Is car loan interest tax-deductible in 2025? Learn who qualifies under the new 2025 to 2028 rules, income limits and business ...

Compare auto lenders that work with low credit scores, and explore strategies to improve approval odds and reduce rates Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...

You could be left paying nearly double in interest.

The average cost of a vehicle is not cheap by any means. A new car costs almost $48,759, while the average price of a used car is $26,446. Many consumers simply don’t have the cash to buy a car ...

Navigate the car loan refinancing process to potentially lower your interest rate and monthly payments Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal ...

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a new vehicle assembled in the United States.