Auto Loan Interest Tax Deduction at Century Ford of Mount Airy

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Looking to drive home in a new Ford truck or SUV while maximizing your tax savings? Drivers throughout Maryland can now take advantage of recent changes to federal tax rules when purchasing a new Ford assembled in the United States. Through the new auto loan interest deduction, qualified buyers may deduct interest paid on eligible loans for American-built Ford vehicles.¹

This program helps lower financing expenses and applies only to vehicles assembled in the U.S., making it an ideal time to consider upgrading to your next Ford vehicle. Discover how our Ford dealership in Mount Airy can assist with the details, check vehicle eligibility and support you from application to purchase!



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What's the New Auto Loan Interest Tax Deduction?

The latest auto loan interest tax deduction lets qualifying buyers subtract up to $10,000 per year in interest paid on new car loans.¹ This initiative is available through December 31, 2028, giving drivers an important financial benefit whether they take the standard deduction or itemize on their tax return.¹ If you're considering a new Ford truck, SUV or EV, this program offers meaningful yearly savings on your loan.

To take advantage of the deduction, it's essential to keep thorough records of your loan and purchase details to present at tax time.¹ Our Ford financing experts are here to explain the program and assist you with all documentation required for your tax filing. Your satisfaction is our top concern, and we provide attentive service to make sure all your questions about this deduction are addressed with the highest level of professionalism.

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Which Ford Models Are Eligible for the Interest Deduction?

To access this deduction, your new Ford must be assembled in the United States.¹ Below is a selection of new Ford vehicles that meet these requirements, along with their assembly locations:

  • Bronco (Wayne, MI)
  • Escape (Louisville, KY)
  • E-Transit™ (Kansas City, KS)
  • Expedition (Louisville, KY)
  • Expedition MAX (Louisville, KY)
  • Explorer (Chicago, IL)
  • F-150 (Dearborn, MI, and Kansas City, KS)
  • F-150 Hybrid (Dearborn, MI)
  • F-150 Lightning (Dearborn, MI)
  • Mustang (Flat Rock, MI)
  • Ranger (Wayne, MI)
  • Super Duty® (Louisville, KY)
  • Transit® (Kansas City, KS)

Our wide-ranging inventory is sure to have the new Ford Explorer or F-150 you're looking for. Have questions about a specific model or trim? Reach out to our team for details and current inventory that qualifies.

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.

Although every reasonable effort has been made to ensure the accuracy of the information/content of this site, absolute accuracy cannot be guaranteed. Please verify any information with Century Ford. We make every effort to provide accurate information, please verify options and price before purchase. Century Ford is not responsible for errors or omissions. All vehicles are subject to prior sale. Quoted price available on in stock units only. Financing is subject to approved credit through designated lender.

Price does not include applicable tax, title, license, processing fee of $800-MD as 07/01/2024 (not required by law). Manufacturer rebates and incentives may require financing through the manufacturer. Special Finance offers through manufacturer may affect amount of rebate. Offers, incentives, discounts, or financing are subject to expiration and changes without notice. Approval is not guaranteed.

Buyers may qualify for additional rebates that may lower the sale price i.e. military, college, first responder, trade assist, conquest or owner loyalty. You may not qualify for the offers, incentives, rebates, discounts, or financing.

Vehicles shown as extended inventory are not currently at our location (Not in Stock). These vehicles may NOT be available for the Sale Price shown. Not in Stock vehicles can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week. May require deposit for transfer.