New Vehicle Purchase

Ford Fusion is the 2010 Car of the Year

The Ford Fusion is the 2010 Motor Trend Car of the Year

60th Anniversary of the Award goes to versatile Ford sedan
November 15, 2009
LOS ANGELES, CA (November 17, 2009) MOTOR TREND today announced the Ford Fusion has been named MOTOR TREND's 2010 Car of the Year®. This year marks the 60th anniversary for the MOTOR TREND award - the longest standing editorial automotive award of its kind.

Cash for Clunkers, CARS program

Cars was a huge Success, but has ended as of This article will be left up for awhile for reference. View the Clunker Program results here.

 

Trade in your Clunker & you may qualify for up to $4500 credit towards your new vehicle purchase or lease.

President Obama signed into law (view details) the new Cash for Clunkers Program (Car Allowance Rebate System). The final regulations have yet to be written, but at Citrus Motors, we want to keep you up to speed on the rapidly evolving program.

Car Allowance Rebate System - A.K.A. Cars for Clunkers

Cars was a huge Success, but has ended. This article will be left up for awhile for reference. View the Clunker Program results here.

There is a new Federal program to help you purchase your next new vehicle. By trading in an older, less fuel efficient car for a new, more fuel efficient car you could be entitled to some rebates. The program went into effect July 1st, 2009 and final details will be available after July 24th, 2009. When you buy a new car, we will handle all of the bureaucracy with the NHTSA. All we need is your title, registration and insurance papers showing continuous registration for the past year.

For full details as they develop, check the CARS.gov website. You can also check the FuelEconomy.gov website to see what kind of mileage your next vehicle gets.

Sales Tax on New Vehicles is Deductible from your 2009 Taxes

The American Recovery & Reinvestment Act (ARRA)
Economic Stimulus 2009

Signed into law On Tuesday, Feb. 17, President Obama signed a $787 billion stimulus package to help the American People. Good news for those waiting to buy a new car as Sales tax on any new vehicle purchased after February 17, 2009 and before January 1, 2010 can be deducted from your 2009 taxes (1). You do not have to itemize your taxes to take the new vehicle sales tax deduction as it can be a standard deduction also (2). 

Eligibility for a new vehicle tax deduction:

1.       New vehicle is purchased after 2/17/2009 and before 1/1/2010.
2.       Can be deducted up to $135,000 for individuals (phaseout deduction after $125,000) and for couples filing jointly up to $260,000 (phaseout for couples after $250,000).
 
You will still pay the sales tax when you purchase the new vehicle, but you can deduct the sales tax amount from your 2009 taxes.
Syndicate content
Citrus Motors Ford Lincoln Mercury & KIA, Inc. 1375 South Woodruff Way, Ontario, CA 91761 - [ Map ]

© Citrus Motors 2008

Citrus Motors - Southern California Ford Lincoln Mercury & Kia dealer. Authorized Ford Dealer (Lincoln and Mercury) and An Authorized Kia dealer. Come get your "No Hassle" new and pre owned vehicle from your friendly San Bernardino County, Ontario Auto Center dealership. Citrus Motors is here to meet and exceed all of your new and used Ford, Lincoln, Mercury and Kia needs.