Deduct up to $10,000 in car loan interest on a new USA-built Toyota!
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Tax Deduction on Car Loan Interest for New USA-Built Toyotas
Buying a new vehicle may now come with a meaningful tax advantage. Qualified buyers may be eligible to deduct up to $10,000 in car loan interest when purchasing a new, U.S.-assembled Toyota vehicle and financing it with a qualifying auto loan.
At DCH Brunswick Toyota, we're here to help you understand how this tax deduction works, which Toyota models qualify, and how financing a new Toyota could deliver added value beyond the drive itself.
How the Car Loan Interest Tax Deduction Works
Under current federal tax guidelines, eligible buyers may deduct up to $10,000 of interest paid on a qualified auto loan when purchasing a new Toyota vehicle assembled in the United States.
This deduction applies to interest paid on an auto loan-not the purchase price-and may help reduce taxable income for qualifying individuals.
Disclaimer:
* You may deduct up to $10,000 per year in car loan interest
* The vehicle must be new and assembled in the United States
* The loan must be taken out after December 31, 2024
* The vehicle must be for personal use
* Income limits apply
* Applies only to financed vehicle purchases
*Leases do not qualify since lease payments are not considered loan interest under federal tax law
*Available for tax years 2025 through 2028 and can be claimed even if you take the standard deduction
*This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability.
Why Finance a New Toyota at DCH Brunswick Toyota?
Choosing to finance your new Toyota locally offers more than convenience-it gives you access to knowledgeable professionals who can walk you through both the vehicle purchase and the financing process with clarity.
Benefits of financing with us include:
- Competitive auto loan options
- Access to new Toyota models assembled in the USA
- Clear explanations of loan terms and interest
- Support in understanding available tax-related benefits
- Our finance team works directly with trusted lenders to help you explore loan structures that align with your goals.
How can we help?
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DCH Brunswick Toyota
1504 U.S. Route 1
North Brunswick Township, NJ 08902
- Sales: (844) 478-6399
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