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#124 of 258 Infro from UCSUSA website., Great Link.. Thanks!
Sep 02, 2005 (4:49 pm)
Federal Tax Credits for Advanced Vehicles: On August 8, President Bush signed the comprehensive energy bill into law. Included were new tax credits for advanced vehicle technologies ranging from $250 to $3,400 depending on the vehicle's level of fuel economy improvement. For a limited time, quality hybrids like the Honda Civic Hybrid, Toyota Prius or Ford Escape Hybrid will qualify for tax credits in the range of $1,700-$3,150. The tax credits will be available beginning on January 1, 2006 and will be available through December 31, 2010, though they will expire earlier for the most popular hybrids. The full tax credits will be available until a manufacturer reaches 60,000 vehicles sold (60,000 for Toyota, 60,000 for Ford, etc.). Once a manufacturer has sold 60,000 vehicles, a one-year "phase out" will begin after the next complete calendar quarter; 50% of the credit will be available for that manufacturer's hybrids in the first two quarters of the phaseout period and 25% in the final two quarters. UCS estimates the following credits for each hybrid vehicle currently sold:
HEV Model Emissions Rating Tax Credit
2005 Toyota Prius Bin 3 $3,150
2005 Honda Insight (automatic) Bin 5 $1,450
2005 Honda Insight (manual) Bin 9 $0
2005 Honda Civic Hybrid (automatic) Bin 2 $1,700
2005 Honda Civic Hybrid (manual 5-speed) Bin 2 $1,700
2005 Honda Civic Hybrid (lean burn, automatic) Bin 9 $0
2005 Honda Civic Hybrid (lean burn, manual 5-speed) Bin 9 $0
2006 Honda Civic Hybrid TBD* $2,100-$2,350*
2005 Honda Accord Hybrid Bin 5 $650
2005 Ford Escape Hybrid (front wheel drive) Bin 4 $2,600
2005 Ford Escape Hybrid (four wheel drive) Bin 4 $1,950
2006 Mercury Mariner Hybrid (four wheel drive) Bin 5 $1,950
2006 Toyota Highlander Hybrid (front wheel drive) Bin 3 $1,950
2006 Toyota Highlander Hybrid (four wheel drive) Bin 3 $2,200
2006 Lexus RX-400h (four wheel drive) Bin 3 $2,200
#125 of 258 Prius tax incentives for 2005/2006
Sep 05, 2005 (11:25 am)
I'm a new member, and am currently looking at the Honda Insight and the Toyota Prius.
I was told by a local Toyota dealer that the tax incentive for a Prius purchased before the end of 2005 was $2000.00. He said that the 2006 incentive will only be $500.00. Judging by the previous posts, that doesn't appear to be the case. Was he misinformed?
#126 of 258 Re: Prius tax incentives for 2005/2006 [mfusaro]
Sep 05, 2005 (12:12 pm)
The person that you spoke with at your local Toyota dealer was WORSE than misinformed. He was just totally ignorant of the subject, or deliberately attempting to mislead you. Actually, he was probably trying to get you to commit NOW (which would be in his best interest), instead of waiting for delivery after January 1, 2006 (which, taxwise, would be in your best interest).
#127 of 258 Re: Who the heck cares? [tdoh]
Sep 05, 2005 (12:15 pm)
I've done some homework and delved further back in this thread.
I'm old enough to remember the gas crisis of the 70's. I recall sitting in long lines, waiting on odd or even days for my 'gas ration'. At the time I was driving a volkswagon beetle, so I was better off than some. I remember the devastating effect on the economy, the massive inflation, out of control interest rates, and general decline in economic outlook that lasted into the 80's, when Reagan spent our way out of it.
Through all the ensuing years, I've wondered about the rationale of Detroit, the government, and people in general, who recovered and quickly forgot the impact of that glitch in the oil supply. The initial flurry of fuel efficient imports was quickly drowned out by bigger and thirstier American cars, and that trend has never stopped.
I recently decided to buy a new car. I had no idea there even were tax incentives. I looked at a Scion Xa and a few other small, fuel efficient cars, as well as the Prius and Insight. I will buy a fuel efficient car, regardless of incentives. Even with incentives, the hybrid cars are more expensive to own, but recent events have shown that gas prices can skyrocket overnight, and if that is a continuing trend, and I believe it will be, those statistics could change and hybrids will begin to look better and better.
