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Toyota Prius, Hybrid Cars, Sedan
#228 of 2152 Re: Bad experience at Kearny Mesa, SoCal [wood2318]
Sep 17, 2006 (1:18 pm)
Sorry to hear your experience; and lack of some "make-up" gestures from Kearny Mesa. I too had some bad experience in Puente Hills Toyota, and heard awful stories about Carson's Toyota too. While I was a Power Toyota this morning, getting my name on a 2007 #2 (scheduled to be in before Sept. 30), I saw at least 5 families getting "handled" by a slew of salesman, sales managers, business managers over payments, leases, and more payments again. Truly shocking to see how unprepared these folks were about such big decision, and how dealers just lead them to the slaughter house. It's the same every dealer I have gone to in search of my new Prius (6 total). Anyhow, since you are in SoCal, this FYI maybe helpful to you. Power Toyota has 3 incoming 2007 Silver #2, MSRP, in port and scheduled for dealer lot anytime after the 19th. I was the 2nd with deposit, one more left (as of noon today). I would think a 2007 is going to work out better for you than a 2006, if you are cool with the color and options. Good luck.
#229 of 2152 Prices in Chicago area
Sep 18, 2006 (2:29 pm)
We're thinking of buying a Prius Touring with package #5 (DVD Nav) in the Chicago area. After reading posts on the Internet, there are a lot of people who purchased their Prius under or at MSRP but in different parts of the country. Edmunds.com shows a ridiculously $3000+ above MSRP for this area. What gives?
If anyone has experience with purchasing Priuses in the Chicago area (as I've seen several on the street) please share. It most certainly would help first-time hybrid buyers like us.
Also, what is the deal with the taxes? Would it be good for '07 for the same $3150 amount as in '06 (for the first 60k cars sold)?
#230 of 2152 Re: Prices in Chicago area [virgilg]
Sep 18, 2006 (2:32 pm)
"Also, what is the deal with the taxes? Would it be good for '07 for the same $3150 amount as in '06 (for the first 60k cars sold)?"
You have 12 days to take deliver of a Prius to get the full tax credit. After that it is 1/2 of the full amount for 3 months, then 1/4 of the amount for another 6 months. Thereafter, nada, zip, zilch.
#231 of 2152 Re: Prices in Chicago area [virgilg]
Sep 18, 2006 (6:27 pm)
Virgil, will you be able to get 2007 before Sept. 30th in Chicago area? If yes, and it's a touring, then it must be one of the first touring Prius in the country. So please share. If not, good luck getting one.
#232 of 2152 Re: Prices in Chicago area [stevedebi]
Sep 19, 2006 (8:17 am)
You mean that more than 60k Priuses for '07 are already pre-ordered? What is the deal with 12 days? AFAIK, the wait time from ordering to delivery is measured in months, not days.
Finally, how is the deal with the taxes? I read that you are eligible for the tax deduction only if you owe money on the taxes, but not if the gov't owes you. Is this true?
Can you please clarify these?
#233 of 2152 Re: Prices in Chicago area [virgilg]
Sep 19, 2006 (12:07 pm)
"You mean that more than 60k Priuses for '07 are already pre-ordered? What is the deal with 12 days? AFAIK, the wait time from ordering to delivery is measured in months, not days.
Finally, how is the deal with the taxes? I read that you are eligible for the tax deduction only if you owe money on the taxes, but not if the gov't owes you. Is this true?"
The "12 days" was the time until Oct 1. There is no limit on the number of hybrids that can get the full tax credit, so long as they take delivery of the vehicle by 30 Sep 2006. So unless you can find one and take delivery in the next "11 days", you will only get 1/2 of the tax credit.
You have to owe taxes to get a tax credit. It is not money back; it is a reduction of the amount of taxes you have to pay.
#234 of 2152 Re: Prices in Chicago area [virgilg]
Sep 19, 2006 (12:13 pm)
There may be more authoratative experts on this forum than me, but I believe the tax deduction you were thinking applies for pre-Jan 1, 2006 hybrid purchases, which lets buyers deduct a variable amount off their taxable income when filing for income tax. For Jan. 1, 2006 or after, you get a straight $ 3150 tax credit on a Toyota Prius (less for other models and for Honda's). That is $ 3150 less on your federal income tax. So if you owe more taxes, you pay $ 3150 less, and if you are getting some (refunds) back, add $ 3150 to your uncle Sam tax refund check. Sure makes the Prius costs more tolerable doesn't it?
But this tax credit does not apply to tax filers who also AMT taxes, which applies for a lot of folks who owns businesses and/or rental properties. Only your accountants and your conscience can determine that.
The 12 days mentioned here is perhaps in reference to when the $ 3150 gets reduced to half ($1575). So if you get your Prius before Sept. 30, you get the $ 3150 tax credit. Between Oct and Dec, $ 1575, and the quarter after that, half of $ 1575, then nil.
If you don't get one by Sept. 30, I think it would be better to wait until Nov-Dec to get a 2007. You will get a newer car, a Touring model (as you said in your earlier posting), and perhaps a good discount off the MSRP. I think with gas prices coming down so quickly (for how long is another ??), and no $ 3150 tax credit, there will be Prius disconts finally. I also suspect people to buy Honda Civic Hybrids too, which will still have $ 2600 (I think) tax credit for some time to come.
As for me, I hope my 2007 will arrive before Sept 30. If not, I will follow my own suggestion and wait until Nov-Dec.
News in LA Times has mentioned Midwest gas prices dropping the fastest in the nation. So perhaps you won't even have to wait for long for Prius discount.
Good luck. CK
#235 of 2152 Re: Prices in Chicago area [stevedebi]
Sep 19, 2006 (5:10 pm)
For California Prius customers, it appeared that DMV was going to stop issuing any more HOV stickers but the Governor
has just authorized issuing 10,000 more so that should cover purchases over the next few months.
#236 of 2152 Re: Prices in Chicago area [cruising7388]
Sep 19, 2006 (8:08 pm)
Cruising thank you so much for the great news (CA HOV). Looks like Prius price (in CA) won't tank so quickly in the next few months after all.
#237 of 2152 Re: Bad experience at Kearny Mesa, SoCal [ck90211]
Sep 19, 2006 (9:06 pm)
Thanks for the tip. I did call Power Toyota yesterday and am on their wait list. But I'm going to try again tomorrow.