Save Big With the New Car Loan Interest Deduction at Rosen Automotive
Starting January 1, 2025, purchasing a new car just got even more exciting—and more affordable. Thanks to the recently signed New Car Loan Deduction, you could save up to $10,000 per year in loan interest on U.S.-assembled vehicles. This valuable tax break not only helps car buyers reduce costs but also supports American manufacturing.
At Rosen Automotive, we’re here to help you stay informed and take advantage of this incredible opportunity. Whether you’re shopping with us at Rosen Nissan Milwaukee, Rosen Kia Milwaukee, Rosen Hyundai Greenfield, Rosen Honda Milwaukee, Rosen Nissan Madison, or Rosen Ford Belleville, we’ve got you covered with a wide range of U.S.-assembled vehicles that may qualify for the deduction.
What Is the New Car Loan Deduction?
The New Car Loan Deduction allows vehicle owners to deduct up to $10,000 per year in interest paid on loans for eligible new vehicles. Beginning on 2025 tax returns, new car buyers can take an above-the-line deduction of up to $10,000 in car loan interest during a given tax year. This opportunity applies to vehicles purchased beginning January 1, 2025, and provides significant savings for qualified buyers financing their next car.
Why Does the Auto Loan Interest Deduction Matter?
The cost of financing a new car can add up quickly, especially with long-term loans. This deduction offsets those expenses, making it more budget-friendly to drive the car of your dreams while supporting American jobs. When you buy your next vehicle at a trusted Rosen Automotive dealership, you’ll have access to a variety of eligible models assembled right here in the U.S.
Who Can Claim the New Car Loan Interest Tax Deduction?
While the deduction provides fantastic benefits, it does come with a few eligibility requirements:
- U.S.-assembled vehicles only: This deduction specifically applies to vehicles built in the United States. Imported vehicles or those manufactured abroad do not qualify.
- Income limits: Taxpayers with an adjusted gross income (AGI) above a certain level cannot claim the deduction.
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- Individuals see a phase-out between $100,000 and $150,000 AGI.
- Joint filers have the phase-out range between $200,000 and $250,000 AGI.
- Above these thresholds, the deduction is not available.
- Loan timeline: Only vehicles purchased starting January 1, 2025, are eligible for the deduction.
Understanding these guidelines is important to ensure you meet the criteria and fully enjoy the benefits.
Which Rosen Automotive Vehicles May Qualify For A Tax Deduction?
At Rosen Automotive’s Wisconsin dealerships, you’ll find a robust selection of U.S.-assembled vehicles. If you’re shopping for a new car in Milwaukee, Madison, Greenfield, or Belleville, we’re here to help you find an eligible model that fits your needs. Below is a selection of vehicles that are typically assembled in the United States.
Kia Models Assembled in the U.S.- Available at Rosen Kia Milwaukee
- Telluride – West Point, Georgia
- Sorento – West Point, Georgia
- Sportage – West Point, Georgia
- K5 – West Point, Georgia
- EV6 – West Point, Georgia (from 2025)
- EV9 – West Point, Georgia
Nissan Models Assembled in the U.S – Available at Rosen Nissan Milwaukee and Rosen Nissan Madison
- Altima – Canton, Mississippi
- Rogue – Smyrna, Tennessee
- Pathfinder – Smyrna, Tennessee
- Murano – Canton, Mississippi
- Frontier – Canton, Mississippi
- Titan – Canton, Mississippi
- LEAF – Smyrna, Tennessee
Honda Models Assembled in the U.S – Available at Rosen Honda Milwaukee
- Accord – Marysville, Ohio
- Civic – Greensburg, Indiana and East Liberty, Ohio
- CR-V – Greensburg, Indiana and East Liberty, Ohio
- Odyssey – Lincoln, Alabama
- Passport – Lincoln, Alabama
- Pilot – Lincoln, Alabama
- Ridgeline – Lincoln, Alabama
Hyundai Models Assembled in the U.S – Available at Rosen Hyundai Greenfield
- Santa Fe – Montgomery, Alabama
- Santa Fe Hybrid – Montgomery, Alabama
- Tucson – Montgomery, Alabama
- Santa Cruz – Montgomery, Alabama
- IONIQ 5 – Savannah, Georgia (from 2025)
- Elantra – Montgomery, Alabama
- Sonata – Montgomery, Alabama
Ford Models Assembled in the U.S – Available at Rosen Ford Belleville
- Bronco – Wayne, Michigan
- Escape – Louisville, Kentucky
- Expedition – Louisville, Kentucky
- Explorer – Chicago, Illinois
- F-150 – Dearborn, Michigan and Kansas City, Missouri
- F-150 Lightning – Dearborn, Michigan
- Ranger – Wayne, Michigan
- Super Duty – Louisville, Kentucky and Avon Lake, Ohio
- Mustang – Flat Rock, Michigan
Important Note
Although the above vehicles are typically assembled in the U.S., specific trims or production variations may impact eligibility. Be sure to check the window sticker of any vehicle you’re considering or confirm with your Rosen Automotive sales consultant to verify that your vehicle is U.S.-assembled and qualifies for the tax deduction.
Take Action Today
If you’re excited about this new tax benefit, Rosen Automotive’s Wisconsin dealerships are here to help. Follow these simple steps to make the most of your deduction:
- Explore eligible vehicles: Visit Rosen Nissan Milwaukee, Rosen Kia Milwaukee, Rosen Hyundai Greenfield, Rosen Honda Milwaukee, Rosen Nissan Madison, or Rosen Ford Belleville to find an eligible model.
- Confirm assembly locations: Our team can help you verify where your chosen vehicle was built to ensure it qualifies for the deduction.
- Consult a tax professional: A financial expert can help you understand your eligibility based on income and guide you in applying the deduction.
Visit Rosen Automotive Today
At Rosen Automotive, we make it easy to find the perfect U.S.-assembled vehicle that fits your lifestyle and budget. With dealerships conveniently located in Milwaukee, Madison, Greenfield, and Belleville, you’re never far from expert assistance and a fantastic selection of vehicles.
Don’t wait—contact your nearest Rosen dealership today to learn more about the New Car Loan Deduction and explore vehicles that qualify. Drive away with a new car and enjoy impressive tax savings starting in 2025!
