Do you receive a tax credit for buying a used vehicle vs. a new one?
October 25, 2009 in Buying & Selling
Did you know that you can save fuel and run your car on water
Todd S questioned:
While I am at it, is a hybrid vehicle a better selection or not? How bout a Chevy Malibu Hybrid vs a Toyota Prius…which is better?
Did you know that you can save fuel and run your car on water
nope. contrary. new hybrids have a credit but no used ones.
No credits for used cars.
The Prius is the better hybrid. But the Malibu is a better car.
new only
hybrids aren’t a excellent extent – the cost of repairs is yet unknown. Disposal fees for exhausted batteries will be borne by car owners.
Are you discussion about the Sales tax credit or the hybrid tax credit?
The Chevy Malibu is a excellent car, but the Hybrid is not value the $4,000 premium tied to it.
It is not the same synergy equipment that Ford and Toyota use.
What that earnings is that the only time you are really reduction any fuel in the Malibu Hybrid is in the city when the engine cuts off when it would normally be idling.
You get 2 mpg better city and no enhancement on the highway in the Malibu Hybrid vs. the Malibu 4 cylinder. Not value the added expense.
Really if you itemize, you get to add the sales tax from ANY car bought to your General Sales Tax. But ordinarily your income taxes (the federal preservation from your paycheck) is privileged so you would use the privileged amount. You do get a credit for a hybrid. (Sorry I don’t know which car is better) That’s all for Federal, very few states have vehicle credits.
I bought a used Malibu Hybrid in Wisconsin last year and saved a lot. I place of protection’t had any tribulations yet. I only buy used cars.