At Eynon GMC, we've distilled the auto-loan savings program to key details for the easy reference of shoppers in Archbald.
To this, you're better able to shop with the confidence lent by this advantageous program that serves-up savings when filing your taxes. There are caveats to mind, but overall you're set to welcome your favored GMC model with a bit of cost-efficiency applied.
What to Expect
When an individual explores the new GMC inventory for those qualifying models assembled in the U.S., there's a considerable tax deduction for eligible shoppers in Scranton. You might be able to secure a tax deduction of up to $10,000 in annual interest paid on a GMC model assembled on American soil.
There are income requirements to meet. And any tax deduction under the program must be aligned with individual shoppers who are financing their GMC. Though we recommend inquiring with a tax or legal professional or that of a Dunmore accountant regarding program specifics.
For added details as we understand, browse below a summary for your reference:
- New auto-loan debt must have been contracted after Dec. 31, 2024.
- Interest paid on an auto loan during 2025-28 tax years may be eligible.
- There's no lease or commercial/fleet purchase benefit to the program.
- Applies to tax payers itemizing or taking standard deductions.
- Qualifying GMC models must have been assembled in the U.S.
While the details above are merely for cursory informational purposes, you'll need to seek legal, tax or accounting advice from professionals in those fields.
Eynon GMC – Browse Online, Shop Onsite
To meet with new GMC models assembled in the U.S., be sure to visit our local Eynon-area GMC dealership for what's now available.
Beforehand, you may want to discuss the auto-loan savings program with professionals. Then, you'll be able to focus on those GMC trucks and SUVs qualifying under the provisions of the program in Dunmore.