New Tax Break For Auto Loans Could Save Some Buyers Thousands Of Dollars. But Will It Boost Sales?

An American Flag at the Ford Motor Company Kentucky Truck Plant is seen during a media tour for the launch of the 2025 Ford Expedition in Louisville, Ky., April 30, 2025. AP photo
Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new tax-cut law, many people…