Green car tax credit expiring December 31st

On January 1st, buyers interested in purchasing hybrid vehicles will no longer be able to take advantage of the green car tax credit that has been available on qualifying vehicles for the past five years.

While many hybrid vehicles have already reached their sales thresholds and therefore no longer qualify for the tax credit (including models manufactured by Ford, Honda & Toyota), the clock is ticking for other models whose eligibility will be expiring at the end of the year. Among hybrids that still qualify for the tax credit are several Consumer Reports Recommended vehicles, including a few with significant dealer cash incentives on top of the government tax credit. For example, in addition to the tax credit that can be subtracted directly from the federal tax, consumers in the market for a new pickup truck have the potential to save over 10% off MSRP with the current customer cash incentives being offered by General Motors on the 2011 Chevrolet Silverado and GMC Sierra 1500 hybrids.

Here’s a look at the Recommended hybrid models that are still eligible for the tax credit.

2011 GMC Sierra 1500 4x4 Hybrid Crew Cab 3HB	1/3/2011	48,190	45,540	Yes	No	Get the Bottom Line Price	10%+
2011 GMC Sierra 1500 Hybrid Crew Cab 3HB	1/3/2011	45,040	42,563	Yes	No	Get the Bottom Line Price	10%+
2011 GMC Sierra 1500 4x4 Hybrid Crew Cab 3HA	1/3/2011	41,860	39,558	Yes	No	Get the Bottom Line Price	10%+
2011 GMC Sierra 1500 Hybrid Crew Cab 3HA	1/3/2011	38,710	36,581	Yes	No	Get the Bottom Line Price	10%+

Read More: http://blogs.consumerreports.org/cars/2010/12/green-car-tax-credit-expiring-december-31st.html

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