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2011 Hyundai Sonata Hybrid Comes With $1,300 Tax Credit

October 21, 2010

Hyundai Sonata HybridHyundai officials confirmed that the 2011 Hyundai Sonata Hybrid will qualify for a $1,300 federal tax credit when launched in December.

However, all hybrid tax credits are set to expire on December 31, 2010, so you won't have much time to act.

Here are a few things to be aware of before you rush out to place an order.

Some dealers will take advantage of the fact that this car is in demand and will mark up the price.

This could offset any savings you hope to get from the tax credit.

If you wait a few months, you can save the same amount of money - or more.

The initial buying frenzy will subside, and prices will fall.

You'll have a better selection and be able to realize your savings instantly, rather than a year later when you file your tax return.

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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