Skip to main content
Level 1
January 21, 2026
Solved

certified preowned car

  • January 21, 2026
  • 1 reply
  • 72 views

We had to buy a car this year its certified preowned and we're making payments can we use it as  deduction

Best answer by rjs

Expert Reviewed

The deduction for car loan interest is only allowed for a new car, not pre-owned.

 

1 reply

rjs
Level 15
rjsLevel 15Answer
Level 15
January 21, 2026

Expert Reviewed

The deduction for car loan interest is only allowed for a new car, not pre-owned.