Tax season isn’t exactly the most relaxing for drivers. You have to gather up official documents and forms, schedule appointments with accountants and get all of your banking information in order, but it can all pay off if you get a tax refund. While saving that sum of money is always an option, many people choose to invest this refund in something worthwhile, such as a car.

According to GOBankingRates, about 25 percent of Americans plan to purchase a car with the help of their tax refunds. Because the average refund comes in at more than $3,000, that is a significant step toward funding the purchase of a car. It also allows buyers to take a look at higher-quality used cars that may have previously been outside their price range.

“The average tax refund is equivalent to a 20 percent down payment on a $15,000 auto loan; combined with today’s very low interest rates, it is a great time to buy a car,” said Casey Bond, the managing editor for GOBankingRates. “In fact, qualified car buyers can expect to find a three-year loan around just 3 percent. Three years ago, you’d pay double.”

There is even more good news for drivers interested in a used car. Auto loans in the New York City area are at a relatively low rate of 2.81 percent interest. That is lower than major metro areas like Philadelphia, Los Angeles, Houston and others, according to GOBankingRate.

If you’ve decided to use your tax refund on a used car, be sure to shop smart at NJ State Auto. The lot has hundreds of Carfax-certified cars, trucks and vans, and one of those vehicles could be right for you and your budget.