Ford Motor Company clarified which vehicle models qualify for the new $10,000 auto loan tax deduction.
The incentive, which took effect at the start of the year, applies exclusively to vehicles assembled domestically in the United States.
The announcement provides clarity for potential buyers but confirms that certain popular models will be excluded from the significant tax deduction.
For example, the Mustang Mach-E does not qualify because it is not assembled in the U.S.
This exclusion factor could influence consumer purchasing decisions.