Save on a New Vehicle with the Auto Loan Interest Deduction

Are you considering financing a new vehicle? At Dave Dennis Chrysler Jeep Dodge Ram in Dayton, now is the perfect time. Thanks to new tax code provisions, qualified buyers can deduct up to $10,000 annually in auto loan interest when you finance an eligible new vehicle.1

Browse the lineup of qualifying models at our Ram and Jeep dealership in Dayton to see how you can benefit from this valuable tax incentive.

Jeep Wagoneer charging on a residential street and an interior image with a blue light along the dashboard

Save on a New Jeep or Ram in Ohio

With this tax benefit, purchasing a qualifying new Jeep in Dayton from our local dealership offers you advanced features and exceptional performance, all while maximizing your savings. This deduction is exclusively available for new vehicles, so make the most of your tax savings with a brand-new Dodge, Jeep or Ram. Secure auto financing today to get started.

Auto Loan Interest Deduction: Key Details

  • Available for new vehicles purchased with a loan between January 1, 2025, and December 31, 2028.
  • Only new vehicles are eligible; used vehicles do not qualify.
  • Deductible up to $10,000 per year in loan interest.
  • Must be assembled in the U.S. with a qualifying VIN. Verify your VIN here.
  • The deduction applies only for personal use
  • Phase-out begins at $100,000 for individual filers or $200,000 for joint filers.

Qualifying Models at Dave Dennis CJDR

Vehicles at our dealership like the Dodge Durango and Ram 1500 that are assembled in the United States qualify for this deduction. Jeep vehicles built in America that qualify include:

  • Gladiator (assembled in Toledo!)
  • Grand Cherokee
  • Grand Cherokee 4xe
  • Grand Cherokee L
  • Grand Wagoneer
  • Grand Wagoneer L
  • Wagoneer
  • Wagoneer L
  • Wrangler (assembled in Toledo!)
  • Wrangler 4xe (assembled in Toledo!)

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