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

Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans. A record share of Americans — more than 20% — agreed to pay more than $1,000 per ...

Buying your first car is an exciting milestone, but it can feel overwhelming. With so many decisions to make—from choosing the right model to securing financing—it’s easy to get lost. This simple, ...

The share of new-car buyers who pay $1,000 or more per month for their auto loans rose to a new record in the fourth quarter, according to Edmunds data.

Car loans for Ford and GM models may be easier to get from new banks that the automakers are now cleared to establish.

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 looking for flexibility in their budget might consider refinancing their car loan - but borrowers should keep in mind that a loan with a lower monthly payment isn't always the best deal. As ...

Paying off your car early can potentially save money on interest and reduces your debt, but it could strain your budget or result in other drawbacks Written By Written by Staff Loans Writer, Buy Side ...

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. Starting in tax year 2025, taxpayers will be able to deduct up to ...

Almost 30% of recent new car buyers were underwater on loans for their trade-ins, according to new data released by Edmunds.com.