New Car Tax Incentive

As you may have recently read in the media, President Barack Obama signed the American Recovery and Reinvestment Act on February 17th. The legislation was approved by the Congress, in part, to provide an additional stimulus to the US economy. Among the many provisions in the legislation, there is a measure that may directly assist new vehicles sales. We wanted to make sure every dealer was aware of the new rule and could maximize it to create sales.



Specifically, the stimulus package allows for the following:

§ New vehicle buyers may deduct “any state or local sales excise tax” for new cars purchased through December 31, 2009;

§ The deduction applies to new vehicle purchases up to $49,500 (or to that portion of the purchase price, if the cost is in excess of that limit);

§ To qualify for the tax deduction, an individual must make less than $125,000 or a family must make less than $250,000;

§ The deduction is “above the line” and can be taken by both itemizers and non-itemizers.



I believe this new vehicle sales tax deduction fits within the sweet-spot of our buyers. Along with our solid Hyundai product story and the Assurance program, this tax incentive provides you with another reason to purchase a new Hyundai. I encourage you to contact Billie, Ernie, Jason or Les as soon as possible.

Dan Hartmanstorfer
Dutch Miller Hyundai
Sales Manager
304-529-2301 ext 1162
email
dutchmillerdan@yahoo.com