Tax Credit For New Prius...I'm So Sad now :( - Page 2 - GreenHybrid

galaxee · #11 (**permalink**) 12-23-2005, 02:24 PM

Denny, if you trade the govt may reclaim that $2k deduction. they reserve the right to make you keep the car 3 years to keep the deduction.

of course, it may get missed

Denny_A · #12 (**permalink**) 12-23-2005, 06:37 PM

Quote:

Originally Posted by galaxee

Denny, if you trade the govt may reclaim that $2k deduction. they reserve the right to make you keep the car 3 years to keep the deduction.

of course, it may get missed

I didn't read that.... and I'm stickin' to my story! Cute little wink you've got there kiddo.

petlachou · #13 (**permalink**) 02-03-2006, 08:39 PM

hello everybody,
does anyone know whether or not a new buyer is still available for the 3,150$ tax credit if he/she buys the car out of state....thanks for everybody's input

Schwa · #14 (**permalink**) 02-05-2006, 03:59 AM

It's a Federal credit, as long as you buy in the US, it should be fine, but... what do I know?

javawebgrrl · #15 (**permalink**) 02-09-2006, 07:35 AM

Just saw this on the internet this morning, I was not aware of this info regarding the hybrid federal tax credit for 2006 :

Quote:

Scharin noted that the credits will begin to phase out after an automaker has sold 60,000 qualifying vehicles, "so it may pay consumers to buy sooner rather than later" this year.

Looks like if this is correct, if you want the credit, you should buy early in 2006, don't wait!

PriusGuy04 · #16 (**permalink**) 02-09-2006, 12:09 PM

I had the same tax credit offer in 04'

. I didnt get mine until Nov. So I didnt get the credit...

Denny_A · #17 (**permalink**) 02-10-2006, 12:41 PM

Quote:

Originally Posted by javawebgrrl

......................snip.........Looks like if this is correct, if you want the credit, you should buy early in 2006, don't wait!

The full credit ($3150) will be available until at least June '06.

Below is a quote which summarizes the essence of the credit - from a member of priuschat.com ; here's a link, response #12:

http://priuschat.com/index.php?showt...%20credit&st=0

QUOTE: The 60,000 hybrid vehicle threshhold includes all models the manufacture sells after December 31, 2005.
If 60k hybrid vehicles are sold by a manufacturer sometime in the first quarter of 2006, the tax credit will follow the following schedule:
(2006Q1) - 100%
(2006Q2) - 100%
(2006Q3) - 50%
(2006Q4) - 50%
(2007Q1) - 25%
(2007Q2) - 25%
If the 60k threshold is reached in a later quarter, the 100% period will be longer for as many additional quarters as it took to meet that threshhold.
The quarters start on January 01, April 01, July 01, and October 01.
This means that the full tax credit for Toyota will be in effect at least until June 30, 2006. END QUOTE

BeGreen · #18 (**permalink**) 02-12-2006, 01:21 AM

The credit is based on 60,000 total units from the manufacturer. Highlanders and the new Camry hybrids are included, so it may be reached before June, depending on how soon the Camry is available and how well it sells out of the starting gate. But June seems a fair assumption at this point.

Schwa · #19 (**permalink**) 02-15-2006, 05:58 PM

Even if the limit is reached before June, the credit is still available until the end of the quarter, so there's no guesswork... It will be available at least until the end of June.

Bippy · #20 (**permalink**) 03-28-2006, 12:22 AM

Quote:

Originally Posted by BeGreen

The credit is based on 60,000 total units from the manufacturer. Highlanders and the new Camry hybrids are included, so it may be reached before June, depending on how soon the Camry is available and how well it sells out of the starting gate. But June seems a fair assumption at this point.

Hmmmmm.......one would think that IF TPTB wish to have more people utilizing Hybrids and keeping our air cleaner, that they would offer the tax credit no matter how many cars are sold.

Bippy