If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your taxes.

The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these specific qualifications can benefit.

A new LendingTree study reveals a stark shift in American auto buying: nearly half of all car loans now stretch beyond six ...

A viral post claims a $10,000 tax credit for buying American cars. The truth is a more modest deduction for loan interest. We ...

Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans. A record share of Americans — more than 20% — agreed to pay more than $1,000 per ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

U.S. consumers owe a record $1.66 trillion in auto loan debt, according to the Consumer Federation of America, making it the largest category of consumer debt after mortgages. Nearly one in five (19.3 ...

Discover how to sell your car with an outstanding loan.

View post: Shoppers 'Love the Size' of This $400 Portable Storage Shed, and It's 75% Off at Target Auto loan delinquencies and tighter lending indicate economic challenges and industry slowdown.

Auto refinance rates start below 4% for qualified borrowers Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side. Edited By ...

In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever recorded.

Weigh the pros and cons of paying off your auto loan early and consider your financial situation. Many, or all, of the products featured on this page are from our advertising partners who compensate ...