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In an effort to boost the sale of vehicles made in the USA, a new GOP tax proposal could allow car buyers to deduct up to $10,000 of interest paid on their car loans from their taxes. President Donald Trump anno...

The car industry is facing more changes as it deals with new tariffs (which are special taxes on goods brought into a country) and adjustments to how the government helps people afford vehicles. If you...

The U.S. Department of the Treasury and the IRS have put in place temporary new rules to help businesses and lenders adjust to recent changes about how interest on car loans should be reported. ...

Have you fallen behind on your car loan payments? Returning your car to your lender, a process known as voluntary repossession, might seem like a solution.  However, it's important to know that doing so can hurt...

When you finish paying off a car loan, you might expect your credit score to go up, right? However, sometimes your score might take a hit, and here's why that can happen.   How Paying Off a Loan Affect...

Having bad credit doesn’t mean you can’t get a good deal on a car loan. Even with credit scores below 670, you've got options.  It’s all about looking around to find the best deal. We checked o...

Buying a car can be exciting, but it can also get confusing—especially with all the paperwork, fees, and financing options involved. Auto loans are often necessary for many buyers, but not all...

Congress passed a new tax law as part of the "One Big Beautiful Bill Act," signed by President Trump on July 4, 2025. This law lets people deduct up to $10,000 per year in car loan interest paid on ...

If you’re considering buying an electric car, now is a good time to act. The federal government’s tax credit for electric vehicles (EVs) will end on September 30, 2025. Until then, you can sa...