GreenHybrid Interactive Hybrid Car Resource
Home Discuss Articles Compare Share Shop
GreenHybrid.com   Hybrid Car Forums   Tech Information   Mileage & Specs   Photo Gallery   Buying Guide  
GreenHybrid Mileage Database - Click here to track your MPG! Join Hybrid car discussions today - Create a FREE GreenHybrid Account

Go Back   GreenHybrid - Hybrid Cars > Hybrid Topics > Government & Taxes
Sign in using an external account
Register Forgot Password?

Government & Taxes Money, credits and more!

Reply
 
 
 
 
LinkBack Thread Tools Search this Thread
  #1 (permalink)  
Old 07-16-2007, 11:01 AM
ryanw's Avatar
teh nuberz
 
Location: az
Hybrids: 2006 civic hybrid
Posts: 53
Default tax credit for used hybrid?

I keep hearing mixed things about this. Does anyone know for sure whether or not I will be eligible for any tax credit for buying a 2006 honda civic hybrid in 2007?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #2 (permalink)  
Old 07-16-2007, 01:39 PM
Active Enthusiast
 
Real Name: Tim
Location: Dearborn, MI
Hybrids: '05 Ford Escape Hybrid 4WD & '06 Toyota Prius
Posts: 246
Default Re: tax credit for used hybrid?

From the IRS website:

"The credit is available only to the original purchaser of a new qualifying vehicle. "

See: http://www.irs.gov/newsroom/article/...107766,00.html
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #3 (permalink)  
Old 07-16-2007, 02:03 PM
ryanw's Avatar
teh nuberz
 
Location: az
Hybrids: 2006 civic hybrid
Posts: 53
Default Re: tax credit for used hybrid?

balls.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #4 (permalink)  
Old 07-16-2007, 02:27 PM
Energy Independence
 
Real Name: Steve
Location: Richardson, TX
Hybrids: '06 Civic Hybrid Magnetic Pearl w/Navi (as of July 1, 2006)
Posts: 1,284
Default Re: tax credit for used hybrid?

Balls indeed.
But this is proper, since the original owner got the Tax Credit. The Gov't doesn't want to pay the credit on the same vehicle over and over, each time it is sold over its life.

.

Steve

STOP terrorism - Drive a HYBRID

Vehicles:
350 miles a week ------------ 2006 HCH II, Magnetic Pearl, w/NAVI (born on May 25, 2006)
350 miles a month ---------- 2003 Mazda Tribute ES-V6
350 miles a year (for now) - 1986 Mercedes 560SL
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #5 (permalink)  
Old 07-18-2007, 07:16 PM
Active Enthusiast
 
Real Name: Patrick
Location: Decatur, Indiana
Hybrids: 2008 Mercury Mariner
Posts: 182
Default Re: tax credit for used hybrid?

That would be fitting for the government to give the same credit over and over each time the same vehicle sold. Most states charge sales tax each time a vechicle is sold over and over....
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #6 (permalink)  
Old 07-19-2007, 03:23 PM
ryanw's Avatar
teh nuberz
 
Location: az
Hybrids: 2006 civic hybrid
Posts: 53
Default Re: tax credit for used hybrid?

I was thinking the same thing. Not only that, but someone else decided not to continue to save on fuel usage and traded it in. I traded in my gas guzzling hot rod for this car and put it back on the road. That ought to be worth something.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #7 (permalink)  
Old 07-21-2007, 04:19 PM
Think green.
 
Location: New England
Hybrids: 2004 HCH
Posts: 683
Default Re: tax credit for used hybrid?

From what I read when I purchased my used hybrid, there is no federal tax credit for anyone other than the original purchaser.
But I didn't have to pay state tax on the car.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #8 (permalink)  
Old 08-14-2007, 09:42 AM
Pretty Darn Active Enthusiast
 
Hybrids: 2009 Ford Escape Hybrid Limited 2WD
Posts: 463
Default Re: tax credit for used hybrid?

well, if that car was never titled then it would still be new even if you bought it in 2007. but, i doubt that is the case. i feel if you get a hybrid you should get an incentive instead of just being "green".
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #9 (permalink)  
Old 09-03-2007, 07:19 AM
Enthusiast
 
Real Name: Kate
Location: Newport Beach, CA
Hybrids: 2007 Toyota Prius package #2
Posts: 2
Default Re: tax credit for used hybrid?

that is why we didnt buy a prius with 344 miles on it. it was an unwind deal and they wouldn't even give me the eco rebate toyota is offering now so i said forget it. plus the new one i got is better because it has more stuff on it . But i dont see anything about the 07 ones for tax credit so does that mean i dont get anything or they dont post it until tax time?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
  #10 (permalink)  
Old 09-10-2007, 01:03 PM
Pretty Darn Active Enthusiast
 
Real Name: Alden Bowles
Location: Frisco, Tx
Hybrids: 2005 Toyota Prius II HSD
Posts: 253
Default Re: tax credit for used hybrid?

If you do it will be much smaller. The Prius credit started at $3150 and is headed toward elimination because the credit was only good on the 1st 60,000 sold thru the following qtr that milestone was reached. It then drops incrementally after each additional 60,000 are sold 3 more times until elimination. Or something like that.

.

Alden Bowles
2005 Toyota Prius II HSD

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
 
 
 
Reply

Tags
break, buy, buying, car, cars, credit, credits, govt, hybrid, hybrids, incentives, purchase, rebate, tax, vehicles

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Topic Starter Forum Replies Last Post
Details about the Highlander Hybrids Dianne Toyota Highlander Hybrid 10 11-04-2008 09:44 PM
Highlander Hybrid details Dianne Toyota Highlander Hybrid 9 01-13-2008 07:39 PM
Wisconsin Hybrid Car Tax Credit Bill Needs Your Help! ericbecky Government & Taxes 0 05-04-2007 07:19 AM
Hybrid tax credit bait and switch delao13 Toyota Camry Hybrid 73 04-09-2007 09:16 AM



All times are GMT -7. The time now is 08:39 PM.

Contact Us - GreenHybrid - Archive - Top
Home | Hybrid Discussion Forums | Hybrid Articles Archive | Mileage Database | Hybrid Photo Galleries | Compare Vehicles
Terms of Service - Privacy Policy - Advertising
GreenHybrid.com, Copyright 2008
InternetBrands.com Automotive Network

GreenHybrid.com founded by Jason Siegel.
Emails Backup

SEO by vBSEO 3.5.2

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61