dodge, located at 9621 Coors Blvd NW, just north of Paseo Del Norte. Come test drive the new 2019 Ram 1500 today and see for yourself! We’re open Monday-Friday, 7 am to 6 pm and Saturday from 8 am to 5 pm. Or visit us online at Melloydodge.com to schedule an appointment!

The 2019 Dodge Durango

Today’s consumer isn’t interested in large gas-guzzling SUVs. That is why newer generation midsize SUVs are perfect vehicles. If you're looking for a new SUV that can seat up to seven people, then the new 2019 Durango from Melloy Dodge may just be the perfect choice for you.
Dodge knows what consumers want, and when they designed the new Durango, they added all the features that customers care about without sacrificing aesthetics. You will be able to haul the whole family around town in a new vehicle from Melloy Dodge. And we can guarantee you will look good doing it too!

Consumers have several trim options for the 2019 Dodge Durango. Customers can choose between the SXT, SXT Plus, the GT, GT Plus, or the R/T models.

The 2019 Dodge Durango offers a 3.6L V6 engine that puts out 260 horsepower. For extra “oomph”, the R/T model is equipped with the powerful 5.7-liter V8 HEMI, giving the Durango 360 horsepower.

When compared to Jeep's Grand Cherokee (which only has two rows of seating), the 2019 Dodge Durango comes equipped with three rows of seats for up to seven passengers. If your next vehicle is going to be transporting a lot of passengers, then the 2019 Dodge Durango is the perfect fit for you.

The V6 engine is rated at 18 MPG city, 25 MPG highway, and a combined 21 Miles Per Gallon. The 5.7L V8 engine produces 14 MPG City, 22 MPG Highway, and a combined 17.6 MPG. The HEMI also comes equipped with a fuel saver mode. This way, you can enjoy the added power without sacrificing fuel efficiency.

You can check out the 2019 Dodge Durango at Melloy Dodge for yourself by visiting Melloydodge.com for more information or by visiting Melloy Dodge, located at 9621 Coors Blvd NW, just north of Paseo Del Norte. Come test drive the new 2019 Dodge Durango today and see for yourself! We’re open Monday-Friday, 7 am to 6 pm and Saturday from 8 am to 5 pm. Or visit us online at Melloydodge.com to schedule an appointment!