What is a courtesy lien and how can I save on my taxes?

A courtesy lien makes the interest you pay on your auto loan eligible for a possible tax deduction under IRS tax code.

How does it work?

It's easy to do! You authorize us to place a courtesy lien against your primary residence so it will meet IRS tax code, then at year-end, we will send you a 1098 and report the interest you paid so you can deduct it from your taxes. Please consult your tax advisor to determine exactly how much you can save. This service is currently only available in North Carolina, but will be coming to other states soon.

To see if Truliant's courtesy lien is right for you, use the calculator below.

Loan Amount You Wish to Borrow:	$
Loan Term in Months:
Interest Rate:			%
Federal Income Tax Bracket:			%
State:		Florida North Carolina Ohio South Carolina Virginia
Courtesy Lien Fee:	$	100.00
Monthly Payment:	$
Number of Payments:
Total Interest:	$
Total Cost of Loan:	$
Deductible Interest:	$
Your Savings:	$
Approx. Net Effective Interest:			%

Disclosure:
The courtesy lien program requires a non-refundable fee that can be added to your loan balance or paid in full at the time of enrollment. You may cancel at anytime. At year-end, if you paid $600 or more in interest you will receive a 1098 form indicating the amount. If the amount is under $600, you will not receive a 1098 but can find the interest paid on your December account statement. Please consult your tax advisor. This information is not intended to provide specific advice or recommendations. Currently only available in North Carolina. Subject to credit approval.