Planning to finance a new Honda? There has never been a better time. With the introduction of the federal $10,000 auto loan deduction, qualified buyers can now deduct up to $10,000 annually in loan interest on select new vehicle purchases from 2025 to 2028. This incredible opportunity allows drivers to get behind the wheel of an American-made Honda while also capitalizing on significant tax savings.1
Stop by our Honda dealer near Indiana to check out our latest Honda models that meet the requirements for this valuable interest deduction!
Honda Models Eligible for Tax Savings
Thanks to this tax break, purchasing a new Honda made in America means you can enjoy a dependable, innovative and warranty-backed car while stretching your budget even further. Please note these savings only apply to new vehicle purchases, so visit us today to shop the qualifying new cars we sell. Popular new Honda models eligible for the deduction include:
- Honda CR-V & CR-V Hybrid: Perfect for families and those on the go, offering comfort and modern safety features.
- Honda Civic & Civic Hybrid: Sleek, efficient and packed with technology for your daily drive.
- Honda Accord & Accord Hybrid: Roomy and ready for commutes or weekend trips around Pennsylvania.
- Honda Pilot: A favorite 3-row Honda SUV that is perfect for family adventures.
Key Details About the $10k Auto Loan Deduction
- Deduction applies only to new vehicles purchased and financed with an auto loan between January 1, 2025, and December 31, 2028.
- Used vehicle loans do not qualify. Only new car loans are eligible.
- Qualified buyers may deduct up to $10,000 per year in loan interest.
- Vehicles must be assembled in the United States, and your auto loan must be secured by a first lien.
- Car must be used for personal -- not commercial or business -- purposes.
- Deduction phases out for individuals with a modified adjusted gross income above $100,000, or $200,000 for joint filers.
Get the Auto Loan Deduction at Altoona Honda
Don't wait to maximize federal tax savings on your next car loan -- buy a new Honda near Indiana now and start saving today. If you have any questions about which new Honda cars qualify or how the auto loan deduction works, contact Altoona Honda today or visit our dealership. Come browse every eligible model and secure your savings!
Learn More: Why Buy from Us | Out-of-State Car Buying | Tax Refund Car Buying
1 We are not accountants or CPAs, and this is not tax advice. Speak with a qualified professional for guidance. See dealer for details.
