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URL:  https://boards.fool.com/aj-are-you-saying-that-the-interest-on-car-25664945.aspx

Subject:  Re: July Update - Date:  7/9/2007  2:27 PM
Author:  aj485 Number:  255388 of 312293

AJ-- are you saying that the interest on car loans is tax-deductible? I thought that only applied to the interest on home mortgages.

No, but the interest that you get from Emigrant, ING, etc. is taxable. So your after tax return on the savings is generally 3.75% or less.

AJ
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