Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Tax credit question for hybrid Altima Date: 12/11/2007 10:34 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
I have a friend getting a dealer's license in a month or so and he's promised he could get me one at a wholesale auction, and he would only charge me California sales tax, no mark-up. So I need to know if I'm going to be eligible for the tax credit if the car doesn't come directly from Nissan.

Hardly any car comes "directly" from the manufacturer. The credit is available to the original owner. Speaking only from hunch, I assume that's the first non-dealer to buy the car.

Also, I believe these types of tax credits go down the more cars are sold. Is that correct?

Yes.

Is there any way to know what the tax credit on Altima hybrids will be if I wait until January to buy one? When does that information come out in the course of a year?

It comes out quarterly. This should tell you what you need to know:

http://www.irs.gov/newsroom/article/0,,id=175641,00.html

Phil
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement