09-08-2005, 03:03 PM
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FEH Advocate
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Location: Ventura, CA
Hybrids: FEH 2005
Posts: 68
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Re: Tax credit-One of the first 60K (Strategies?)
Anybody know how the new tax law applies to used hybrids? It would be a great loop-hole selling point ... I could take my $2000 tax deduction in 2005, sell my FEH for ~$2000 profit (negative depreciation based on current Kelley Blue Book & Edmunds), then buy a new 2006 FEH and get the $2,600 tax credit! The ~$5K gained should take care of the hybrid premium quite nicely. Prius owners may do similar.
By-the-buy: If you want to buy American, you can pre-order a Ford Escape hybrid or a Mercury Mariner hybrid with the options and color you want (no wait list), then take delivery in 2006 for tax credit. That way you don't have to worry about the first 60K vehicle limit on foreign manufacturers.
-Dan
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