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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.

My Recommendation for Car Shoppers

TrueCar, Edmunds, 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.

New York Tri-State Residents - Important:

There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.

- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
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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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