Ecomike
NAXJA# 2091
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- MilkyWay Galaxy
I know this subject has beat to death (pun intended), and I am not of fan of killing good parts vehicles, especially XJs (the toys can go as far I am concerned), but if anyone here in Texas is looking to trade in and get a new set of wheels you might want to read on. I am condoning doing this with your XJ (WE WILL WATCHING YOU! LOL) but if some other used, POS clunker and you are thinking of trading it in the CFC deal read on.
I heard today on fox news that it is $3500 for a 4 mpg upgrade, and $4500 for a 10 mpg upgrade on CFC.
Also there is an extra $1700 federal tax credit if you buy a Ford Hybrid in the deal. In fact all the hybrids seem to have extra federal tax credit incentives. See below.
Then if you live in Texas there is another another $3500 kicked in from the Texas "drive a clean machine" program, that funds replacing clunkers (like oil burners) with a more energy efficient, cleaner exhaust vehicles.
Here is a LINK to the Faux news where I saw this.
With $9700 in cash, plus dealer/OEM offers, plus in Texas there is a large sales tax on the new car purchase, that is deductable on federal income taxes (according to the article), I am starting to wonder if the days of shopping for used CHEAP used XJs (or other cheap used car) in Texas may not be over for a while. For some that want a new high mileage set of DD or work wheels, this is going to be one sweet deal, deal of life time from the looks of it.
On the other hand, I am pretty sure that many Xjs will escape the chopping block, as not every XJ owner is going to buy a new POS, and take on payments, extra insurance costs, and so on, and not every XJ out there would qualify from some of what I read, as it needs to be running, registered, already in their name for close to a year, etc, or something like that.
Long story short, if you are already planning to do the CFC deal don't miss out on the other great incentives. Seems many dealers don't even know about some of these, as they are income tax rebates, deductions, and state based, TCEQ deals.
I heard today on fox news that it is $3500 for a 4 mpg upgrade, and $4500 for a 10 mpg upgrade on CFC.
Also there is an extra $1700 federal tax credit if you buy a Ford Hybrid in the deal. In fact all the hybrids seem to have extra federal tax credit incentives. See below.
Then if you live in Texas there is another another $3500 kicked in from the Texas "drive a clean machine" program, that funds replacing clunkers (like oil burners) with a more energy efficient, cleaner exhaust vehicles.
Here is a LINK to the Faux news where I saw this.
With $9700 in cash, plus dealer/OEM offers, plus in Texas there is a large sales tax on the new car purchase, that is deductable on federal income taxes (according to the article), I am starting to wonder if the days of shopping for used CHEAP used XJs (or other cheap used car) in Texas may not be over for a while. For some that want a new high mileage set of DD or work wheels, this is going to be one sweet deal, deal of life time from the looks of it.
On the other hand, I am pretty sure that many Xjs will escape the chopping block, as not every XJ owner is going to buy a new POS, and take on payments, extra insurance costs, and so on, and not every XJ out there would qualify from some of what I read, as it needs to be running, registered, already in their name for close to a year, etc, or something like that.
Long story short, if you are already planning to do the CFC deal don't miss out on the other great incentives. Seems many dealers don't even know about some of these, as they are income tax rebates, deductions, and state based, TCEQ deals.
