Hybrid cars and taxes

Buying a hybrid vehicle may be beneficial to some owners as it has several benefits, for example:

1. Reducing insurance costs

2. Gas and kilometer savings

3. Tax credit

Consumers should always be aware of any new information that may affect their investment in such vehicles.

Obviously, the tax credit is clearly a green light among these three main advantages, so that these buyers can choose hybrids. What they do not know is that the tax credit also exists under certain conditions, one way or another, whether they are a buyer or a vehicle, that will affect them.

Before investing in a green car, it is recommended to carry out its own research on a tax credit, which is also known by the federal government on a yearly basis, also known as the new energy tax credit. Taking some additional information will not only educate the consumer on the system but will better recognize these tax credits. Conditions such as these tax credits or incentives are not at all fixed and are in fact suspended or even worse, with full phasing out.

This tax allowance proved to be very useless for buyers of hybrid cars after 31 December 2005. The records show that for vehicles purchased before 2006 $ 2000 refunds and, on the one hand, motor vehicles purchased after 31 December 2005 qualify for a rebate of $ 3400, which is a significant difference in the amount of tax refund.

Vehicles subject to tax refunds are Ford Escape Hybrid, Mercury Mariner Hybrid, Mazda Tribute Hybrid, Chevrolet Malibu Hybrid, Chevrolet Silverado Hybrid, Chevrolet Tahoe Hybrid, GMC Sierra Hybrid, GMC Yukon 1500 Hybrid, Honda Civic Hybrid, Nissan Altima Hybrid, Toyota Prius, Toyota Highlander Hybrid and Toyota Camry Hybrid. The list includes a number of gas-saving green vehicles not considered hybrid.

Again, before investing in these vehicles, buyers should take the utmost account of the fact that while these vehicles are eligible for a new energy tax credit system, the purchase of such vehicles does not provide them with a tax credit.

You see the entitlement to tax refunds on a vehicle depends on the sale of certain models or products. For example, if the sales volume of a certain eligible vehicle has reached the maximum value, only 50% of the number of vehicles specified by the tax credit system is eligible for the incentive, this will occur if the next sales sign is reached, this time only 25% is entitled to a tax refund. The consumer is not entitled to tax refund if a given green or hybrid car reaches the maximum selling target.

Furthermore, the tax credit can not be rewarded for Toyota Prius, Toyota Highlander Hybrid and Toyota Camry Hybrid, as well as many Lexus gas saving models when purchased after October 1, 2007. The same purchase requests were made after January 1, 2009 for Honda Accord Hybrid and Honda Civic Hybrid.

Now if you are really interested in investing in hybrid vehicles, primarily because of tax refunds, despite the gradual abolition of this incentive, it would be worthwhile to do research as there are still some vehicles that we are advised to continue to be eligible be tax rebates, especially those for 2009 and 2010 hybrid models.

It takes some time to get to know these few points, it will not do us anything. In fact, it will be very useful to make the final decision. Do not forget to invest your own money on these types of vehicles. Pre-delivery orientation can be the main objective, good hybrid car investment and tax rebate benefits, which are only MONEY.

Source by visit sbobet thailand

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