There are a few deals for those wanting to obtain a car

If you are in the market for a new automobile and are in the United States, there are still some deals for you that you may want to take into account before you put down $30,000 on your new auto.

Clearly the biggest government encouragement this year was the Cash for Clunkers program, but just because you missed out on the program, that doesn’t mean that the government doesn’t want to aid in other ways (as long as you buy your car by December 31st anyhow).

When you travel to a auto dealership, you can typically discuss a deal. Other than that, you can receive a sales tax tax deduction right now. When the federal stimulus proposal was approved at the starting of the year, anyone who bought a car after February 17th and before January 1, 2010 is able to obtain a sales tax deduction on their automobile.

The downside is that the reduction is restricted to the original $49,500 of the car’s price and the reduction phases out for individuals who make over $125,000 per year or married people filing jointly $250,000. Once the individual earns $135,000 alone or $260,000 for combined filings, the deduction is eliminated.

Sure, you aren’t going to be receiving a massive reduction from this, but something is better than nothing. For the reason that the deduction is only on sales tax, if someone lives in a state that does not have sales tax, the deductions can be applied to costs that the state or local governments necessitate.

You can also get a tax credit if you purchase a hybrid. Popular cars like the Prius aren’t qualified for the credit anymore, but 2009 models that are eligible include some cars from Chrysler, Dodge, Saturn and Mazda. The credits variety between $1,550 and $2,200.

For the 2010 cars, the tax credits are a bit more limited. They’re obtainable to mostly Sport utility vehicle hybrids.

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