I'm 43 and picking up my TCH Saturday.
How do the tax breaks work?
Do you get any paperwork from the dealer for that?
Thanks for the info!
Steve
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Originally Posted by BJM5499
I'm 25 and If I were given the chance to go back in time I would do the same thing. Buy a Toyota Camry Hybrid 
As jhfarr said, these cars just make sense when it comes down to savings over time. Toyota cars are really known for their reliability and resale value, and when you buy a hybrid model of the worlds best selling car, you know if you NEED to sell it later on down the road you're going to get a premium for it, unless you treat it like crap.
The money you will be saving in taxes well makes up for buying the car, especially when you buy right NOW. I will get 2600 back from the fed for buying this car and as long as the ohio bill passes I will get an extra 2000 state tax money back. When you combine that money (since its a CREDIT, not a deduction, which is wonderful  ) I can pretty much take 4600 off of the overall cost of the car, which brings this car down to about what the base model camrys cost.
Depending on how you drive, and what vehicle you had previously, the TCH could save you between 3-5,000 dollars in gasoline alone(over about a 6 year time).
Anyone that wants or needs another car that has done some thinking and working numbers should know. This is a GREAT time to buy a TCH. That's why the dealers are trying to jack up these cars over msrp.
I'm not saying that this should be the main reason to buy one. I love the features and looks of the car, and the quality is definitely superior when compared to similar priced brands/models. The cash savings should just be an added "perk".
Just my 2 cents.
Brian |