Auto Loan Interest Deduction at Currie Motors Ford of Valpo
Considering a new Ford and looking for ways to make your investment work harder for you? Drivers shopping at our Valpo Ford dealership can take advantage of a significant new tax benefit: the federal auto loan interest deduction. This deduction can put money back in your pocket by allowing qualifying buyers to deduct interest paid on their car loan, making it more affordable to get behind the wheel of a new Ford.1
If you’re hoping to maximize savings and want clear guidance on this new law, Currie Motors Ford of Valpo is here to support you every step of the way.
What’s the New Auto Loan Interest Deduction?
A recently enacted federal policy now permits eligible buyers to deduct up to $10,000 per year in interest paid on auto loans for qualifying vehicles, available through December 31, 2028.1 You don’t have to itemize your tax return — you can claim this deduction even if you opt for the standard deduction.
To be eligible, your new Ford must be assembled in the United States.1 Many of the most popular Ford models meet this requirement, so you have a wide variety of options to consider. Be sure to keep your financing documents and your lender’s interest statements, as these will be needed at tax time.
Auto Loan Interest Deduction Qualifications
Are you looking into getting Ford financing in Northwest Indiana? Make note of these important eligibility guidelines for the auto loan interest deduction:
- Income Requirements: The deduction phases out if your modified adjusted gross income surpasses $100,000 (for individual filers) or $200,000 (joint filers).1
- Vehicle Requirements: Only new vehicles manufactured in the U.S. qualify, including many Ford trucks, EVs and SUVs.1
- Documentation: You’ll need to provide loan agreements and statements reflecting interest payments when claiming your deduction.1
- Deadlines: You must finance your new vehicle before the conclusion of 2028 to take advantage of these savings.1
Why Finance at Currie Motors Ford of Valpo?
If you’re curious as to why customers choose us, discover the benefits of buying at Currie Motors Ford of Valpo below:
- Strong Reviews & Reputation: Our dealership is known for transparent, friendly service, with feedback from satisfied customers to prove it.
- Currie Motors Commitment: We’re dedicated to supporting our customers at every turn, whether you’re buying, financing or servicing your Ford in Valparaiso.
- Largest Ford Inventory in the Region: Find a vast selection of new Ford vehicles, ensuring you have no shortage of models to consider.
- Array of Financing Options: Our experienced finance professionals will review every available offer to tailor a payment plan that fits your lifestyle.
How to Finance a New Ford Near Me
Ready for the benefits of the new auto loan interest deduction? If you’re interested in Ford financing in Valparaiso, Currie Motors Ford of Valpo is prepared to streamline the process for you. From versatile trucks and iconic SUVs to the latest hybrids and EVs, many of our new Ford models qualify for this exclusive tax incentive.
For more information, to discuss offers or to start the Ford financing process, contact Currie Motors Ford of Valpo. Let our team answer your questions about eligibility, documentation and savings, so you can drive home the Ford you want with confidence!
Learn More: About Us | New Ford Specials | Ford Hybrids & EVs | Ford F-150 Overview
1 See dealer for details. Eligibility and requirements are subject to change. We recommend speaking with a tax professional.