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 ...

Cars, minivans, vans, SUVs, pickup trucks, or motorcycles, weighing less than 14,000 pounds qualify, according to the IRS.

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the new tax deduction for paying interest on vehicle ...

If you have a car loan, we have a math assignment for you. Find an online car value calculator. Figure out how much your vehicle is worth. Then look up your loan balance and compare that number to ...

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 ...

The average new car loan has a term of 68.48 months, according to the credit rating agency Experian – nearly six years of being married to your new ride. And that's just the average. Nowadays, ...

Refinancing your car loan might save you money and lower your monthly payments Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy ...

Paying off your loan faster using strategies like refinancing and making extra principal payments can help you save money on interest and free up room in your budget Written By Written by Staff Loans ...