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.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides 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.
- 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...
- 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