Starting in 2025, customers who finance the purchase of a new vehicle assembled in the U.S. can deduct up to $10,000 per year in auto loan interest on their federal taxes. This incentive applies annually through 2028, and you don’t need to itemize your taxes to claim it — standard deduction filers can benefit too. This means substantial savings for Ferguson Kia customers. For example, a buyer financing a new vehicle with a typical loan might save hundreds to thousands of dollars each year in federal taxes, simply by claiming the interest paid. To qualify, the vehicle must be new, under 14,000 pounds, and assembled in the United States — and we’re proud to say that many Kia models, including the Telluride, Sorento, and Sportage, are built right in the United States of America. If you’re considering a new Kia, there’s never been a better time. Let the team at Ferguson Kia help you find a qualifying vehicle and show you how to maximize your tax savings.

 

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