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Car Loan For People With Bad Gov. George E. Pataki proposed tax breaks today potentially worth more than $2,000 for anyone who buys a hybrid vehicle that runs on both gasoline and electricity.

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Poor Credit Car Loan The first hybrid cars went on the market in 2000, and they make up a tiny fraction of it, with just 700 sold last year in New York State. They cost more than comparable gasoline-only cars, by anywhere from $2,000 to $7,000, according to the auto industry.

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Bad Credit Car Finance In a rare alliance, environmentalists and the industry have joined forces to press for tax breaks for buyers of hybrids, to help increase sales, which will lower the price. This week, the American Lung Association of New York State and Ford Motor Company sent a joint letter to the governor, asking for such breaks.

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Bad Car Colorado Credit Loan "The use of hybrid, zero- and near-zero-emission vehicles is crucial for making New York State's air more healthful," said Peter M. Iwanowicz, director of environmental health at the Lung Association.

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Yes Car Credit A hybrid uses an electric motor at low speeds, and a small gasoline engine at higher speeds when such engines are most efficient, so it consumes much less fuel than a comparable gasoline-only car. The hybrid's gasoline engine and brakes generate the electricity to keep the battery charged, so there is no need to plug it in.

Bad Credit Car Mr. Pataki's bill would provide a $2,000 tax credit against the state's personal income tax or business tax for the buyer of a new hybrid. The bill would also make $3,000 of the purchase price exempt from state and local sales tax, for a saving of $240 on an 8 percent sales tax. And it would make those savings retroactive, so that anyone who has already bought a hybrid would qualify.

Instant Car Loan With Bad Last month, the Internal Revenue Service issued a ruling that the federal tax deduction for alternative-fuel vehicles also applies to hybrids. The deduction is up to $2,000, depending on the price of the vehicle, for a tax saving of about $600.

Car Credit City The only hybrids now on the market are small cars: the two-seat Honda Insight and a pair of compact sedans, the Toyota Prius and a hybrid version of the Honda Civic. But bigger ones are coming. Ford plans to begin selling a hybrid version of its Escape sports utility vehicle next year, Daimler-Chrysler is considering a hybrid minivan and General Motors is considering a hybrid pickup truck.

Bad Credit Car Refinance Industry officials said they did not know how much influence the tax breaks would have on sales.

Bad Credit Car Loan Ontario By Richard Perez-Pena
New York Times - 6/15/2002

Topic: Transportation

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