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“With cars on the road remaining at historic ages, the data indicating that many Americans are spending more of their tax refunds on their vehicles this year makes a lot of sense,” said Bryan Murphy, head of eBay Motors. To that end, over half of those who are using a portion of their refund on their auto this year will do so either for regular maintenance or repairs, with forty-two percent saying they plan to spend significantly more to do so than last year. Other ways drivers are spending their tax refund money include purchasing new tires (thirty-six percent), looking to pay down or pay off an existing car loan (thirteen percent), and the buying of a new or used car (twenty-five percent).
