Re: Are used hybrid buyers eligible for the federal tax benefits?
I found that Colorado's (maybe other states, as well) tax credit is a one time use law (as opposed to the federal law allowing the credit only for a new car). If the hybrid hasn't been registered with the state, you can get the tax credit. Colorado wants proof that the vehicle wasn't registered before and you get a percentage determined by the difference between the msrp for a non-hybrid and the price you paid. If the msrp for a new non-hybrid Escape was say, $30000, and you bought yours for $24K....You get 80% of the credit.