New Car Tax Credit

IndyMike · 02-16-2009, 10:35 AM

One of the few appealing aspects of the new Congressional Funding Document, er excuse me, Stimulus Package, is a sales tax credit for vehicles (with certain limitations) bought this year.

Personally, it's still a little fuzzy to me regarding the vehicle cost limitation. As I understand it the credit cuts off at $49.5k, meaning any vehicle that costs above that limit will not accrue the purchaser any additional 'stimulus'.

Anyway, anyone considering pushing up their perseverating on a new car purchase because of it this year, as opposed to next year?

Admittedly, I am.

ff · 02-16-2009, 10:45 AM

Between the tax credit and the killer new car deals out there, I can't think of a better time to be buying. Assuming that the person buying is financially secure.

I'm happy with the vehicles I have. But you can bet that I'd be looking right now if I wasn't.

FC · 02-16-2009, 10:54 AM

On the jeep (haven't bought it yet), we're getting 6K off and 0% financing for 48 months.

02-16-2009, 10:35 AM	#1
IndyMike Elected by grace Join Date: Feb 2006 Carmudgeonly Ride: 11 1 M; 11 328iT; 22 M240ix Location: Brickyard Posts: 1,962	New Car Tax Credit One of the few appealing aspects of the new Congressional Funding Document, er excuse me, Stimulus Package, is a sales tax credit for vehicles (with certain limitations) bought this year. Personally, it's still a little fuzzy to me regarding the vehicle cost limitation. As I understand it the credit cuts off at $49.5k, meaning any vehicle that costs above that limit will not accrue the purchaser any additional 'stimulus'. Anyway, anyone considering pushing up their perseverating on a new car purchase because of it this year, as opposed to next year? Admittedly, I am.

02-16-2009, 10:45 AM	#2
ff . Join Date: Mar 2004 Posts: 13,514	Between the tax credit and the killer new car deals out there, I can't think of a better time to be buying. Assuming that the person buying is financially secure. I'm happy with the vehicles I have. But you can bet that I'd be looking right now if I wasn't.

02-16-2009, 10:54 AM	#3
FC Solving problems Join Date: Oct 2003 Carmudgeonly Ride: M5 / 718 GTS / Cooper S / GTI / LR4 Location: Metro Boston Posts: 25,264	On the jeep (haven't bought it yet), we're getting 6K off and 0% financing for 48 months.