Explore Tax-Deductible Vehicles at Northpointe CDJR
New Car Loan Interest Tax Deductions
New tax deductions are now available on eligible new vehicles financed from December 31, 2024, through the 2028 tax year. All U.S. taxpayers who meet the minimum qualifications and finance an eligible vehicle during the applicable tax years can qualify for up to a $10,000 tax deduction annually when they finance a new vehicle. To learn more about which vehicles qualify for the deduction, contact Northpointe Chrysler Dodge Jeep Ram to schedule a test drive and discuss the criteria with our finance team.
What are the Requirements for the New Vehicle Interest Tax Deductions?
The new vehicle interest tax deductions are intended to promote U.S. vehicle manufacturing and help Americans save on new vehicle loans. If you finance a new vehicle at Northpointe Chrysler Dodge Jeep Ram, you could claim up to a $10,000 tax deduction annually on the interest paid for eligible vehicles. Here are more of the eligibility requirements:
- Vehicle Types: Car, minivan, van, SUV, pickup truck, or motorcycle
- Original Use: A new vehicle for the person filing for the tax deduction, refinances are ok up to the original loan amount
- Final Assembly in the U.S.: The vehicle must have final assembly in the U.S., verified by VIN starting with 1, 4, or 5
- Annual Deduction Limit: Up to $10,000 per tax year
- Income Limits: Starts to phase out for individuals making over $100,000 and joint filers making $200,000, phases out completely for modified adjusted gross income (MAGI) of $150,000 for individuals and $250,000 for joint filers.
- Expiration: Applies to all new vehicle loans originating in tax years 2025 through 2028
Which Vehicles Qualify for the New Tax Deduction at Northpointe Chrysler Dodge Jeep Ram?
Northpointe Chrysler Dodge Jeep Ram is proud to offer new vehicles that qualify for the deduction thanks to their made-in-America status:
Dodge Durango - Final Assembly: Detroit, MI
The Dodge Durango is a high-performance three-row SUV popular with families and off-road adventurers. The Durango takes its style cues from other aggressive, race-inspired vehicles in the Dodge lineup, combining athletic good looks with powerful capabilities.
Jeep Grand Cherokee - Final Assembly: Detroit, MI
The Jeep Grand Cherokee is a three-row, off-road-ready SUV designed to accommodate modern families. The Jeep SUV is known for its rugged capabilities and plentiful passenger and cargo space.
Jeep Gladiator - Final Assembly: Toledo, OH
The Jeep Gladiator is the ultimate adventuring vehicle, combining the legendary off-roading capabilities of the iconic Jeep Wrangler with the utility of a truck bed. This pickup is no ordinary truck, and it is able to go anywhere and on any terrain. It's also easily customizable for your favorite recreational activities with an open-air style incorporating removable panels, doors, and roof.
Jeep Wrangler - Final Assembly: Toledo, OH
There is no greater off-road icon than the Jeep Wrangler. Tracing its roots to World War II, the Jeep Wrangler is designed for robust off-roading capabilities and maximum outdoor adventures. Available in two- or four-door configurations with removable panels, doors, and roof, the Wrangler is easy to personalize and ready to go wherever your heart desires.
Jeep Wagoneer - Final Assembly: Warren, MI
The Wagoneer offers an upscale option for busy families. The three-row luxury SUV is packed with premium features like Nappa leather, advanced audio, and entertainment systems. The Wagoneer boasts a twin-turbocharged I6 Hurricane engine with excellent power and capabilities.
Jeep Grand Wagoneer - Final Assembly: Warren, MI
The luxurious Grand Wagoneer delivers the ultimate in refinement and passenger experience. With supple finishes like quilted Palermo leather and incredible technology like a dedicated front passenger screen or 23-speaker McIntosh audio systems, the Grand Wagoneer is a coveted three-row luxury SUV option for families.
Ram 1500 - Final Assembly: Sterling Heights, MI
The Ram 1500 is a versatile pickup truck available in a range of trim options from basic work truck to luxury family vehicle. There are several engine and drivetrain options to maximize the impressive capabilities for your desired use. The Ram 1500 is also high tech, offering upscale convenience technology and a wealth of standard features for modern drivers.
Contact Northpointe Chrysler Dodge Jeep Ram for More Information
Save on a new vehicle this year by choosing from our eligible new models at Northpoint Chrysler Dodge Jeep Ram. Our finance team is happy to assist you with verifying which vehicles are eligible for the tax deduction and our incredible new finance incentives to help you get the most out of the limited-time savings.
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* The advertised price does not include sales tax, vehicle registration fees, other fees required by law, finance charges and any documentation charges. A negotiable administration fee, up to $115, may be added to the price of the vehicle.
* Images, prices, and options shown, including vehicle color, trim, options, pricing and other specifications are subject to availability, incentive offerings, current pricing and credit worthiness.
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Northpointe CDJR
3485 State Route 257
Seneca, PA 16346-2927
- Sales: (814) 676-7000
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