Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?

Auto loan rates range from below 4% annual percentage rate (APR) to above 14% APR, depending on your financial situation and whether you purchase a new or used car. The best auto loan rates are ...

If you're one of the millions of Americans who purchased a new car last year, you could benefit from a new tax break that allows taxpayers to deduct interest paid on their auto loans. The car loan tax ...

Emily Sherman is a staff loans writer for Buy Side, covering personal, auto, student and business loans. She has been writing about personal finance and higher education topics for the past eight ...

Over 20% of new car purchases in Q4 2025 were 84-month financing deals. Consumers are looking to lengthier auto loans to lower monthly car payments, but the combined interest costs drastically ...

Capital One offers vehicle refinancing as well as new and used vehicle financing Written By Written by Staff Loan Writer, Buy Side Bob Haegele is a staff loan writer at Buy Side covering auto loans, ...

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 ...

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 — ...