Once Donald Trump announced that he was going to prioritize products made in America, many people thought that would mean major savings. And when it comes to the automotive industry, a lot of taxpayers were looking forward to another tax deduction. At some point, it was rumored that you would get a $10,000 deduction for a car assembled in the United States. While there is a new $10K deduction for cars, that’s not quite how it works.
Of course, scammers are taking advantage of people’s excitement about getting some money back. They are using this fake incentive to lure older adults into predatory auto‑loan agreements, inflated interest rates, and high‑pressure dealership traps. The fraudsters know that older adults trust patriotic messaging and government‑sounding programs, making them prime targets.
