As has been widely reported, today marks the official end of the popular Cash for Clunkers program.
But that doesn't mean the government has stopped doling out money to people who purchase new, fuel-efficient vehicles. You just have to wait longer to cash in, and the payout is less generous. There are tax credits available for anyone who purchases qualifying hybrid vehicles. The trick is that the tax credit becomes less and less generous as more of each model are sold. (Tax credits for popular Toyota and Honda hybrids have already sold out, for instance, and Ford and Mercury brands are fast running out.)
You don't even have to trade in a clunker to take advantage of this program. (Though, if you are trading in a clunker, you can maximize your tax credit by donating it to the Alliance to Save Energy, which allows you to deduct its value as a charitable contribution. The bonus for the environment is that -- just like the government Cash for Clunkers program -- the Alliance to Save Energy will see to it that your inefficient old vehicle is permanently removed from the road, permanently reducing its pollution and demand for gas.
So which vehicles qualify? Take a look:
The figures below are up to date, according to the Alliance to Save Energy's list of incentives and the government's fueleconomy.gov site, but these figures do not reflect all the details. Tax credits vary according to model year, whether the vehicle is a 2WD or 4WD and other factors. The one consistent part is that only hybrid gas-electric versions of these models apply, not their gas-only cousins. (The *s denote the most fuel efficient 2009 models.)
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