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Trump's new car loan tax break could save you thousands – but there's a catch
For the first time since the 1980s, car loan interest is tax-deductible under Trump's recent legislation. The deduction only ...
Learn how credit scores influence car loan interest rates in 2025.
GOBankingRates on MSN
How much you can save on new car purchases in every state under Trump’s tax bill
A new deduction based on income lets you save money on a new auto purchase, but how much you'll save will vary state by state ...
The biggest downside of an 84-month loan is the total interest you pay. Lenders typically charge a higher APR for long loans, but even if the interest rate matches a shorter-term loan, stretching ...
A new tax break in the “One Big Beautiful Bill Act” lets eligible buyers deduct interest on qualifying new vehicle loans from ...
Edmunds reports that a 60-month car loan is ideal, balancing payments and interest, while longer terms lead to higher costs ...
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Gap insurance: Is it needed when buying a new car?
Cheap Insurance reports that gap insurance can be essential for new car buyers to cover the financial gap between owed loan ...
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 ...
With the federal EV tax credit now a thing of the past, sluggish new car sales in November, and the holiday season in full ...
That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter of 2025, Edmunds reports. In auto industry parlance ...
Learn five strategies to reduce your car payment.
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