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Auto Loan Interest For Big Beautiful Bill

Big Beautiful Bill – Schicker Ford St. Louis

Big Savings. Big Benefits. Big Beautiful Bill.

What the “One Big Beautiful Bill Act” Means for Ford Buyers at Schicker Ford St. Louis

Effective July 4, 2025, the federal government rolled out a major win for drivers—and it’s packed with savings. The new One Big Beautiful Bill Act (OBBBA) introduces a federal auto loan interest tax deduction that puts more money back into the pockets of qualifying drivers when they finance a new Ford vehicle.

The Auto Loan Interest Deduction: What You Need to Know

Starting in 2025, you may be eligible to deduct up to $10,000 annually in interest on your auto loan when you purchase a qualifying new personal-use vehicle.

Who Qualifies?

To take advantage of this deduction:

  • Your loan must be originated between January 1, 2025, and December 31, 2028

  • The vehicle must be brand new (used vehicles do not qualify)

  • The vehicle must be for personal use only

  • The loan must be secured by a first lien on the vehicle

  • Your income must fall below $100,000 (or $200,000 if filing jointly) for full eligibility
    Consult a tax professional for individual eligibility.

What Vehicles Qualify?

Ford is proud to lead the charge in U.S. auto manufacturing. Thanks to the “Ford For America” initiative, many Ford and Lincoln models qualify for this new federal deduction.

Vehicle Requirements:

  • Must undergo final assembly in the United States

  • Must have a GVWR under 14,000 lbs

  • Look for VINs starting with 1, 4, or 5 for U.S. assembly
    (Use our Auto Loan Interest Deduction Dealer Guide for full details.)

Why It Matters at Schicker Ford St. Louis

This deduction makes Ford ownership even more affordable—especially when paired with our exclusive offers, flexible financing, and wide inventory of U.S.-assembled Ford vehicles.

Whether you're shopping for a new F-150, Escape, Bronco, Explorer, or Maverick, we can help you identify which models may qualify for the deduction—and walk you through financing options that maximize your savings.

What You Should Do Next

  1. Explore Our Inventory: Start browsing new Ford vehicles assembled right here in the U.S.

  2. Ask Our Team: Our trained staff can help you understand which vehicles may meet eligibility criteria.

  3. Consult a Tax Professional: We strongly recommend you speak with a licensed tax advisor to confirm your personal eligibility for the deduction.

Important Note: Schicker Ford cannot determine or confirm a customer's tax eligibility. All tax matters must be addressed by a qualified tax advisor.

Learn More

Visit IRS.gov for official federal information

Questions? Let’s Talk.

Whether you're just getting started or ready to drive home in a qualifying Ford, our team at Schicker Ford St. Louis is here to help. Contact us today or visit the showroom to get started.

May not represent actual vehicle. (Options, colors, trim and body style may vary)

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.