Government Help Buying A Car -

You may qualify for a credit of up to $7,500 for a new EV or $4,000 for a used EV.

Under the One Big Beautiful Bill Act , you can deduct up to $10,000 per year of interest paid on auto loans for new, U.S.-assembled vehicles purchased between 2025 and 2028. government help buying a car

Applies to personal-use cars, SUVs, and trucks under 14,000 lbs. You may qualify for a credit of up