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10-17-2005 10:46 PM #1
Wait until 1 Jan to buy your 2006 Hybrid
I just got off the phone with the IRS. The new energy bill starts 1 Jan 2006. What does that mean to a hybrid buyer? Let me explain with an example: 2006 civic hybrid, if you buy it now, you get a $2000 clean air tax DEDUCTION. If you wait until 1 Jan 2006, you get a $2100 tax CREDIT. That means its almost a triple of money for waiting 2 months.
For those people buying a Prius, the CREDIT is even better, $3150!!!!
So my advice, wait 2 months to get it or have it delievered after the first. It just makes sense.