Why Buying a Used Plug-In Hybrid Vehicle Makes Financial Sense
Leveraging Federal Tax Breaks and State Incentives for Affordable Plug-In Hybrid Ownership
According to LOCAL10, if you want to save money on fuel and help the environment, buying a plug-in hybrid vehicle (PHEV) is a smart move. These cars work like regular hybrids but have batteries you can charge so you can drive short distances without using gas. While new PHEVs can be expensive, buying a used one can be a cheaper option, especially with the federal tax breaks available. Plus 16 states are giving extra money for child tax breaks making it even more affordable to buy a used PHEV.
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Edmunds Reveals Best Used Plug-in Hybrids Eligible for Federal Tax Breaks – Drive Green on a Budget! (PHOTO: ABC News)
Experts Tout Benefits of Used Plug-In Hybrid Vehicles and Federal Tax Breaks
Experts recommend several used plug-in hybrid vehicles like the Toyota Prius Prime, Chevrolet Volt, Ford Fusion Energi, Kia Niro Plug-in Hybrid and Mitsubishi Outlander PHEV. With federal tax breaks, buyers can save up to $4,000 or 30% of the purchase price on qualifying used PHEVs, making them popular choices for saving money and reducing environmental impact. Staying informed about tax breaks eligibility helps buyers find the right used PHEV to fit their needs and budget.
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