Hybrid Car Finance » Hybrid Car Tax Rebates http://www.hybridcarfinance.com Finance and Rebate options for Hybrid Cars Fri, 23 Oct 2009 18:46:12 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Hybrid Car Tax Rebates http://www.hybridcarfinance.com/hybrid-car-tax-rebates/2008/03/ http://www.hybridcarfinance.com/hybrid-car-tax-rebates/2008/03/#comments Mon, 24 Mar 2008 02:34:19 +0000 Longtail http://www.hybridcarfinance.com/?p=3 All rebates are not created equal.  Ontario and Quebec recently passed new legistation offering $2000 and $1000 tax rebates respectively.   These rebates are calculated only on the provincial sales taxes paid, not the price of the car.  Let’s say you are buying a $30,000 car with a $20,000 trade-in, the buyer would pay only $800 worth of provincial sales taxes due on the $10,000 cash portion of the purchase.  This means that $800 would be the maximum rebate that buyer could expect to collect on this purchase.

Keep this in mind when you are budgeting for the purchase of your hybrid car.

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