Auto loan interest deduction at Joe Holland Volkswagen
If you've been considering upgrading your ride in South Charleston, the new federal auto loan interest deduction makes purchasing a new car even smarter. This deduction allows eligible drivers to deduct up to $10,000 in interest on loans for qualifying new vehicles purchased between 2025 and 2028.
This makes it a great time to buy a new Volkswagen from our Volkswagen dealership in South Charleston. Learn more about deducting auto loan interest and see which new Volkswagen models are eligible!
Why Shop for a New Volkswagen Now?
With this limited-time deduction in place, buying a new Volkswagen not only means enjoying innovative engineering, but also benefitting from potential tax savings. This incentive applies only to new car purchases on vehicles that were assembled in the United States.
To tell if a qualifying Volkswagen was assembled in the U.S., look for a VIN that starts with a 1, 4 or 5. Some new Volkswagen models made in America and now in our inventory include:
The perfect electric SUV for those seeking precision, value, and comfort.
A family-friendly SUV with exceptional versatility and advanced driver-assistance features.
Spacious, powerful and loaded with smart technology for all your adventures.
What You Need to Know About the Deduction
- Deductions are available only for new vehicles purchased and funded with a loan between January 1, 2025, and December 31, 2028.
- Only new vehicles are eligible -- used car loans do not qualify.
- The deduction is up to $10,000 per year in interest for qualified buyers.
- Vehicles must have final assembly in the United States, and your loan must be secured by the first lien.
- Vehicle must be for personal use, not business or commercial use.
- Deduction begins to phase out for taxpayers with modified adjusted gross income over $100,000, or $200,000 for joint filers.
Apply for New Volkswagen Financing
Don't miss this rare opportunity to buy a new Volkswagen and maximize your savings with the new auto loan interest deduction. If you have questions or want to schedule a test-drive, contact Joe Holland Volkswagen in South Charleston or visit our showroom to find your next vehicle.
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