Buying a new Ford truck or SUV is now even more attainable for Colorado drivers thanks to the federal auto loan interest deduction. This incentive gives you the power to save on your next Ford while driving a vehicle built with American craftsmanship at its core.
If you're interested in maximizing savings and owning the car you've always wanted, let O'Meara Ford in Northglenn walk you through the details and benefits.
What Is the New Auto Loan Interest Deduction?
A recently introduced federal program now allows qualified buyers to deduct up to $10,000 per year in interest paid on auto loans for eligible new vehicles now through December 31, 2028.1 You don't have to itemize your tax return to claim this deduction, making it conveniently accessible for most car shoppers.
To qualify, your new vehicle must be assembled in the United States. Ford has always put American manufacturing first, with many popular Ford trucks, SUVs and EVs assembled right here in the U.S. That means a broad range of new Ford models meet the standard for this exclusive tax-saving incentive.
The following Ford vehicles are made in America and may be eligible for the new auto loan interest deduction:1
- 2025 Ford F-150
- 2025 Ford F-150 Lightning
- 2025 Ford F-150 Hybrid
- 2025 Ford Explorer
- 2025 Ford Ranger
- 2025 Ford Bronco
- 2025 Ford Mustang
- 2025 Ford Escape
- 2025 Ford Expedition
- 2025 Ford Expedition MAX
Auto Loan Interest Deduction Requirements
If you're planning to finance a new Ford, keep these key guidelines in mind:
- Income Caps: The deduction phases out at $100,000 modified adjusted gross income for individuals or $200,000 for joint filers.
- Eligible Vehicles: Only new vehicles assembled in the U.S. qualify, which includes many popular Ford vehicles like the F-150, Bronco, Escape and more.1
- Documentation: Hold on to your auto loan agreement and interest statements -- they'll be required when you claim the deduction.
- Deadline: Your new Ford must be financed by the end of 2028 to be eligible for this program.1
Apply for an Auto Loan in Northglenn, CO
Interested in taking advantage of the federal auto loan interest deduction for your next vehicle purchase? Contact O'Meara Ford to get answers to your questions, review eligible models and start your financing process. Drive home in a Ford that delivers quality, value and the pride of American assembly while enjoying substantial long-term savings.
More Resources: The O'Meara Advantage
1 See dealer for details. Eligibility and requirements are subject to change. We recommend speaking with a tax professional.
