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Colorado Giving Huge Tax Breaks on Hybrids

October 29, 2009

Colorad Hybrid Tax BreakIf you live in Colorado and are interested in buying a hybrid, you have until the end of this year to qualify for a huge tax break.

colorado has been giving a tax credit of up to 85% of the difference between the cost of a car that runs on alternative fuel and one that runs on regular gas.

To take this tax break to the extreme, you could buy a $100,000 Tesla Roadster and get a tax break of $42,000. If you buy a Lexus LS 600h, you would get a $20,000 tax break.

Tesla will begin selling their electric car in Colorado next month and the tax rebate is available until December 31, 2009.

See the lowest prices on a vehicle in your area (plus see the actual incentives you qualify for)
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My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.

California Residents - Important:

There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.

- Gregg Fidan

Gregg Fidan

About: Gregg Fidan


Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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