Two Incorrect Myths Regarding Hybrids
submitted: Jun 28th 2008 |
by: JonButtress |
Total views: 1 |
Word Count: 410 |
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If you demand it, companies will come up with it. This has never been more apparent than with hybrid autos, the companies answer to a consumer nation that has become more environmentally aware.
The day you knew hybrids were here to stay was the day car companies started announcing hybrid SUVs. Imagine, all the size and little of the guilt. That being said, there are some misconceptions about hybrids, so lets address the big two.
Everyone hates taxes, but not when it comes to hybrids. The common myth is you can get a huge tax benefit if you buy a hybrid. As with anything involving taxes, you should know this is sometimes true and sometimes not.
Well, there are a few rules. First, you have to buy a new hybrid from a dealer. Second, you can only claim a tax credit if you buy an IRS approved hybrid. Third, you need to figure out the tax credit amount available when you actually buy the hybrid.
Many people want to know the amount of the hybrid tax credit, but it is an impossible question to answer. The IRS sets a different amount for each and every car. It then has the option of reducing this amount each quarter of the year.
This lowering of tax credit amounts can be a real shock to someone that purchased a hybrid. As of the writing of this article, the famous Toyota Prius is about to lose all of its tax credit. One has to think that fact is going to hurt sales.
Many people are outraged by the phasing out of the tax credit available for hybrids, particularly the manufacturers. Talk about a selling point! The credit, however, was never meant to support an industry, only generate interest in it.
The batteries used in hybrid vehicles give us our next area of controversy. These are not the run of the mill batteries found in your average automobile or truck. Rumor has it they don't last long and are incredibly expensive to repair.
In truth, there is no requirement that hybrid batteries be changed every 40,000 miles or so. Most brands come with warranties of up to 100,000 miles. Although hybrids are fairly new, the batteries are reported to last well into the hundreds of thousands of miles.
Is a hybrid for you? Maybe it is and maybe it is not. The important thing is to ignore the myths, get the facts and then make a decision you can live with happily.
About the Author
Jon Buttress writes about issues surrounding buying a vehicle from hybrid car dealers for HybridCarDealerDepot.com
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