Good news for new car buyers

[MAINIAC XV]

The American Recovery & Reinvestment Act has a provision that allows you to deduct the state sales & local excise tax on a new vehicle purchased between Feb. 17th & Dec. 31st 2009. Even if you do not itemize you can take this deduction. As long as you don`t make over 125K ( 250K ) and purchase price is under $49,500 and weight up to 8500 lbs.

One word of caution:

If you plan on buying a house this year 1st time or not , Buy the house 1st. The payment on a new vehicle could severely eat into how much house you can buy.

I know Jeff ( Sub-Leg-Fozzie ) and my son will benefit from this.

 

[04Exploder]

that's so true. i lucked out on my 4 year old forcloser but before i bought my wrx i qualified for over 200,000 dollar house and after i only qaulified for 145,000

 

[Carter]

WTF THIS SUCKS!

 

[MAINIAC XV]

WTF THIS SUCKS!

I couldn`t remember when you bought your 09 oviously prior to Feb 17th sorry man. Everything in life is timing

 

[subiLgt2010]

does this include used car too? i bought my 07 lgt back in march????

 

[MAINIAC XV]

does this include used car too? i bought my 07 lgt back in march????

If it was a left over and never registered before it would be considered new.