Jimkerry

Edmunds.com has the 2007 on their site with MSRP.

Jimbo

Rockville

Since Toyota/Lexus has reached the limit of 60,000 sold the income tax credit will drop 50% at the end of September. Published RX400h tax credits equal $2200. October 1st these will drop to $1100. April 1st, 2007 they will drop again in half to $550.

If you are going to buy a Lexus hybrid you should do so in September. The 2006's are still coming in here in the Eastern region and a few 2007's will make it this month.

Rock

Jimkerry

There is significant discussion around raising or extending this cap.

daloosh

It makes sense to get the full tax credit if you can do it this month. However, I looked at the approvals, and the 2007 RX400h was not on the list at the IRS site, which leads me to believe that buying a 2007 right now does not qualify for the tax credit. Anyone know anymore?

daloosh

Monchichai

You get $2200 tax credit for RX400H if purcahsed by Sep 30,2006.
It's $1100 if you buy it between Oct 1, 2006 ~ Mar 31, 2007.
And then it's down to $550 if you buy it between Apr 1, 200 ~ Sep 30, 2007

http://www.fueleconomy.gov/feg/tax_hybrid_new.shtml

hendjaz

The point that folks should remember on the tax credit is that there is no information that I have seen that it is applicable to the 07 model of the 400h. Only the 2006 400h should be considered if the tax credit is important to a buyer. I don't think many dealers are aware of this and the buyers aren't either. There may be some upset buyers next April when their accountant tells them their purchase of an 07 400h did not qualify for any tax credit. Perhaps that will change though if the credit is renewed or extended and again fully applicable to Toyota/Lexus hybrids.

Here's the link to the IRS page where the vehicles are grouped by model year. This list is as of August 9, 2006. I am not aware that there has been any further updates since then. Hopefully someone has better news on this but that's the latest I could find and consistent with what daloosh reported earlier.

http://www.irs.gov/newsroom/article/...157632,00.html

The following is a copy and paste of a portion of it in case the link does not work.



"These models have been certified for the credit in the following amounts:

Model Year 2007

Chevrolet Silverado 2WD Hybrid Pickup Truck — $250
Chevrolet Silverado 4WD Hybrid Pickup Truck — $650
Ford Escape Hybrid 2WD — $2,600
Ford Escape Hybrid 4WD — $1,950
GMC Sierra 2WD Hybrid Pickup Truck — $250
GMC Sierra 4WD Hybrid Pickup Truck — $650
Lexus GS 450h — $1,550
Mercury Mariner 4WD Hybrid — $1,950
Saturn Vue Green Line — $650
Toyota Camry Hybrid — $2,600


Model Year 2006

Chevrolet Silverado 2WD Hybrid Pickup Truck — $250
Chevrolet Silverado 4WD Hybrid Pickup Truck — $650
Ford Escape Hybrid (Front) 2WD — $2,600
Ford Escape Hybrid 4WD — $1,950
GMC Sierra 2WD Hybrid Pickup Truck — $250
GMC Sierra 4WD Hybrid Pickup Truck — $650
Honda Accord Hybrid AT w/updated calibration and Navi AT w/updated calibration — $1,300*
Honda Civic Hybrid CVT — $2,100
Honda Insight CVT — $1,450
Lexus RX400h 2WD — $2,200
Lexus RX400h 4WD — $2,200
Mercury Mariner Hybrid 4WD — $1,950
Toyota Highlander 2WD Hybrid — $2,600
Toyota Highlander 4WD Hybrid — $2,600
Toyota Prius — $3,150