A simple interest loan doesn’t charge you additional interest on your accrued interest. In other words, the only interest you pay is on the outstanding principal balance of your loan. Auto loans and ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...

You’re more likely to find rates below 5.00% when you have a higher credit score ...

You can get a car loan with a low credit score, but the best rates are reserved for borrowers with high scores ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

This creates an even deeper cycle of debt, as well as maximizing the interest you eventually pay for your car loan. With ...