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Tax Topic: Honda Civic GX = Highest Tax Credit

Discussion in 'Members' Lounge' started by reckedracing, Mar 1, 2007.

  1. reckedracing

    reckedracing TTIWWOP VIP

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    I was just doing some research on tax credits for hybrid vehicles
    apparently after the company sells 60,000 the credit gets reduced
    but one vehicle never drops its credit
    and it also has the highest credit of any of the vehicle

    the honda civic gx, which runs on natural gas
    if you're gonna have a large tax bill in 07 and are in the market for a new car you might want to consider this one
    you'd need to have natural gas in your home so i'm sure it doesn;t apply to most, but i found it interesting

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  2. chestercheeto48

    chestercheeto48 Senior Member VIP

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    That would be pretty bad ass as long as NG prices don't sky rocket. Also any clue as to what the sticker is for that vehicle or the specs on it?
     
  3. pissedoffsol

    pissedoffsol RETIRED

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    specs:
    8k more than a normal civic
    slow as fuck.
    ugly ass wheels

    price tag increase will take 12 years at 15k miles a year to make even on at $2.50 a gallon price tag, assuming NG stays where it is.

    might as well have just got the regular civic.
     
  4. reckedracing

    reckedracing TTIWWOP VIP

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    8k more than a regular civic, less the 4k tax credit from feds, dollar for dollar cut on your tax liability, plus anything your state might offer

    but the major factor is 1) you can fill up at home, 2) you're driving the cleanest car on the planet
     
  5. pissedoffsol

    pissedoffsol RETIRED

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    a 4k cut in liability is not 4k back in your pocket.

    hell, my 19k in write offs earned me about 4k off my taxes.
     
  6. reckedracing

    reckedracing TTIWWOP VIP

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    Last edited: Mar 1, 2007
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