Following President Donald Trump’s proposal for 50-year mortgage terms for homebuyers, a claim circulating on social media appears to show that he is now working to introduce 15-year car loans.
The Claim
The claim stems from an image bearing the color scheme and design of the White House website and resembling some of its official announcement graphics. The text states that Trump has directed Transportation Secretary Sean Duffy and Commerce Secretary Howard Lutnick to work on introducing the loans.
It reads: "As he continues to work hard to make the American Dream accessible to everyone, President Trump today has asked the Departments of Transportation and Commerce to make vehicle ownership for all a reality by introducing 15 year car loans! Secretary Duffy and Lutnick are already working on it! Delivering for America!"
The image or its content has been shared widely on social media, including by the pro-Trump media outlet AF Post, with many likening it to the 50-year mortgage proposal, criticizing the idea as financially unsound, or questioning whether the announcement itself is real.
"Trump is now trying to allow people to get 15-year car loans," posted @EdKrassen, an account with one million followers. "The average lifespan of a vehicle is just 12.5 years."
The Facts
The post does not originate from any official White House source, and no policy document has been released by the Department of Transportation or the Department of Commerce relating to the proposal.
Searching on the "News" tab of the White House website shows no recent results relating to car loans. A review of Trump’s Truth Social feed using the post-tracking website "Trump’s Truth" similarly reveals no announcement regarding the 15-year loans, and no announcement concerning car loans in general since October, 2024.
An advanced search on X shows no posts relating to the proposal for "15-year car loans" before November 9. Posts from the official White House X page and @RapidResponse47—used by the administration to swiftly respond to news developments—contain no mention of the plan.
The earliest post Newsweek could trace of the image came from a user with the handle @TheRealThelmaJohnson on November 9 at 5:01 a.m. ET, posted alongside the caption: "If you want to pay 100 grand for a 2009 Chevy Equinox this is the way..."
The account has in the past used the same graphic as a meme template to create satirical posts about Trump as well as his family members.
The Ruling
False.
The claim being circulated is satirical and not a formal announcement from the administration. Neither Trump, the White House nor any of the mentioned departments have announced plans to introduce 15-year car loans.
