A concerned grandson recently shared a troubling story that drew serious concern from the personal finance community: their ...

The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...

Edmunds reports that a 60-month car loan is ideal, balancing payments and interest, while longer terms lead to higher costs ...

That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter of 2025, Edmunds reports. In auto industry parlance ...

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 ...

IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...

Paying off your car early can potentially save money.

Despite the elimination of the federal tax credit for electric vehicles, car buyers still get some tax relief. President Donald Trump’s Big Beautiful Bill includes a provision that allows car buyers ...

A rumor going around online stated that President Donald Trump has proposed 15-year auto loans. While not true, a 15-year auto loan wouldn’t financially be a good idea in the long run. A wild idea ...