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

Discover how simple interest benefits borrowers in car loans and consumer purchases, and learn why it might not be ideal for ...

A simple-interest car loan is a common way to borrow money to buy a car. What’s great about simple-interest auto loans is that you can save money with this loan structure when you’re buying a vehicle.

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 ...

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 ...

The new tax break on car loan interest comes equipped with a trunk full of caveats. How much you might, or might not, benefit depends on how much money you borrow, your interest rate on the loan, and ...

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 ...