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The new tax deduction for car loans isn’t as great as it sounds. Here’s how it works.
The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...
Edmunds reports that a 60-month car loan is ideal, balancing payments and interest, while longer terms lead to higher costs ...
Another financial quarter of American car loan data is in the books, and Edmunds has published its latest analysis on what the average loans look like for new and used vehicles. Perhaps unsurprisingly ...
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 ...
Money Talks News on MSN
Need to finance a car? Learn what you're signing up for first
Getting a new ride is exciting, but be sure you know what you're getting into if you have to borrow to buy one.
New car financing is available for under 4% APR for borrowers with high credit scores Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for ...
A number of the federal tax changes in the “Big Beautiful Bill” deliver less than they seem to promise, but nonetheless offer opportunities for some people to save a bit of money. In last week’s ...
Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...
You’re more likely to find rates below 4% when you have a higher credit score Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side ...
New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those who applied for auto loans in October 2025, 15.2% — or more than 1 in 10 — ...
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