Did you know there was a way to deduct the interest from your vehicle loan on your income taxes? Auto Tax Advantage loans are available to members who own a home, in the state of Illinois, and would like to save some money. UIECU places a courtesy mortgage on the home, giving the member the potential to deduct the amount of interest paid on the loan, from their income taxes. (Consult a tax advisor.)

Any type of auto loan is eligible for an Auto Tax Advantage, including refinanced vehicles or recreational vehicles. No appraisal or title insurance is necessary, just a minimal mortgage recording fee.

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