Wednesday, May 26, 2010

Toyota Prius Tax Credit?

Does Toyota still offer the $2000 tax credit when you buy a Prius hybrid or did the government stop that offer?



Toyota Prius Tax Credit?

No, it didn%26#039;t lapse, not yet anyway. The full credit is available to the first 60,000 new hybrid vehicles from each company. They then reduce it after that for a certain length of time, and then reduce it again. Toyota has already surpassed the 60,000 vehicles sold, so the full credit is no longer available.



There is still a partial credit available until September 30th, 2007. If you purchase it between now, and Sept 30th, you are eligible for a credit of $787.50.If you purchased before April 1st, then you are eligible for a larger credit.



Toyota Prius Tax Credit?

I believe the govt let that credit lapse...did not renew it.

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