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UNCLE SAM WILL BUY YOU A NEW CAR. I'm SERIOUS!

By Es r

Home Builder with CSR

December 17, 2009 05:12 AM

I just saw this on CNN last night. I did some research on my own and it is true. I must first say that I am not a CPA and that you should seek the advice of your CPA on this.

If you buy a street legal eslectric car by 12/31/2009, Uncle Sam will pay for it.

That's right. There are certain qualifying cars that will work for this, but the bottom line is that the government is giving a 100% tax CREDIT for buying this car.

Check it out at www.freeelectriccar.com.

I disagree with these programs and hate that our tax money is being used to subsidize this, however I cannot, in good concience, not take advantage of this offer. It is too good. I have a choice, pay income tax of approx. $6,400 or buy this car. It's a no brainer. I can't imagine why anyone who pays over $6,500 a year in income tax wouldn't do this.

Good luck all.

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Robert L. Brown

www.mrbrownsellsgr.com - Grand Rapids, MI

Grand Rapids Real Estate Bellabay Realty, West Mic

Sounds like a gret idea. But what about the future. Who will end up paying for this?

Dec 17, 2009 08:14 AM

Melissa Anderson

Be My Neighbor Mortgage - San Antonio, TX

Your Texas Lender

Try buying a BATTERY for one of these cars when the time comes. That'll put the folks in to foreclosure and cause another mortgage meltdown.

Dec 17, 2009 08:41 AM

Yolanda Hoversten

Self Employed - O'Fallon, IL

Referrals for O’Fallon, IL & the Metro East

LOL @Melissa.

CF do they make long enough extension cords for those things?

Dec 17, 2009 09:22 AM

Jay-Paul Lowry

Riverside, CA

If the Government has to subsidize a product/industry to get it to sell than we know it shouldnt be around in the first place.

Dec 17, 2009 09:51 AM

Hugh Krone

Weichert Referral Associates - Hamburg, NJ

Realtor, Sussex County NJ

Chris, mostly this has been used to buy(get this) electric golf carts

Dec 17, 2009 10:02 AM

Cheri Smith

Prudential Gary Greene, Cypress TX - Cypress, TX

Realtor Prudential Gary Greene

lol, I thought about doing this a month ago. He's not lieing! I decided to pass and not be a burden on the taxpayer. Can you imagine what these would do to your electric bill! Have you SEEN a Texas electric bill?

Dec 17, 2009 10:16 AM

Jane Wallace

HomeSmart Realty - Denver, CO

CRS | SRES, Denver Real Estate

I dont have a car, gave it up 14 months ago and I dont miss having one

Dec 17, 2009 11:48 AM

Bob Cumiskey

A1 Connection Realty, Inc. - Sun City Center, FL

US Army Retired, Your Sun City Center, Florida ~ Realtor

The bottom line is, the government is giving away tax dollars. So, we all pay for them in the long run.

Reminder for all. The government has no money. They produce nothing, and they don't "earn" anything. Everything they do is done with our tax dollars.

Dec 17, 2009 01:46 PM

Delaware Junk Removal Residential And Commercial Hauling Clean Outs

Delaware Junk Removal 302-530-9186 - Wilmington, DE

Whole House Clean Outs, Basements, Garages, Attics

Man law # 47 states that "No man shall drive a car that does not burn flammable liquids" so im out on this one.

Maybe if I let the wife drive it then my kids can pay for it in 10 years?

Dec 17, 2009 03:11 PM

Haha you got me! I am ok driving one of those! Good one!

Dec 17, 2009 03:13 PM

Tchaka Owen

Galleria International Realty - Hollywood, FL

Nice find! Even if I were in the market for a new car, I wouldn't go electric (even with subsidy) yet. There's been a lot of improvement and I think the next decade will bring about a lot more. Electric cars are on the way and they're here to stay. With the torque they can produce, they're going to blow away all but the fastest sports cars off the line.

In 2002 a plasma TV was upwards of $10,000.

Dec 17, 2009 06:27 PM

Wallace S. Gibson, CPM

Gibson Management Group, Ltd. - Charlottesville, VA

LandlordWhisperer

I just traded my Lexus RX2006 for a 2010 * I seriously considered getting the RXh and talked to my local auto service "guys" and to a MAN, they said I needed to wait on the technology although Toyota is leading the way....maybe next time!!!

With an electric car, if the power goes out, we have a propane generator so I'd be using even MORE fuel to fuel the car!!! Now that's a waste!!!

Dec 17, 2009 09:54 PM

John Hersey

Berkshire Hathaway HomeServices Homesale Realty - York, PA

e-PRO Realtor

Jane, I am seriously wondering how you sell real estate without a car. That would be nice!! Plus I have three kids to haul around to sporting events ALL the time. Don't see how I could do it!

Dec 17, 2009 10:47 PM

Kevin Robinson

Twin Falls, ID

Fractional Developer

4 car family here and no chance of going electric anytime soon. I follow Larry's man rule at all times.

Dec 17, 2009 11:57 PM

Debbie White

Southeast Alaska Real Estate - Juneau, AK

I Sell Alaska!

I don't care if it is free. I'd have to store it more than half the year because that thing isn't going anywhere November - April in Alaska.

Dec 18, 2009 12:56 AM

John, I am Mainly a Listing Agent in my Neighborhood and I live Downtown. When I have Buyers I let Them Drive to get the lay of the land. I do very little business out of the City Center. When I need a car I just rent one. No kids to Haul around.

Dec 18, 2009 05:30 AM

Mitchell J Hall

Manhattan, NY

Lic Associate RE Broker - Manhattan & Brooklyn

I would love to see someone driving one of those cars golf-carts on the streets of NYC in rush hour traffic. Lol

Dec 18, 2009 06:07 AM

Jane- all I can say is Wow.... Really? Why???

Dec 18, 2009 09:03 AM

Rob Arnold

Sand Dollar Realty Group, Inc. - Altamonte Springs, FL

Metro Orlando Full Service - Investor Friendly & F

Can you take something like on the interstate or is more like one of those puny "smart" cars ?

Dec 19, 2009 01:14 AM

Will Nesbitt

Nesbitt Realty at Condo Alexandria - Alexandria, VA

Nesbitt Realty is a family-run brokerage.

This is actually so ridiculous that I reblogged.

Jan 20, 2010 10:02 PM

UNCLE SAM WILL BUY YOU A NEW CAR. I'm SERIOUS!

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