The “new cars on finance” market saw a lift in sentiment after interest rate futures priced in potential cuts, potentially fostering a friendlier environment for vehicle loan growth. The deduction reduces your taxable income. According to an example given by the Bipartisan Policy Center, a single taxpayer earning $50,000 — including $5,000 in tips — could save $600 with the new tax deduction on tip income. Used and new vehicles, refinancing loans, lease buyout Investor calls this week suggest sustained optimism around “new cars on finance,” with sector leaders expected to deliver at least mid-single-digit EPS growth in the upcoming quarter.
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