Does the 2027 Hyundai Elantra qualify for the car loan interest deduction?
Likely NOT eligible
This model is typically assembled outside the United States, so it usually does not meet the final-assembly requirement. Check your specific VIN below to be sure.
Assembly
Body type: Sedan
Typical assembly: South Korea
Assembled in South Korea — typically not eligible.
Check your exact Hyundai Elantra
Assembly is VIN-specific. Enter your 17-character VIN for a definitive answer:
Live data: U.S. NHTSA vPIC (free, official). Final assembly is VIN-specific — this checks your exact vehicle.
Eligibility recap
- Final assembly in the U.S. (checked above)
- New vehicle, first owner, personal use
- Loan originated after Dec 31, 2024
- Up to $10,000 interest/year, 2025–2028
- MAGI under $100k ($200k joint)