Colorado Giving Huge Tax Breaks on Hybrids
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.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid