Deduct $10,000 in Car Loan Interest in Boerne, TX
Ford of Boerne is committed to providing our Boerne, TX, customers with more value from your vehicle purchase. That’s why your Boerne Ford dealer wants to let you know about new federal tax benefits that may make financing a new Ford more affordable. With the new “No Tax on Car Loan Interest” provision, eligible buyers can deduct $10,000 per year in interest paid on qualifying auto loans, potentially lowering their overall tax burden.
This tax benefit applies to auto loans taken out after December 31, 2024, for new vehicles assembled in the United States. Additionally, the deduction is available whether you itemize or take the standard deduction. Whether Boerne, San Antonio, and Fredericksburg drivers are looking for a Texas auto loan or are comparing car loans near me, the new law provides shoppers with one more reason to consider financing a new Ford at your Boerne Ford dealership today.
Ford Models Assembled in the US:
Ford F-150 - Dearborn, Missouri
Ford Mustang - Flat Rock, Missouri
Ford Bronco - Wayne, Missouri
Ford Ranger - Wayne, Missouri
Ford Escape - Louisville, Kentucky
Ford Expedition - Kentucky Truck, Kentucky
Ford Super Duty - Kentucky Truck, Kentucky
Ford Explorer - Chicago, Illinois
Tax Deduction Provision FAQs
Get answers to some of the most frequently asked questions related to the new “No Tax on Car Loan Interest” provision as you continue your new Ford shopping journey in Boerne, TX.
What vehicles qualify for this deduction?
Only new vehicles assembled in the United States qualify. Used vehicles do not qualify, even if financed through auto loans or other lenders.
How do I know if my vehicle was assembled in the US?
Please check your VIN to verify the country of origin. If your VIN starts with a 1, 4, 5, or 7, then it was assembled in the United States. You can find the VIN printed at the base of the windshield on the driver's side, on your auto insurance card, and on the vehicle registration.
Does the vehicle have to be for personal use?
Yes. The vehicle must be purchased primarily for personal, non-commercial use.
When does this tax benefit apply?
The deduction applies to auto loans taken out after December 31, 2024.
Is there a limit on how much interest I can deduct?
Yes. The deduction is capped at $10,000 per year in qualifying auto loan interest.
Can I get a deduction on a lease or used vehicle?
No. The current rules apply only for new vehicles meeting the assembly criteria.
Should I talk to a tax professional?
Yes. While this benefit can offer meaningful savings, individual tax situations vary. We recommend speaking with a tax professional to understand how this deduction applies to you.
Finance Today at Ford of Boerne
With this new federal tax deduction on qualifying auto loans, now is a perfect time to buy your new Ford. Boerne, San Antonio, Kerrville, Comfort, and Fredericksburg shoppers may be able to deduct $10,000 per year in car loan interest on qualifying new Fords, providing additional savings for Texas customers.
The team at Ford of Boerne is committed to making financing your next Ford as simple and stress-free as possible. Our Ford finance center works with a varied network of lenders to offer competitive auto loans and flexible terms tailored to work with your budget. Whether you are looking for a Ford auto loan in Boerne or are comparing car loans available, we want to simplify the process of finding a plan that works for you. If you’re looking to get pre-qualified or value your trade-in vehicle, our team is here to help with all of your financing needs.
At Ford of Boerne, our expert sales and finance staff are dedicated to guiding our Boerne shoppers through every step of the purchasing process, helping our customers take advantage of all incentives and programs available to you, so you can drive home satisfied with your new Ford.