U of I Employees Credit Union
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Auto Tax Advantage

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.

Auto Loan FAQs

Related Pages:   [Apply Now] [Auto Dealerships] [Repossession Sales] [Lending Services] [Rates] [Vehicle FAQ]

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Phone Terms and Conditions Illini Union Branch, Urbana    
Local 217-278-7700      
Toll Free 877-678-4328        
PO Box 500
Champaign, IL 61824-0500

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