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Prices Paid: Buying & Leasing Experiences Honda Civic Hybrid Prices Paid and Buying Experience
614 messages, Last post on Aug 06, 2009 at 6:00 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: darwin223 (Jan 05, 2006 10:40 pm) And 30 MPG is the city rating on the new Civic. Unless you are driving ONLY in city traffic, you should do better that averaging 30 MPG in the standard Civic. Warner
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Replying to: hchryder (Jan 05, 2006 10:45 pm) No disrespect intended hchryder, but I think you are the one who needs to get his facts straight. From irs.gov. "If you are the original (first) owner of a qualifying hybrid vehicle — one that combines an electric motor with a gasoline-powered engine — you may be eligible to claim a one-time tax deduction on your federal income tax return. Under the Working Families Tax Relief Act of 2004, the deduction amount is limited to $2,000 for cars first put into use in 2004 and 2005. the deduction will be limited to $500 for vehicles placed in service in 2006, and no deduction will be allowed after that year." I'm no tax expert, but I believe a deduction is something that comes off your AGI.. not your tax owed. If your Honda dealer told you it was "credit" off your taxes.. they lied. (Gee.. I'm shocked.. shocked I tell you.) In addition, it looks as though the deduction from AGI has been lowered to only $500 as of Jan. 1st. Might save the average joe a hundred bucks or so off his taxes. My point is.. Hybrids never save you money. In fact, just the opposite is true. You pay through the nose for them, in both the short and long term. You are, however, quite right when you say that early adopters like yourself will help bring this technology down in price for the masses. But there will always be the issue of the costs involved with replacing a very expensive battery pack. Is your CA battery pack "warranty" pro-rated? I'd be surprised if it wasn't.
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Beginning January 1st, 2006, it is indeed a credit, not a deduction.. The purchase price of a car is not the main component of it's cost... That would be depreciation.. It is the difference between purchase price and resale that is the major component of a vehicle's cost of operation. Now.. let's get back to actual Prices Paid. Thanks, kyfdx Host-Prices Paid Forums
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Replying to: passat_2002 (Jan 06, 2006 11:33 am) See this website for details on 06 Tax CREDIT. |
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Replying to: kyfdx (Jan 06, 2006 12:05 pm) |
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Replying to: passat_2002 (Jan 06, 2006 2:02 pm) It is indeed a tax credit worth ~ $2,100 today (after Jan. 1, 2006) vs. the $2,000 deduction from years gone by. Paying MSRP? Why? There are those even in the state of CA. that have picked their HCH-II’s up for less then $500 under MSRP. Psyshack posted a Honda dealership in OK. that is letting them go for $500 over invoice! Good Luck Wayne R. Gerdes
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Replying to: xcel (Jan 06, 2006 3:09 pm)
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Replying to: passat_2002 (Jan 05, 2006 6:21 pm) From a top down instead of bottom up view, I purchased the HCH and money savings was not the top priority vs. the time savings gained. As the saying goes 'time really is money' for a lot of folks, the time-savings byproducts (i.e., more sales visits) should/could be calculated in this breakeven scenario. Yes, the incentives from the gov't, some employers (i.e., Google) some free parking, etc. etc. are nice too, but also just looking at the freakin' maintenance/support costs of my much moooore expensive car, this HCH is a great value, as well as a fresh looking vehicle vs. the Prius. So, I would have to hope that for more than a few of us, it is not impossible to come out ahead here. Thx |
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Replying to: darwin223 (Jan 06, 2006 3:34 pm) |
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Replying to: kyfdx (Jan 06, 2006 12:05 pm) This is what I'm paying for the 06 Civic Hybrid Auto Trans no Navigator( my mistake) in Connecticut MSRP$22,400.00 No State Taxes(Thank u Governor) Federal Taxe reduction $2100.00 (Thank u Mr Bush(barf barf) Dealer process fee.$159.00 Registration. $155.00 I bought the extended Warranty for an extra 4 years for a total of 7 years for $1170.00.$70.20 taxe(I'm getting tired of fixing cars in the cold,not such a bad deal. The only thing that I could of done without was the VIN etching cost $169.00(I'm getting soft)was already on the car So total $24,123.20 I'm very happy to keep it under 25 Gs I think it took nearly 4 months of waiting. My wife will be happy.
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