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Wife about to buy an '05 Prius...what next?

Discussion in 'Gen 2 Prius Main Forum' started by Cogtx, Nov 12, 2005.

  1. Cogtx

    Cogtx Junior Member

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    The wife will be getting her new Prius soon and I thought I'd better get informed about these vehicle-mobiles to keep up with the latest news. Glad to have found this forum and will be posting our experiences with the Prius. Thanx for your help in advance cause I will be asking alot of questions!!! :D
     
    #1 Cogtx, Nov 12, 2005
  2. MBranstein

    MBranstein New Member

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    My first advice is to ask your dealer to hold the car until January of 2006. This will give you a tremendous tax credit compared to the current tax deduction.
     
    #2 MBranstein, Nov 12, 2005
  3. Cogtx

    Cogtx Junior Member

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    I hear ya there...however, just the first 60,000 cars will get that super tax credit and we may not be one of them on that list. Kinda like play the lottery on this one. Thanx for the feedback.
     
    #3 Cogtx, Nov 12, 2005
  4. Kiloran

    Kiloran New Member

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    Not quite.
    100% of the tax credit will be in force for at least the first 2 quarters of 2006.
    After that it phases out.

    More information in the following thread:
    Tax Credit Phaseout Period, from text of Energy Policy Act of 2005
     
    #4 Kiloran, Nov 12, 2005
  5. Kiloran

    Kiloran New Member

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    From the Tax Credit Phaseout Period, from text of Energy Policy Act of 2005
    thread:
    If 60k cars are sold by sometime in the first quarter of 2006, the tax credit will follow the following schedule:

    (2006Q1) - 100%
    (2006Q2) - 100%
    (2006Q3) - 50%
    (2006Q4) - 50%
    (2007Q1) - 25%
    (2007Q2) - 25%

    If the 60k threshhold is reached sometime in the second quarter of 2006, the tax credit will follow the following schedule:
    (2006Q1) - 100%
    (2006Q2) - 100%
    (2006Q3) - 100%
    (2006Q4) - 50%
    (2007Q1) - 50%
    (2007Q2) - 25%
    (2007Q3) - 25%

    I believe the quarters start on January 01, April 01, July 01, and September 01.
     
    #5 Kiloran, Nov 12, 2005
  6. Cogtx

    Cogtx Junior Member

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    THat's the kind of info I need...will talk with the wife and see what our options are regarding this sale. Perhap we can take delivery after the 1st of the year...would really like to get the best deal possible on this vehicle....thanx again for the input
     
    #6 Cogtx, Nov 12, 2005
  7. Kiloran

    Kiloran New Member

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    You're very welcome.
    Be sure to check out the FAQ. It's got lots of good stuff in it.
    Toyota Prius FAQ
     
    #7 Kiloran, Nov 12, 2005
  8. Kiloran

    Kiloran New Member

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    #8 Kiloran, Nov 12, 2005
  9. tumbleweed

    tumbleweed Senior Member

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    2010 Prius
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    V
    If you are considering an extended warranty be sure to read the topic in this forum "beware dealer extended warranty prices".
     
    #9 tumbleweed, Nov 12, 2005
  10. windstrings

    windstrings Certified Prius Breeder

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    Central Texas
    Vehicle:
    2010 Prius
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    IV

    Since your getting it this late in the game.. for 450.00 more and better resale later, you may want to consider the 2006 and study its improvements. You can use the link at the top of the page in red that says 2006 prius info. http://priuschat.com/2006_toyota_prius.html

    It may be worth spending a few hours digging in the forum to make a good decision... the 2005 is good, but the 2006 is better.... there is specualation as to the quality of the monitor being upgraded too: Here is a nice thread to read... not sure yet what the real answer is..... http://priuschat.com/Prius-Display-Screen-...ity-t12434.html

    Well try to help as much as we can.... :rolleyes:
     
    #10 windstrings, Nov 12, 2005
  11. Potential Buyer

    Potential Buyer New Member

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    October, not September. Months #1, 4, 7, 10.
     
    #11 Potential Buyer, Nov 12, 2005
  12. Kiloran

    Kiloran New Member

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    Doh! :p
    Yes, October! :D
     
    #12 Kiloran, Nov 12, 2005
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