money sectionmoney sectionThe Energy Policy Act of 2005 established a taxpayer credit for certain fuel-efficient vehicles such as hybrid cars that were purchased or put into service between January 1, 2006 and December 31, 2010. To qualify for the credit, you must be the original purchaser of a qualifying vehicle, and you must have purchased the vehicle for your use from 2006 to 2010. In addition to these, there are several other requirements.
If you are considering the purchase of an electric vehicle, be sure to take full advantage of federal tax incentives that may be available to buyers of vehicles that run primarily on electricity. Depending on the type of electric vehicle you invest in, it is possible to take advantage of multiple tax credits on a single transaction. In addition to federal tax credits, some states might have their own separate tax credits for electric vehicles. When you consider the savings from using federal and state tax credits along with the potential savings on gas, buying an electric vehicle may become…
As part of larger promotional campaigns, Yamaha bikes are often offered at exceptionally low costs. But if you're a new Yamaha buyer, you should be aware that there's a small window in which to pay off the loan at the special promotional rate, usually in the form of a Yamaha card. Sometimes the interest rate jumps up by as much as 14 percent. The best thing to do is to get a fixed-rate loan from another lender, pay off the Yamaha-associated loan at the low rate with your new loan, and then pay off the new loan.
A tax credit for purchasing a Toyota Camry Hybrid was put into effect around 2005, but has since been phased out. Find out how the lack of a tax credit has brought the price of Toyota Camry's down with information from a Toyota sales representative in this free video on Toyota cars.
Saving the environment while putting money back in your pocketbook sounds too good to be true. The Alternative Motor Vehicle Credit came as a result of the 2005 Energy Policy Act. Beginning with the 2006 tax year, taxpayers who buy a hybrid car receive up to a $3,150 tax credit. Follow these steps to get a tax credit when you buy a hybrid car.
