You Can Save Big Money, Lots of Gas, and Get A $2,200 Tax Credit!

I have never been through a car market like this in my life. The closest was from 1980 to 81. The country was in recession and fuel prices were through the roof. The difference now is first that finance rates are low compared to rates so high in the 80’s that the legal limit on car loans had to be raised to accommodate the high fed funds rate. The other big difference is that in the 80’s the domestics had no idea how to build a fuel efficient vehicle that would meet federal emission standards.

Today, GM sells more vehicles that get over 30 mpg highway than any other manufacturer. And these aren’t just shoe boxes on wheels with mice running on a conveyer. They are incredible vehicles, and during GM’s Memorial Day Sales Event there are some incredible savings. Here are just a few:

- Chevy Cobalt gets 36 mpg hwy
- Pontiac G6 gets 30 mpg hwy
- Chevy HHR gets 30 mpg hwy
- Chevy Malibu gets 30 mpg hwy
- Pontiac G5 gets 35 mpg hwy
- Chevy Aveo gets 35 mpg hwy
- Pontiac Vibe gets 34 mpg hwy
- Chevy Malibu Hybrid gets 32 mpg hwy

During the GM Memorial Day Sales Event there are incredible savings. Take the Chevy Cobalt for example: You can purchase a new Cobalt for under $13,500 after $2,000 in available incentives. This is a 36 mpg highway vehicle. With today’s low interest rates you can probably lower your current payment and significantly improve your fuel economy over your present car, even if you are driving a compact.

Now here is another reason to consider GM this week. The GM Giant just purchased two Tahoe Hybrid trucks that had been used for evaluations by GM’s engineers. They have less than 4,000 miles on them and will qualify for financing as low as 4.9% APR. And GM can offer something on their hybrids you cannot get from Toyota, and that is a tax credit of up to $2,200. Toyota and Honda have used most or all of their allocation of credits for hybrid vehicle sales. GM is just getting started. Until GM sells 60,000 hybrid vehicles, the Tahoe and Yukon Hybrids will qualify for a $2,200 credit on your federal income tax. This is a credit, not just an adjustment in taxable income.

I mentioned last week that you can improve your fuel economy, help the local and national economy and reduce the emissions you pump into the air simply by replacing your old car with a new one. GM has made that easier with their Memorial Day Sales Event. Visit us at www.gmgiant.com for more information. Next week I plan on a comparison between the Yukon Hybrid and the Toyota Highlander. We had a request for that on our blog. I know already that you will benefit from the tax credit with GM. Thanks for reading and drive safely. The sale ends 6/2/08.