One Big, Beautiful, Bill – Deduct Up to $10,000 in Interest at Jerry's Chevrolet of Burleson

At Jerry's Chevrolet of Burleson in Burleson, Texas, we’re committed to helping you maximize every dollar when purchasing a new Chevy vehicle. A new federal tax provision — part of the One, Big, Beautiful Bill — may allow eligible buyers to deduct up to $10,000 per year in interest paid on qualifying car loans.

This “No Tax on Car Loan Interest” benefit could significantly reduce the overall cost of financing a new Chevy, making now an especially smart time to buy.

Who Qualifies for the Car Loan Interest Deduction?

This federal tax deduction applies to:

• New vehicles assembled in the United States
• Auto loans originated after December 31, 2024
• Vehicles purchased primarily for personal use

Even better, eligible buyers may claim the deduction whether they itemize or take the standard deduction. If you're researching a Burleson auto loan or comparing car loan options near you, this new incentive adds meaningful savings to your financing decision.

Eligible Chevrolet Models Assembled in the U.S.

Chevrolet Tahoe - Arlington, TX

Chevrolet Corvette - Bowling Green, KY

Chevrolet Silverado EV - Detroit, MI

Chevrolet Silverado HD - Flint, MI

Chevrolet Silverado 1500 - Fort Wayne, IN

Chevrolet Bolt EV - Kansas City, KS

Chevrolet Traverse - Lansing, MI

Chevrolet Colorado - Wentzville, MO

Our team at Jerry's Chevrolet of Burleson can help you identify qualifying new Chevy vehicles that meet the assembly requirements so you can confidently take advantage of this opportunity.

Frequently Asked Questions

What vehicles qualify for this deduction?

Only new vehicles assembled in the United States are eligible. Used vehicles do not qualify, even if financed.

How can I confirm where a vehicle was assembled?

Check your Vehicle Identification Number (VIN). If the VIN begins with 1, 4, 5, 7F-7Z, or 70, the vehicle was assembled in the United States. The VIN can be found:

• At the base of the windshield (driver’s side)
• On your insurance card
• On your vehicle registration

Be sure to let your salesperson know if you would like to explore cars that qualify for this incentive.

Is this deduction available for business vehicles?

No. The vehicle must be used primarily for personal, non-commercial purposes.

When does the deduction take effect?

It applies to qualifying auto loans issued after December 31, 2024.

Is there a cap on the deduction?

Yes. You may deduct up to $10,000 per year in qualifying car loan interest.

Do leases qualify?

No. The deduction applies only to qualifying new vehicle purchases financed with an auto loan.

Should I consult a tax professional?

Absolutely. Tax situations vary, and we recommend speaking with a qualified tax advisor to understand how this deduction may impact you.

Finance with Confidence at Jerry's Chevrolet of Burleson

With the new federal tax incentive in place, financing your next new Chevrolet could offer even greater value. You may be able to deduct up to $10,000 annually in interest, helping reduce your overall tax liability while enjoying a brand-new vehicle.

At Jerry's Chevrolet of Burleson in Burleson, Texas, our finance specialists work with trusted lenders to secure competitive rates and flexible terms tailored to your needs. Whether you're searching for an auto loan near Fort Worth or simply exploring your options, we make the process straightforward and transparent. Let our team help you take full advantage of available programs and incentives so you can drive away with confidence.