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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Dealer cash incentives: These cash incentives go between the manufacturer and the dealer, lowering the price of the car. The prices of the cars listed often include these incentives.
For example, if a dealer has an interest rate offer of 7.9% financing OR a $2000.00 rebate and a consumer's lending source offers 8.25%, a consumer should compare at the credit union what payments and total interest paid would be, if the consumer financed $2000.00 less at the credit union.
Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. The Toyota Prius Plug-in Hybrid , released in January 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh. [183]
If you crunch the numbers and cash rebates offer you a bigger savings opportunity, a 0 percent financing deal wouldn’t be worth it. Imagine you can take advantage of a $4,750 cash-back offer on ...
Rebates and Cash-Back Rewards. The IRS does not tax cash rebates you receive on items you buy from retailers, dealers or manufacturers. Even better, this rule also applies to many kinds of credit ...
This page was last edited on 9 December 2017, at 13:44 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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