[Oeva-list] Cash for clunkers item

[Joanne Daschel]

Not to put any more wind in the sails of that original posting, but just thought I would point out the original premise of taxation on the "clunkers" credit as income (by FEDZILLA, which I guess refers to the federal government) is indeed false.  The legislation specifically says it will not be considered income by the federal government.  It can even be combined with hybrid-vehicle tax credits at the end of the year, if that applies to your purchase.  Local and state taxing authorities are not prohibited from taxing the clunker money however, which means it might require citizens doing a little research in advance of the purchase.  And possibly activism if they find the local and state gov't deciding to consider it income.

You can research all the fine points of the legislation yourself at www.cars.gov (the website set up for this program).

As to dealer pricing, fuel economy etc... seems to me that a savvy buyer does their homework in advance to determine competitive pricing and if a sudden run-up in prices outpaces the discounts offered, then you walk away.  Same as always.

Hope we can get back to electric vehicle information!  1980 Electravan owner Joanne Daschel, Lincoln City OR
-------------- next part --------------
An HTML attachment was scrubbed...
URL: /pipermail/attachments/20091003/3c2b4338/attachment.html