New Ford Buyers in Greer Can Now Deduct Up to $10,000 in Loan Interest
New Ford Buyers in Greer Can Now Deduct Up to $10,000 in Loan Interest
There's a new tax benefit that most car buyers don't know about yet—and it could save you thousands.
Starting with tax year 2025, the One Big Beautiful Bill Act1 allows you to deduct up to $10,000 per year in interest paid on qualifying new vehicle loans. This isn't a rebate you have to wait for. It's money that comes off your taxable income when you file.
And here's the part that matters for Greer buyers: most of Ford's best-selling vehicles qualify.
How the Auto Loan Interest Tax Deduction Works
Here's why this matters: when you finance a new Ford assembled in the United States, the interest you pay on that loan can be deducted from your federal taxes. You don't need to itemize—it works even with the standard deduction.2
The basics:
- Maximum deduction: $10,000 per year in loan interest
- Available: Tax years 2025 through 2028
- Applies to: New vehicles assembled in the U.S., purchased for personal use
- Loan requirement: Must be secured by the vehicle, originated after December 31, 2024
The actual savings depend on your tax bracket and how much interest you pay—but for most buyers financing a new truck or SUV, this deduction can meaningfully reduce your annual tax bill.6
Ford Models That Qualify for the $10,000 Tax Deduction
Most of Ford's best-selling vehicles are assembled in America—which means they qualify.
Ford vehicles that qualify:3
| Model | Assembly Location | |
|---|---|---|
 |
F-150 | Dearborn, MI / Kansas City, MO |
 |
Super Duty (F-250, F-350, F-450) | Kentucky Truck Plant, KY |
 |
Ranger | Michigan Assembly Plant, MI |
 |
Bronco | Michigan Assembly Plant, MI |
 |
Escape | Louisville Assembly Plant, KY |
 |
Expedition | Kentucky Truck Plant, KY |
 |
Explorer | Chicago Assembly Plant, IL |
 |
Mustang | Flat Rock Assembly Plant, MI |
 |
Transit / E-Transit | Kansas City Assembly Plant, MO |
 |
Econoline | Ohio Assembly Plant, OH |
Models that do NOT qualify (assembled in Mexico): Mustang Mach-E, Maverick, Bronco Sport
Browse our new Ford inventory to see qualifying vehicles in stock.
Income Limits for the Vehicle Loan Interest Deduction
Not everyone qualifies for the full deduction—but most working families do.
Single filers: Full deduction with MAGI under $100,000; phases out at $150,000
Married filing jointly: Full deduction with MAGI under $200,000; phases out at $250,000
For buyers in the phase-out range, the deduction reduces by $200 for every $1,000 above the threshold.4
How to Claim the Ford Vehicle Interest Deduction on Your Taxes
Claiming this deduction is straightforward. When you file, you'll need:
- The Vehicle Identification Number (VIN)—reported on your return
- Documentation of interest paid (your lender provides this)5
- Proof the vehicle is for personal use
At D&D Ford Motors, we provide the documentation you need at purchase. Contact our team with questions.
Why Greer Buyers Should Act Before 2028
Most people don't realize this benefit exists—which gives you an advantage.
The deduction applies every year you pay interest on a qualifying loan. If you finance a new Ford today and continue making payments through 2028, you could claim this deduction multiple times.
The F-150, Bronco, Ranger, Explorer, and Expedition all qualify. This tax benefit strengthens the case for buying new rather than used.
Schedule a test drive at D&D Ford Motors in Greer.
Frequently Asked Questions About
the Auto Loan Interest Tax Deduction
Can I deduct interest on a leased Ford vehicle?
No. The deduction applies only to loan interest, not lease payments.1
Does my Ford have to be brand new to qualify?
Yes. You must be the original owner. Used vehicles, including certified pre-owned, do not qualify.1
Which Ford trucks qualify for the $10,000 interest deduction?
F-150, Ranger, Super Duty, Expedition, and other Ford models assembled in the U.S. all qualify. We verify assembly location using the VIN before purchase.3
How do I know if my income qualifies?
If your MAGI is below $100,000 (single) or $200,000 (married filing jointly), you qualify for the full deduction.1
Shop Qualifying Ford Vehicles at D&D Ford Motors in Greer
This deduction is available through 2028—the sooner you buy, the more years you benefit.
At D&D Ford Motors in Greer, we stock qualifying Ford vehicles and provide the documentation you need at purchase.
Explore our inventory, or get pre-approved for financing to start the process.
1 Vehicle loan interest deduction established under Section 70203 of the One Big Beautiful Bill Act (Public Law 119-21), signed July 4, 2025. Available for tax years 2025-2028. Based on IRS guidance as of January 2026. Tax laws subject to change. Consult a qualified tax professional for your specific situation.
2 Per IRS guidance, this deduction is available regardless of whether taxpayers itemize or take the standard deduction. Source: IRS.gov.
3 Assembly locations per Ford Motor Company. Verify "Final Assembly Point" on vehicle window sticker before purchase. VINs starting with 1, 4, or 5 indicate U.S. assembly.
4 Income thresholds per IRS: Single filers phase-out begins at $100,000 MAGI (fully phased out at $150,000); Married filing jointly phase-out begins at $200,000 MAGI (fully phased out at $250,000).
5 Per IRS Notice 2025-105, lenders must provide interest statements to borrowers.
6 Actual tax savings vary based on individual tax situation, tax bracket, and total interest paid. This is not tax advice.
D&D Ford Motors does not provide tax advice. Consult a licensed tax professional to determine eligibility and calculate potential savings for your individual situation.