Deduct up to $10,000
On Your Taxes
Take advantage of the new federal tax deduction on auto loan interest for qualified U.S.-assembled vehicles
How the Auto Loan Interest Deduction Works
Up to $10,000 Deduction
Deduct up to $10,000 in auto loan interest per year from your taxable income, providing substantial tax savings.
U.S.-Assembled Vehicles Only
Supports American manufacturing by requiring vehicles to be assembled in the United States to qualify for the deduction.
Available 2025-2028
Tax deduction applies to interest paid in tax years 2025 through 2028 on new debt contracted after December 31, 2024.
Does Your Vehicle Qualify for the Tax Deduction?
Vehicle eligibility is still being determined as manufacturers finalize their qualification status.
Verify if your vehicle qualifies by checking its final assembly location with the official NHTSA VIN Decoder.
Customers should consult their tax advisor and our finance team for more information.
View InventoryNHTSA VIN DecoderApply for FinancingQualification Requirements
To qualify for the auto loan interest deduction, you must meet these criteria:
- Purchase a new vehicle assembled in the United States
- Be an eligible individual buyer (not a business purchase)
- Contract new debt after December 31, 2024
- Meet income requirements (see table below)
- Use the vehicle for qualified passenger vehicle purposes
Income-Based Deduction Limits
Disclaimer: This information is for educational purposes only and should not be considered tax advice. Tax laws may change, and individual circumstances vary. Please consult with a qualified tax professional for personalized guidance.
