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

Loan terms on new vehicles are commonly stretching beyond the usual 36 and 48 months. Now it's normal to see terms of 60 and 72 months at rates of 2 percent or lower across all types of vehicles and ...

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 federal income tax returns.

Edmunds data shows new-car loan rates have been falling, but higher vehicle prices are pushing monthly payments higher.

Car buyers in the United States are facing one of the most expensive markets in recent memory, and the data is starting to show just how steep the climb has become. More than 80 percent of new car ...