Colorado Giving Huge Tax Breaks on Hybrids
If 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.
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- Gregg Fidan
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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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