Does the Toyota Camry qualify for the car loan interest deduction?
The 2025–2028 deduction turns on where a vehicle is finally assembled — not the badge. Here's where the 2025–2026 Toyota Camry is built and what it means for your loan interest.
Assembly data: NHTSA vPIC + our verified plant lists · Not tax advice · Methodology
✓
PASS — assembled in the USA
The Toyota Camry qualifies on the assembly test. Assembly is one of four gates — you also need a new vehicle, personal use, a 2025–2028 loan, and income under the phase-out.
The short answer
Every Toyota Camry for the US market is assembled in Georgetown, Kentucky, so the Camry passes the OBBBA assembly test cleanly. Buy it new for personal use with a loan, keep your income under the cap, and the interest can be deductible.
Where the Toyota Camry is assembled
| Assembly plant | Location | Assembly test |
|---|---|---|
| Toyota Kentucky (TMMK) | Georgetown, KY | ✓ United States |
Confirm the other three tests
A US-assembly PASS is only the first gate. Each remaining condition has its own guide:
New & personal-use — used cars and leases don't qualify→ Loan dated 2025–2028 — refinancing keeps eligibility→ Income under the phase-out — run the MAGI calculator→
Frequently asked questions
Where is the Toyota Camry built?
US Camrys — including the hybrid — are built at Toyota Motor Manufacturing Kentucky in Georgetown, KY. That is a US final-assembly point, so the Camry meets the assembly test.
Does the 2025 Camry's all-hybrid lineup change anything?
No. The redesigned 2025 Camry is hybrid-only and still built in Kentucky, so it passes the assembly test just like earlier gas models.
Is a used Camry eligible?
No. The OBBBA car-loan-interest deduction only applies to new vehicles. A used Camry, however well-built in the US, does not qualify.
Advertiser disclosure
Financing a Toyota Camry? Compare rates before you sign.
A lower rate means less interest — and the qualifying interest is what's deductible. Compare partner lenders; checking won't affect your credit score.