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hybridbear

What did you drive before getting your FFH?

What kind of car did the FFH replace?  

112 members have voted

  1. 1. What type of car was replaced?

  2. 2. Where is the car that was replaced from?

    • American automaker
    • German automaker
    • Japanese automaker
    • Korean automaker
    • Other European automaker
    • Other automaker (please comment)
      0
  3. 3. Have you owned an alt fuel vehicle before?

    • No
    • Yes, conventional hybrid
    • Yes, diesel
    • Yes, PHEV
    • Yes, BEV/EREV
      0
    • Yes, other (please comment)
  4. 4. Did you own another hybrid before?

    • No
    • 2010-12 FFH
    • TCH
    • Prius
    • 2010-12 FFH & a TCH
      0
    • 2010-12 FFH & a Prius
      0
    • TCH & a Prius
    • 2010-12 FFH, TCH & a Prius
      0
    • Ford Escape Hybrid
    • Honda Civic Hybrid
    • Honda Insight Hybrid
      0
    • Honda Accord Hybrid
    • Toyota Highlander Hybrid
    • Other hybrid (please comment)
  5. 5. Did you consider non-alternative fuel vehicles when shopping for your FFH?

    • No, only hybrids, PHEVs and other alternative fuel vehicles were considered
    • Yes, diesel
    • Yes, gas-only cars


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Maybe you've read up on this and I'm wrong, but i don't think so. You ought to get $3,750 in tax credit no matter what you owed or were getting back. If you had a refund of $500, you'd get a new refund of $4,250 for buying the plug-in hybrid. It's not just credit toward your owed taxes, it's real money. I got a first-time homebuyer tax 'credit' in 2010 and it added $5,600 to my already refund of $2,200. Thus I got $7,800 instead of $2,200. Take your current tax bill, whether the amount is positive or negative, and add $3,750 to it.

That would be a complete rip off if they only gave you credit against your owed taxes.

Maybe this will help, it explains how the tax credit works.

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A tax credit reduces the amount of money you owe the IRS right away. For example, if you earn $40,000 per year and are taxed at 10 percent, you'll owe the IRS $4,000. A tax credit of $500 will reduce the amount you owe to $3,500.

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You're correct acdii, but pretty much everyone who can afford to buy a new $30k-$40k PHEV will have enough income to have paid $3500 in federal income taxes. Which means that it works out to being $3500 cash

True in some cases. I could have afforded one, but the 3500 would have returned only about $1500 tops, I checked Turbo Tax just for kicks.

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Anyhow, to add to my list,

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2013 Flex Limited Titanium Ecoboost.

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So now I have a 2010 Fusion Hybrid, and the Flex. and a sense of relief too.

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I'll work on boxing up those covers for you and send you my email so you can send me where you want them shipped to.

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So, how much more would a Fusion Energi be over the regular Hybrid model considering the tax credit? Seems like the base price of the FFE was 10K plus over the base price of the FFH - you'd still have to pay that up front, right? Would you have to wait until next spring to get your credit back?

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After reading a an article last November that compared the CMax Energi vs the regular Hybrid model, the authors felt that most people. based on the way they drive, wouldn't make back the additional cost of the Energi model in fuel savings, so they recommended the regular Hybrid model instead. I talked my husband out of waiting for the Fusion Energi as a result, and we got the FFH instead (which we both absolutely love).

The Energi would only pay back if one or more of the following.

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A. The tax credit, which is an amount taken right off the top of your income, reducing the amount you made for tax purposes, can actually give you back that amount in a refund.

B. your daily drive allows you to use the EV mode for most if not all of your trip for the day, and recharge at night, or have access to a charging station at work.

C. Gas prices go up above $6 a gallon.

D. you are one of those leaf wearing green wackos who are foaming at the mouth and think EV is the only answer.

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If I were going from the F350 Diesel, like I did with the Prius, use the EV mode when I was close to my office where its most efficient, then yes it would pay off quickly, but if I go from a car that already gets good MPG, then no, the payoff would never be there.

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A tax credit does not reduce your income, that's a tax deduction. A tax credit reduces your taxes owed. Based on married filing jointly that would mean that if you made $30,950 and take the standard deduction you would get the full $3750 back. A couple married filing jointly with no kids would need to make $30,950 before taxes in a year to owe $3750 in income tax. If you paid $3750 you can get $3750 back. If you only paid $3000 then you could only get $3000 back. If you are able to take more than the standard deduction then your before tax income would need to be higher to account for that. That's why they always say to consult your tax professional to see if you would get the full $3750 benefit. Most people will qualify for the full tax credit though because if you can afford to buy a new car your household income is most likely high enough that even with additional deductions for children or business expenses if you own your own business that you would still get the full $3750 back.

Yeah, thats what i meant. I shouldnt post when half distracted with Dr Who. Taken off the top of taxes owed, not income, got them backwards, sorry. What you do need to consider though, is if you finance the entire cost of the vehicle, you still pay for that 3750, then get it back, but still are paying for it in interest. So if you buy the car, then get the tax credit next year, refinance the car with putting that 3750 back into it.

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So had I gone and purchased a FFE, next year I would get part of my taxes back, but would still be paying for that portion. I think this makes sense, dont know, have a headache right now. When I bought th ePrius we got a tax credit too, but it did not reduce the cost of the vehicle, so we still paid the full price.

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We had a 2009 Camry Hybrid that occasionally would do that. My wife thought I was screwing around until it happened to her, then it was, Get RID of this damned car!

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Thats how my dealer is with me, They know I know more about the cars than they do. When I go to other dealers I just take what they say and dispose of it, not worth arguing over any of it, or asking any questions. I just get in the car, check it out, take it for a drive and thats it. When I go to my dealer we talk about everything BUT the cars. They know they dont need to sell me on anything. Heck they learned more from me on what they sell than they learned from Ford!

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