Hybrid Cars - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

ChinoCoug · 10-19-2005, 05:42 PM

I just walked into a Toyota Dealership and found out that the tax credit coming out in January is given only to the first 65K purchased. Is that correct? Anyone who knows the complexities can explain the details in a nutshell?

MikeWaters · 10-19-2005, 05:49 PM

no idea, let me know if you find out anything else. hadn't heard that before.

MikeWaters · 10-19-2005, 08:35 PM

now that I think about this a bit more, I bet that guy was lying to encourage you to buy a car sooner. dirty dogs.

ChinoCoug · 10-28-2005, 08:56 PM

Now it's clear; this year, a $2K deduction until Dec. 31. For next year, the deduction is reduced to $500.

The tax credit is for the quarter on which the first 60K cars sold by that manufacturer is. So if cars are sold out on Jan 1, then one can still get the credit until the end of March. After that, it decreases by 50% for 5 months, then 25%.

The amount depends on the model. The Prius is $3,400.

http://www.consumeraffairs.com/news0...ybrid_tax.html

MikeWaters · 10-28-2005, 09:13 PM

wow 3400 tax credit for Prius? That is incredible. I might have to buy me one.

10-19-2005, 05:42 PM	#1
ChinoCoug Senior Member Join Date: Jan 2006 Location: NOVA Posts: 3,005	Hybrid Cars I just walked into a Toyota Dealership and found out that the tax credit coming out in January is given only to the first 65K purchased. Is that correct? Anyone who knows the complexities can explain the details in a nutshell? __________________ 太初有道

10-28-2005, 08:56 PM	#4
ChinoCoug Senior Member Join Date: Jan 2006 Location: NOVA Posts: 3,005	Update on Hybrids Now it's clear; this year, a $2K deduction until Dec. 31. For next year, the deduction is reduced to $500. The tax credit is for the quarter on which the first 60K cars sold by that manufacturer is. So if cars are sold out on Jan 1, then one can still get the credit until the end of March. After that, it decreases by 50% for 5 months, then 25%. The amount depends on the model. The Prius is $3,400. http://www.consumeraffairs.com/news0...ybrid_tax.html __________________ 太初有道

10-19-2005, 05:49 PM	#2
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	no idea, let me know if you find out anything else. hadn't heard that before.

10-19-2005, 08:35 PM	#3
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	now that I think about this a bit more, I bet that guy was lying to encourage you to buy a car sooner. dirty dogs.

10-28-2005, 09:13 PM	#5
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	wow 3400 tax credit for Prius? That is incredible. I might have to buy me one.