#128 of 258 Re: Prius tax incentives for 2005/2006 [blane]
Sep 05, 2005 (12:20 pm)
thanks for the info, blane.
At the time, I wasn't aware there were any incentives. It occurs to me that he was probably fishing for an easy sale. He had two new Prius on the lot and was probably hoping I'd buy one on the spot. As it turns out, I was undecided and wanted to do a little more research before making a commitment..
#129 of 258 Re: Who the heck cares? [mfusaro]
Sep 05, 2005 (12:22 pm)
Have you sat in an Insight? You may find that you would have to make too many compromises in comfort, useability and driveability. You might want to look at the Civic Hybrid too.
#130 of 258 Re: Who the heck cares? [blane]
Sep 05, 2005 (12:43 pm)
No, I haven't tested an Insight yet. Frankly, the only thing I really like about it is it's fuel economy. I'm not impressed by it's design (hate that lack of rear wheel well), but I am willing to make some compromises. This will be the first new vehicle I've ever purchased that I will select for intellectual, and not emotional reasons. I've already decided to go back to a manual transmission (recently rebuilt my Dodge automatic trans for the 2nd time), regardless of what I buy, and I'm willing to accept that the 'get up and go' factor may be lacking in some situations. I can get by with limited seating, but would prefer to be able to carry more than one passenger. Between the honda and the toyota, I do prefer the Prius, and since both are overpriced to about the same degree, it's difficult to make a decision based on the sticker.
I did research the Civic. I'm equall unimpressed with the design of that car, however, there may be significant differences in comfort and driveabililty, between the that and an Insight.
I've read some customer reviews that expressed disappointment in the Prius mpg, which seems to fall somewhere far below what's advertised, so I have reservations about that car too.
I guess that's why I came to this forum. I'd like to find out what owners of the respective cars think about what they're driving, and hopefully get the benefit of the research that others have done. I thank you for your comments. That's one more thing to consider, before making a purchase.
#131 of 258 Re: Who the heck cares? [mfusaro]
Sep 05, 2005 (3:50 pm)
I've already decided to go back to a manual transmission
That will limit you considerably buying a hybrid. Your only real choice is the Civic hybrid with manual shift. The Insight manual transmission car is very difficult to find. And it appears that the 2006 Civic hybrid will only be offered with an auto transmission. All the other hybrids are Auto, including the Prius. Good luck with your purchase.
#132 of 258 Re: Who the heck cares? [gagrice]
Sep 05, 2005 (5:00 pm)
Thanks for your comment. Let me elaborate on what I posted earlier. I looked at several non-hybrid cars, including the Scion Xa, which boasts 38 mpg. All of the non-hybrid cars appear to gain a few mpg with manual transmission. My point is that I'm willing to drive a manual transmission, but not determined to do so. I'd be more than happy to find a reliable vehicle that gets great mpg with automatic transmission. The fact that manual transmissions are less likely to break down and easier to repair is just an additional benefit.
My dilemma, at the moment, is that since I tend to keep my new vehicles for 7 to 10 years, I have some reservations about new technologies and the possibility of huge repair bills down the line, or simple obsolescence as new, and improved technologies appear on the market. I'm torn between purchasing a lower priced(significantly) conventional vehicle with good fuel economy or a far pricier hybrid vehicle that gets great mileage, that may be outdated, 3 or 5 years down the line, and may be a mechanical nightmare if something goes wrong.
As you can tell, I don't purchase new cars as often as some do, so I'm less likely to make a snap decision, based on the fact that if things don't work out, I'm bailing out in 3 to 5 years.
Aside from the fact that the hybrids are more eco-friendly, the data seems to show that mile for mile, the hybrids are still more expensive to drive, despite the price of fuel, so I'm torn between buying a conventional car, for far less, and waiting a few years to see what happens, and jumping on the hybrid bandwagon and taking my chances.
#133 of 258 Re: Who the heck cares? [gagrice]
Sep 05, 2005 (5:07 pm)
PS. My favorite (hybrid), in terms of styling, convenience, comfort and price is the Prius. I hesitate because I've read that the mpg is significantly less than advertised, which kind of defeats the purpose.