The Federal Tax Credits Blog

Posts Tagged ‘new car’

Peabody Hotel Group Opens Orlando Expansion

The Peabody Orlando, one of several hotels within the portfolio of Memphis-based Peabody Hotel Group, has opened its $450 million expansion, a project…

Get COBRA Funds, They May Be Available !

Question: Chances of financing a new car?

So, I’m fairly certain I need a car, and I’m fairly certain that I want a Honda Fit. I applied for financing about a year ago for one and was turned down because my school debt was still too high. Since then I’ve reduced it about $10,000 leaving my debt at $9,900 student line of credit which I am making steady over payments, and will increase those now that my MasterCard was paid off by my tax return.
I’m wondering what my chances are to finance the entire vehicle if that is the only thing that I owe on and pay only about $500 a month in other bills.

And yes, yes I know I could get a used car for only a few hundred dollars, but I want a good car that is going to last me for the next 10 years, not something I’m going to have to take to the garage every three months like my last car.

Oh, and in Canada, if that makes a difference.

Answer: Well you didn’t mention your income or available down payment, the two main considerations besides your credit. But assuming you have a decent job that you’ve held for a reasonable period of time, and your credit score is good, you shouldn’t have any trouble.

Due to the world economy right now, dealers are anxious to sell cars but they’re not going to sell them to ‘high risk’ buyers without charging higher interest rates and/or requiring a higher down payment.

If you can’t qualify for a purchase, you might consider leasing one (Honda has a special right now on leasing a Fit — $150 a month and about $2,500 down, I think), and then purchase it in a few years when you (hopefully) will have more income and lower debt.

Midas Reports Second Quarter Results of $0.06 Per Share

ITASCA, Ill.—-Midas, Inc. reported net earnings of $0.8 million—or $0.06 per diluted share—for the second quarter ended July 3, 2010, compared to $0.4 million—or $0.03 per diluted share—in the second quarter of 2009.

General Motors is an ANTI-AMERICAN Company…

Question: Is their Quote on 2009 Toyota Tacoma FAIR?

HI all, I am an new regal immigrant in US and first time trying to buy a car.
I went to Toyota and get a quote 09 Tacoma D-cab long, TRD sports w/JBL. they said base 27,075 + TRD 3,375 + Manu/Delv/Proc/Hndle Fee 795 = MSRP + ADM Fee 579.50 + Tax 7% + Title 21 = 34,073.21. They reduced it on 33,500 out-door price as they expect the rebate for 09 will probably be 1,000, but they said it depends on the market situation nex year. They can’t guarantee it. it might be 1,000, 1,500, 2,000, or nothing. if nothing, price will be + 1,000.
Because it is special order, they needed to charge me 500 deposit that time to the factory to start assenble it, and I agreed to pay. it will be ready on mid Jan 09. Could I still have a space to nego on this at the time to finally get purchase? Or is it about fair quote?
We haven’t make any documents or sign at all but paid 500 by credit card.
Please advise me.

Answer: The deal itself is probably okay. It is hard to quibble over a $1000 on a $34,000 truck. I would be more concerned that this is your first vehicle and you are paying quite a bit. I don’t know your circumstances but can you afford the payments? A lot depends on what financing is being offered. Toyota has some good rates on some vehicles but not every model. If you can get your loan through your credit union, you may save money in the long run. You have to look at the total cost not just the vehicle price.

Electric cars widely available in Canada by 2012: automakers

Fully electric vehicles should be widely available to Canadian consumers within two years, with offerings in the pipeline from Nissan, Ford, Toyota, Mitsubishi and others, automakers say.

ClimateGate: the Fraud of “Global Warming” and “Climate Change” — by Marc Morano of Climate Depot

Question: With the proposed fiar tax, aka national sales tax, would people be given a credit for their after tax savings

for example John is saving for a new car to paid for in cash he has $20,000 in a bank CD that he has already paid taxes on. If the fair tax he would have to pay the fair tax with money that has already been taxed..

Answer: No credits for that. Yes he would pay tax on the car, even though he’s buying it with money he’s already paid tax on. Just one of the MANY issues with the so called fair tax.

Supporters make it sound so good – just the name has such a nice ring to it. Once you really look at it closely, and ask the many questions that are just blown off by the supporters, it has a number of flaws.

Will tax credit help first-time buyers ignite home sales?

This month, Jamie Watt and her fiancé, Ben Arnold, expect to own their first home, a three-story townhouse with a spacious deck for entertaining and a spanking-new kitchen with a stone countertop.

Zero Percent and No Sales Tax Ad.