Planning to finance a new Chevrolet SUV? The One Big Beautiful Bill Act (OBBBA) offers an auto loan interest tax deduction worth up to $10,000 annually for vehicles with final assembly in the United States. Chevrolet Van Nuys helps Los Angeles drivers understand which new Chevrolet SUV models qualify for this benefit available through 2028.
How the OBBBA Auto Loan Interest Deduction Works
The OBBBA deduction allows taxpayers to deduct up to $10,000 annually in auto loan interest for qualifying vehicles with final assembly in the United States. This above-the-line deduction applies with standard deduction claims. VINs starting with 1, 4, or 5 indicate US assembly. Requirements include a first lien loan for personal use, with income phaseouts beginning at $100,000 for single filers and $200,000 for married filing jointly.
Qualifying Chevrolet SUV Models
The Chevrolet Tahoe and Chevrolet Suburban are assembled at Arlington Assembly in Texas, making both full-size models eligible. The Chevrolet Traverse comes from Spring Hill Manufacturing in Tennessee and qualifies immediately. GM plans to move the Chevrolet Equinox and Chevrolet Blazer to US facilities by mid-2027, making these models eligible once production begins.
Models That Don’t Currently Meet Requirements
The Chevrolet Trax and Chevrolet Trailblazer undergo final assembly in South Korea, while the Chevrolet Equinox EV and Chevrolet Blazer EV come from Mexico. These models offer exceptional value but don’t meet OBBBA requirements due to assembly outside the United States.
Verifying Eligibility and Maximizing Savings
Three factors determine new Chevrolet SUV eligibility. First, verify the VIN starts with 1, 4, or 5, generally confirming US assembly. Second, ensure your loan qualifies as a first lien secured by the vehicle. Third, confirm your modified adjusted gross income stays within limits as deductions phase out above income thresholds.
Explore Great New Chevrolet SUVs in Van Nuys, CA
Our team at Chevrolet Van Nuys serves Los Angeles drivers with transparent guidance on eligibility and financing. Visit today to test-drive qualifying models and discover how the auto loan interest deduction delivers value on your new Chevrolet SUV purchase.