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To help reduce America's dependency on foreign oil and the amount of emissions the country produces, tax breaks for hybrid vehicles were introduced as a purchasing incentive between 2004-2005. The initial clean-burning fuel deduction was part of the Energy Policy Act of 2005. Tens of thousands of consumers have already taken advantage of the original tax incentive and many of the original qualifying vehicles have already sold the maximum 60,000 units that qualified for the program.

Extension on Original Hybrid Tax Credit

The new stimulus bill signed into order on February 17, 2009 by President Obama extends the deductions into 2010. There are still many qualifying vehicles that can take advantage of the tax break for hybrid vehicle purchases. Qualifying vehicles are described as hybrid gasoline-electric, diesel, battery-electric, alternative fuel, and fuel cell vehicles. Specific vehicles from Ford, GM and Nissan can still be purchased and receive a tax incentive "based on a formula determined by vehicle weight, technology, and fuel economy compared to base year models," says energystar.gov.

How Long Will the Hybrid Tax Incentive Last?

The stimulus plan includes a new tax break for the purchase of plug-in hybrid electric vehicles (effective January 1, 2009). This deduction ranges between $2,500 and $7,500, and will apply to the the first 250,000 purchasers of these vehicles sold. The program will fade out once the limit of vehicles is reached.

If you're thinking about purchasing a new car, specifically a hybrid, now is the best time. The government is offering tax credits and there are also incredible dealer incentives and consumer protection plans being offered by many auto manufacturers. Get yourself a low interest auto loan prior to your purchase, so that your financing is secured ahead of time, and be ready to enjoy the car shopping experience.

Before you purchase a car, its good to research vehicles and various rates online. While it may seem easier to simply visit dealerships to conduct your research, there are tons of websites available that make searching for cars more convenient and time-friendly than ever.

Here are a few reasons that conducting an online auto search is a great way to go:

Many sites offer side-by-side vehicle comparisons. No matter how much traveling from dealership to dealership you commit yourself to, its hard to truly compare cars without taking tons of notes and having weeks of free time on your hands. This is where conducting an online auto search comes into play. Many sites allow you to view multiple vehicles side by side to compare their stats. This way, you can make informed choices before you leave the house.

You can search for cars in other locations. One great benefit of making an effort to research vehicles over the internet is being able to locate cars not just in your area, but around the country. Most websites that offer this service allow you to enter your zip code along with the number of miles away from the zip code youd like to search. After submitting, they will locate all of the cars in your criteria within the mile radius youve specified. By searching this way, you may just find the car youre looking for in the next town over.

You can determine all associated fees from home. Convenience is a major plus when participating in something as tedious and time-consuming as trying to purchase a car. This is why conducting an online auto search is a great. It allows you to determine not just the cost of the cars youre interested in, but also how much you might have to pay in interest rates, insurance coverage, licensing fees, sales tax, and just about anything else you can think of. The good news is that all of these searches can be conducted from home so that you can make more informed decisions regarding the vehicle you should choose without leaving the house.

If youre ready to purchase a car, its good to research vehicles through a number of websites. This way, you dont have to spend a lot of time visiting various dealerships. You can instead narrow down your choices before leaving the comfort of your home.

Buying a new car can be a stressful event, especially if you've never negotiated for a vehicle before. Researching your dream vehicle and its list price on the web is only the beginning of the purchasing process. There are several steps to take to help ensure you get the best price on the car....

The market is currently ripe for those consumers looking to take advantage of lowered interest rates and refinance deals. Refinancing those loans means securing a new way of borrowing money from another lender while they pay off your last loan. Before considering refinancing or paying off your...

A successful auto loan broker is able to work with various banks and lenders to research loan and interest rates so that you can pay the lowest amount for a vehicle. But how do they do what they do? Lets take a look:

The auto loan broker creates strong relationships with banks and lenders. Their...

Getting auto loan financing for a car you want prior to visiting the dealership is a strategy many prospective buyers are adopting in droves. By going to a financial institution in person or via the internet, consumers are finding that the process of purchasing a car is often times a lot easier.

The process of financing a car through an auto loan brokerage is usually pretty simple and can save you a lot of time and effort. But what is the process involved in working with them? Lets take a look:

Tell Them What You Want

The first aspect of working with an auto loan brokerage is explaining...

Some consumers prefer to finance online rather than bother with going to a financial institution in their area, or working directly with a dealership. In addition to convenience, there are a number of reasons that taking this route can be very beneficial when buying a car. Lets look at what a...

It isnt just that you want a new car, you need it, and fast. Many times decisions are made at a rushed and unfortunately that may the only way to handle some decisions. If you just need to get a new car fast, you will also need to move quickly to locate your auto loan. You are right to question...

If you are considering buying a new car, now is the time. Car lots are covered with inventory that hasnt moved in months and dealers are getting desperate to make their quotas and commissions, meaning you can actually negotiate a sweet deal for your self. A celebratory dance may be well earned...