Drive Into Tax Savings with the Low Payment Kings!

At Monroe Superstore in Monroe, Michigan, the Low Payment Kings are proud to help you keep more money in your pocket—even during tax season!

Starting in 2025, you may be eligible to deduct up to $10,000 per year in auto loan interest when you finance a new U.S.-assembled car, truck, or SUV from our Michigan showroom.

🔧 Who Qualifies?

• Purchase a new personal-use vehicle between Jan. 1, 2025, and Dec. 31, 2028

• Vehicle must be assembled in the United States (look for a VIN beginning with 1, 4, or 5)

• Income must be under $100K (individual) or $200K (joint) to receive full deduction

• Applies to gas-powered and electric vehicles

• Even works if you don’t itemize deductions

📅 Already Bought Earlier This Year? You Might Still Qualify!

If you purchased a qualifying vehicle earlier in 2025, reach out to our team at Monroe Superstore—we’ll help you determine whether you meet the IRS requirements.

New Auto Loan Interest Deduction*
• Qualifying taxpayers may deduct up to $10,000 in interest annually on loans for eligible, new personal-use vehicles with final assembly in the U.S.
• Applies to EV and ICE vehicles purchased between January 1, 2025, and December 31, 2028
• VINs starting with 1, 4, or 5 indicate U.S. final assembly.

Disclaimer:

For taxable years beginning after December 31, 2024, and before January 1, 2029, Section 163(h)(4) of the Internal Revenue Code of 1986, as amended, permits qualifying taxpayers to deduct interest paid or accrued during the taxable year on indebtedness incurred by the taxpayer after December 31, 2024, for the purchase of new qualifying vehicles, for personal use, with final assembly in the United States. Limitations may apply where a dealer has previously used a vehicle as a courtesy transportation vehicle.   Personal eligibility to claim this deduction depends on the customer’s own individual circumstances, including whether modified adjusted gross income exceeds the income thresholds contained in Section 163(h)(C)(ii). If customer qualifies, this deduction may be available irrespective of whether customer chooses to itemize deductions.  Additional limitations apply, including a maximum amount of interest permitted for deduction in a given year. Customers should be directed to consult with their own tax, accounting, or legal professional or advisor to confirm eligibility for this deduction or if they have questions regarding their qualification to claim the deduction. This information does not constitute tax, accounting, or legal advice