One Big Beautiful Bill Act Auto Loan Interest Deduction

Deduct up to $10,000/year in qualifying auto loan interest

When you purchase a new car assembled in the US.

One Big Beautiful Break for Car Buyers

Car Loan Interest Deductions Now Available at Kayser Under H.R.1 – The One Big Beautiful Bill.

What’s the Big News?

The recently signed One Big Beautiful Bill (OBBB, H.R.1) brings a bold new benefit to American car buyers: the opportunity to deduct the interest paid on qualifying new car loans. This means that your next new Ford, Jeep, Chevy, Lincoln—or any vehicle from Kayser’s lineup.

Can I really deduct my car loan interest?

Yes—if your purchase meets the requirements under the OBBB, you may be able to deduct interest paid on a qualifying new vehicle loan from your taxable income.

Can Kayser help?

Absolutely. Kayser’s finance experts can:

  • Help you find qualifying vehicles
  • Structure your financing to meet deduction rules
  • Provide documentation to support your tax claim

We proudly serve Wisconsin drivers with no-commission salespeople, a money-back guarantee, and now—one big beautiful deduction.

What vehicles qualify?

You must purchase a new vehicle for the deduction to apply. Eligible vehicles include:

  • Pickup trucks like the Ford F-150, Ram 1500, and Chevy Silverado
  • SUVs like the Lincoln Navigator, Jeep Grand Cherokee, and Buick Enclave
  • Crossovers, sedans, and vans used for personal, family, or mixed-use

Used vehicles are not currently eligible under this provision.

When does this start?

The deduction applies to new car loans originated after the OBBB signing date and before the end of the current tax year. Ask our finance team if your timing qualifies.

More FAQs

Yes. Vehicles used for personal use, family transportation, or partial business use may qualify. Fully commercial fleet vehicles are subject to separate IRS treatment.

You can deduct the interest paid on the first $75,000 of your vehicle loan. Any interest accrued beyond that loan amount is not deductible under the OBBB.

No. You may use any qualified lender, including dealership financing, credit unions, or banks. The key is that your loan includes clear interest terms and is used to finance a new qualifying vehicle.

To claim the deduction, you should retain:

  • Your signed loan agreement
  • Your vehicle purchase documents
  • End-of-year lender statement (Form 1098 or equivalent)
  • Documentation of how the vehicle is used

In most cases, yes. This deduction may require you to itemize deductions on your federal return instead of taking the standard deduction. A licensed tax advisor can help you determine what’s best for you.

The current provision is expected to remain active for three years, though that could change with future legislation. Act fast to take full advantage while it lasts.

Start Your Savings Now

Shop New Vehicles

Kayser Automotive Group does not provide tax or legal advice. Vehicle loan interest deductibility is subject to eligibility under H.R.1 (One Big Beautiful Bill), including vehicle type, loan amount, usage, and individual tax circumstances. Customers are strongly encouraged to consult a licensed tax professional to determine eligibility and deduction limits. Not all customers will qualify.