Auto Loan Interest Tax Deduction at Cavalier Ford

2025 Ford Explorer lineup

Are you considering getting the keys to a new Ford truck or SUV? Drivers throughout the Hampton Roads area can now take advantage of recent changes to federal tax rules when purchasing a new Ford assembled in the United States. Through the new auto loan interest deduction, qualified buyers may deduct interest paid on eligible loans for American-built Ford vehicles.¹

This program helps lower financing expenses and applies only to vehicles assembled in the U.S., making it an ideal time to consider upgrading to your next Ford vehicle. Embarking on your automotive journey with us means stepping into a tradition of excellence that has enriched the Chesapeake community since 1979. Discover how our Ford dealership in Chesapeake can assist with the details, check vehicle eligibility and support you from application to purchase!

2025 Ford Explorer parked on rocks

What's the New Auto Loan Interest Tax Deduction?

The federal auto loan interest tax deduction lets qualifying buyers subtract up to $10,000 per year in interest paid on new car loans.¹ This initiative is available through December 31, 2028, giving drivers an important financial benefit whether they take the standard deduction or itemize on their tax return.¹ If you're considering a new Ford truck, SUV or EV, this program offers meaningful yearly savings on your loan.

To take advantage of the deduction, it's essential to keep thorough records of your loan and purchase details to present at tax time.¹ As a pillar of local support and trust and with a deep-seated belief in "Serving Customers for Life," our family-run Virginia Ford dealership doesn't just sell cars -- we build relationships that stand the test of time and distance. Our local Ford finance experts are here to explain the program and assist you with all documentation required for your tax filing.

Which Ford Models Qualify for the Interest Deduction?

To access this deduction, your new Ford must be assembled in the United States.¹ Below is a selection of new Ford vehicles that meet these requirements, along with their assembly locations:

  • Bronco (Wayne, MI)
  • Escape (Louisville, KY)
  • E-Transit™ (Kansas City, KS)
  • Expedition (Louisville, KY)
  • Expedition MAX (Louisville, KY)
  • Explorer (Chicago, IL)
  • F-150 (Dearborn, MI, and Kansas City, KS)
  • F-150 Hybrid (Dearborn, MI)
  • F-150 Lightning (Dearborn, MI)
  • Mustang (Flat Rock, MI)
  • Ranger (Wayne, MI)
  • Super Duty® (Louisville, KY)
  • Transit® (Kansas City, KS)

Have questions about a specific model or trim? Reach out to our team for details and current inventory that qualifies.

2025 Ford Escape parked on city street

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, license, $995 Dealer Processing Fee. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.

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