Unlock a new tax deduction for your vehicle. If you bought a new car in 2025, you could deduct up to $10,000 in loan interest ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...

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

Buying a car has become increasingly expensive: The average loan for a new car hit a record $781 in December 2025, according to Edmunds. Used car loan payments are up to $568 a month, a $14 increase ...

There are several sensible reasons to consider refinancing a car loan. Among them are lowering the monthly payment, shortening the loan terms, and reducing the interest rate. Read our tips to learn if ...

A debt-to-income ratio under 36% is ideal ...

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 ...

More new-car shoppers are taking on seven-year loans, a trend that underscores the rising cost of financing a vehicle. Auto loans with terms of seven years or longer made up 22% of all new vehicle ...

Buying a new car isn’t cheap. The average cost of a new car was $49,814 in November 2025, while the average cost of a used car was $25,730 in December, according to Kelley Blue Book. Given these costs ...

Refinancing your car loan might save you money and lower your monthly payments Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy ...